Associate - Collateral Management 2866
Associate - Collateral Management 2866
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Job Description
We are looking for an Associate to join our Collateral Management team in London.
Profile Summary
As part of the collateral team managing all exposures resulting from OTC Repo structured finance and SBL trading activity the main purpose of this role will be to ensure counterparty credit risk is mitigated for all Mizuhos collateralised agreements in a controlled framework and any uncovered risk is escalated as per agreed processes and procedures to Senior Management and key stakeholders.
The role requires a working understanding of Derivatives Repo and/or Securities lending products and knowledge of market regulation and the impact on daytoday management of collateral exposures.
All departmental reviews objectives and training plans will originate from this role. Ultimately the purpose of this role is to ensure Mizuho International is not exposed to credit risk as a result of its activity while at the same time ensuring we are acting within the Regulations that impact this role.
Duties and Responsibilities
- Actively manage margin calls for OTC Repo SBL and Structured products and ensure all margin movements are captured in MHI systems once agreed. This includes both cash and securities.
- Ensure data has fed successfully from Robotic in house systems to external vendors and controls utilised /exception management remediation is actioned
- Ensure all payments/ receipts are agreed booked (either via RPA or manual input) within the agreed deadlines
- Ensure all Triparty movement instructions have been released to our relevant custodians and matched where applicable
- All disputes are reconciled and reported to relevant departments for remediation and action
- Cleared margin movements are reflected in internal systems and reconciled on a daily basis
- Monitor any custodian systems to ensure security activity has matched for settlement
- Action all instructions on behalf of MHSC for Repo and OTC Derivatives Cleared and Bilateral as indicated on daily handover files.
- Action movements as instructed on behalf of MHEU facing cleared and bilateral trades. Action cleared interest movements as required each month
- Follow up on and escalate any cash margin and security fails
- Ensure all portfolios are reconciled and in line with counterparties
- Agree interest payments on cash positions with counterparts ensuring these are posted within internal accounting systems to ensure timely settlement
- Agree fee payments on fee based borrow positions with counterparts ensuring these are posted within internal accounting systems to ensure timely settlement
- Ensure all daily and monthly controls are performed within agreed deadlines.
- Ensure all RPA processes are effective each day and any errors are raised & remediated
- Ensure all daily controls are adhered to
- Ensure all control fail incidents are escalated accordingly
- Work with technology to improve inefficient processes and the team control environment
- Work on projects and firm initiatives when required
- Crosstrain on all functions within the Agency Lending and CrossProduct Collateral subteams to enable periodic coverage of roles when required
We champion a flexible work environment as we understand the need for people to meet other commitments or simply strike a good worklife balance. As such we are happy to talk flexible working for this role such as reduced working hours. The role will also include homeworking.
At Mizuho we are committed to supporting equality and diversity and seek to create a workplace that is fully inclusive. We welcome applications from all sections of the community that we operate in and from all ethnic backgrounds sexual orientation beliefs gender identities and disabilities.
If you require more information about our equal opportunities policy or wish to discuss any accessibility requirements or reasonable adjustments please contact the recruitment team and we will be happy to help.
Required Experience:
IC
Employment Type
Full Time
