The primary purpose of this position is to provide direct support to the booking and settlement of collaterals by being versed in the systems that support these operations. These systems include GV Collat/COMET/DRACCAR, as well as front office systems (Orchestrade, Murex FCO, Helix, etc). Reconciliations of portfolios have to be done in case of discrepancies with the counterparty and MTM reporting need to be sent.
Main tasks of the team:
1) Margin call management
• Margin call notification, confirmation and booking (in GVC) for Repos and OTC derivatives(in Comet) (NY time zone)
• Reconcile portfolios (Repo & Securities Lending) when discrepancies on margin call
• Coordination of booking and payments/settlement with MOs and BOs.
• Follow unsettled collateral flows
• Investigate on accounting discrepancies
2) Control and reconciliations
• Controls on margin calls: notices exchanged, amounts booked in GVC/Comet, stock reconciliation on repos margins
• Follow up in TriOptima or manual reconciliations for collateralized and non collateralized counterparties (EMIR) –OTC derivatives-
• Investigation on significant MtM variations, with escalation process if needed
• Set up (creation or modification) of contracts in GVC/Draccar depending on agreement terms for repos and derivatives
• Daily Reportings on discrepancies and disputes
3) MtM Client
• Producing MTM Client reporting and reports for NY time zone counterparties (daily, weekly or monthly reports)
• Follow up of DFA daily marks (check, new reports)
• Management of audit requests
4) Projects, process and procedures
• Participate to projects development with Paris (including UAT)
• Maintain, improve, develop activity
• Formalizing processes and documenting procedures
6) Transverse
Activity reporting (internal – KPI, KRI - and external - to regulatory authorities/Market surveys)
Contribution to ePCC, Incident reporting processes
Business development: provide input/analysis in the NAP, participate in UAT (system upgrades, new products…).
Management and Reporting:
Reports to the Head of Collateral Team
Key Internal Contacts
Legal Department, Back/MO Office, Front Office, MaM, Risks, IT Teams.
