Job description

  • Location:
    London - 30 Gresham Street
  • Department:
    Treasury & Trading Operations
  • Division:
    Investec Corporate and Investment Banking
  • Employment Type:
    Full time
  • Salary:

Junior Collateral Management Analyst (12 month Fixed term contract) (3339)

What you'll do

The Collateral Management analyst assists in the mitigation of credit and regulatory risk to the firm by monitoring exposure levels versus collateral balances.

This function is performed across several asset classes – Equities; FICC (Fixed Income, currency, and commodities); Derivatives; structured and financing products. Day to day execution and management of the operational functions for all aspects of the Collateral process.

The role is responsible for the day to day execution and processing of Collateral Management.

Your day-to-day

Daily processing of CSA/GMRA/GMSLA Collateral Margining

  • Booking and processing of daily calls in a timely manner in system
  • Processing and reconciliation of monthly interest with counterparties
  • Daily reconciliation of all cash/stock breaks related to collateral process
  • Escalation of Collateral Management disputes in line with Policy document and market standards.

Portfolio reconciliation

  • Daily reconciliation of trade portfolios with our counterparties via TriOptima's TriResolve platform and/or manual spreadsheets
  • Investigate and resolve portfolio difference such as miss-matched and missing trades with counterparties and internal teams
  • Work with Financial Control/Trading Desks to resolve MTM differences and undertake root cause analysis to establish product trends/errors, including MI production.

Daily processing of Corporate Margining

  • Production and distribution of daily report to trading desk of required calls
  • Work with Credit team to investigate differences in calls
  • Have an understanding of the Trade booking process to assist with investigation work

Structured Equity Collateral process

  • Completion of daily valuation report to be sent to Trading desk
  • Responsible for execution of margin movements with Trustee
    • Preparation of documentation for collateral recalls, lodgements and substitutions
    • Booking of cash/securities collateral movements into Investec Trading platform
    • Reconcile any cash/stock breaks related to this margin process
    • Partnering with Settlements team on instruction of collateral moves in the relevant settlement systems (Euroclear/Crest)
  • Daily margining of exchange traded positions at Clearing Houses.

 Daily Reporting

  • Production and distribution of Start of day and End of day report for collateral management function to various internal teams

MI Production

  • Monthly production of Collateral MI to be included in TTOPs pack.
  • Daily ‘trend analysis' data to be produced to identify increases in placed or held collateral calls.

Project work

  • Work with IT to continue to develop more of the Collateral process within Calypso.
  • Automation and enhancement of non-Calypso processes.

Ad-hoc responsibilities

  • Investigate any new market developments and assess the affect they have on our current model and suggest change where necessary.
  • Regular review and update of procedures completed to reflect changes in internal processes and market regulations.

Additional Responsibilities:

Regulatory/Risk & Compliance

  • Ensure that all procedures and checklists are kept current and meet the requirements of the department, Internal Audit, external regulators and Operations Risk and Control
  • Escalation of issues/risks to Operations Risk in adherence to documented policies

About you

Technical knowledge

  • Understanding of Collateral Processes and Conventions
  • Understanding of existing and industry regulations such as VM, IM for EMIR
  • Understanding of legal documentation – CSA's; GMRA's GMSLA's/MSLA; MSFTA's agreements and clearing agreements
  • Excellent organization and multi-tasking skills
  • Strong financial analysis skills
  • Understanding of CASS rules and regulation
  • Portfolio Reconciliation experience

Product Knowledge:

  • Knowledge required across FICC and EQ asset classes and products; understanding of pricing inputs

Additional skills required:

  • Strong Microsoft office skills – Excel, Word, Powerpoint skills
  • Strong collaboration skills, interpersonal skills and communications skills (oral & written)
  • Methodical, diligent and proactive
  • Ability to demonstrate sound judgement and problem solving
  • Ability to handle high-pressure situations
  • Organizational skills with special emphasis on the ability to prioritize and multi-tasking

About Investec 

Investec is a distinctive Specialist Bank serving clients principally in the UK, Australia and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves. 

Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same – if the role excites you, please don't let our person specification hold you back. Get in touch! 

**We are open to conversations about flexible working so please ask** 

Could your career thrive in this setting? Could you see yourself making an impact? If this is the career opportunity you've been waiting for please apply today or contact us for more information. 

As an Out of the Ordinary bank, we have a family-oriented culture and we genuinely care about our people. We work really hard to create a fun, collaborative and learning environment - so expect lots of team activities, as well as plenty of support for training, mentoring and coaching. 


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London - 30 Gresham Street
30 Gresham Street, London, England, GB, EC2V 7QN

Meet the recruiter

Keeley Fitzsimmons

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Private Medical Cover
Virtual GP
Gym Discounts
Psychologist Service
Annual Leave
Life Assurance