Responsible to lead the direct day to day on Collateral Management Cash and Securities for Derivatives Products and ensure that the strategy, Innovation and goals defined by the Director of Middle Office Services Client Operations are implemented and achieved in Luxembourg & Europe.
Ensure an accurate calculation of portfolio exposition and margin calls according to the arrangements in place to respect the timeliness required to meet market deadlines in terms of the different exchanges with the different counterparties
Maintains effective working relationships with clients, other departments, market counterparties and service providers.
Develop the team members to ensure the department knowledge service growth.
Participate in the development and implementation of new features related to the collateral management services and system application.
Communicates status and establishes areas for improvement (Oversees the efficiency of the daily operations).
Ensures adequate backup through cross training.
Validate service expectations
Communicates and manages the collateral service according to department goals and performance targets, and contribute for enhancements to operational processes to more effectively meet client needs.
Ensure procedures are adequate to ensure compliance with applicable regulatory & audit requirements as internal well risk management requirements policies.
Ensure Collateral management operations are included in the Business Continuity Plan.
Ensure operational risks are all identified.
Ensure risk mitigation via the planning and implementation of a dedicated action plan (RCSA, internal/external audit)
Implement the appropriate Metrics to Measure and control collateral Management day to day
Ensuring deliverables meet both internal and external client needs and expectations.
Maintain strong and trustworthy relationships with clients and Counterparties
Participate to represent Collateral Management operations if required.
Develop others competencies and technical skills.
Ensure knowledge transfer in the team.
Reduce the turnover at the maximum and retain key people in the Collateral Management Derivatives Products Team.
AUTHORITIES, IMPACT, RISK
Collateral Management Production
Monitoring and tracking of collateral assets
Maintenance of Collateral Agreements
Risk of financial loss through errors and omissions
Degree with a financial concentration or equivalent experience.
Solid and proven industry experience in product and operations environment.
Strong Management experience required
Strong collateral management experience in bilateral and tripartite arrangements for the different financial instruments ( Derivatives, repurchase agreements, securities lending and credit lines)
Strong Experience with ISDA, CSA, pledge agreements and others...
Strong experience dealing with counterparties (Brokers, Prime Brokers, Clearing Brokers, custodians and asset managers)
Concern for Order and Quality
Planning and Implementation