Job Description

Reference # : 18-00493Title : Collateral Operations Analyst
Location : Chicago, IL
Position Type : Direct Placement
Experience Level : Start Date : 01/17/2018
Assignment Detail
Industry:Financial ServicesJob Category:Finance / Accounting
Collateral Operations Analyst

Grab the opportunity to achieve your full potential! Eclaro is looking for a Collateral Operations Analyst for our client in Chicago, IL.

Eclaro’s client is one of the world's largest financial institutions, committed to providing the tools and services that bridge the gap between customers and their goals. If you’re up to the challenge, then take a chance at this rewarding opportunity!

The main function of the Collateral/Margin Operations unit is to mitigate exposure to counterparty risk on OTC derivative trades. The Collateral Operations Analyst will be expected to be a team member of the Collateral Operations Unit, which monitors daily margin for customers across various products (Rates, Commodity, Structured Credit, Equity, and Foreign Exchange). Counterparty net exposure is evaluated each morning in order to determine collateral requirements.
The Collateral Unit interacts with a variety of different groups within the bank.

  • Back Office/Middle office Operations – stores copies of all confirmations of each transaction and can verify market values and rate for individual trades
  • Corporate Treasury/Global Securities Operations – determines collateral allocation and delivery of securities
  • Cash/Wire Transfer – send/receive cash collateral
  • Marketers/Traders – trade and market derivatives with Financial Institutions and Corporate Customers
  • Credit – monitors credit exposure on derivatives
  • Capital Markets Documentation – negotiates the collateral agreements
  • Due to the amount of interaction with our counterparts and other groups, excellent communication skills are necessary. An open flow of communication, specifically relating to new issues or problems, is necessary between team members. The ability to read and interpret a credit support agreement is a priority as discrepancies and reconciliations are a regular part of the business.
  • Aside from daily position monitoring and counterparty contact, the analyst will be required to investigate mark discrepancies, maintain current procedure manuals and look for methods of improving efficiency. Additional responsibility will arise as projects are mastered and time permits. As our landscape is changing with the implementation of Dodd-Frank Act the ability to adapt to change is a must and gives opportunity to learn.

  • A basic understanding of financial markets and derivative products
  • A basic understanding of financial markets documentation (ISDA, IFEMA, PSA)
  • Strong communication skills
  • Basic Excel skills
  • Ability to meet deadlines, handle high pressure situations, and juggle multiple tasks
  • Detail oriented - Specifically the ability to recognize unusual flows/triggers for collateral in agreements and new trade structures

  • College degree or related experience

Interested in applying?
Contact Charly Vie at now.

Equal Opportunity Employer: Eclaro values diversity and does not discriminate based on Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.

Application Instructions

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