Collateral Margin, Accounting

Position : Collateral Margin, Accounting

Location : New York City, New York

Notes : The roles are all Run-the-bank / operational roles, and we are looking at relatively junior folks (between 2-5 years' experience). The roles are all linked to the Derivatives Clearing product and need the candidates to have strong subject content, in line with their experience level. Quality of profile is very important so please ensure the candidates are definitely a match for the role I would rather have fewer profiles that are a great fit than more profiles that are a looser fit.

Overall Summary of the Job :

Margin Specialist Clearing Operations. Support margin settlements with clients for both Futures and OTC Clearing.

Primary Responsibilities / Essential Functions :

Provide support to Futures Operations. Responsibilities include the following :

• Manage daily margin calls to clearing organizations (CCP) such as CME and ICE
• Research and resolve breaks facing banks, custodians and clearing orgs.
• Coordinate collateral allocation between clients and CCP's and various custodial locations
• Review margin calls to end clients. Book client settlements, transfers, journals, foreign exchange transactions.
• Ensure margin calls are met promptly and in accordance with all rules and regulations.
• Run exception reports such as the aged margin, Residual interest calc, concentration calculation and Remaining margin
• Book manual cash payments. (MT103 / 202 messages)
• Perform Top day bank recon to ensure all margin is booked and all settlements and origin transfers are settled at the bank

Knowledge and Skill Requirements :

Best Regards

Piyush

Technical Recruiter

Stellent IT

Email : piyush@stellentit.com

Call- 1 609 546-9245

Gtalk : piyush@stellentit.com