Job Purpose
- To effectively manage the daily margin/collateral requirements of Standard Bank as prescribed by the various collateral agreements (e.g. ISDA/CSA) signed with counterparties, for OTC trades.
- The Collateral Management function currently supports the Global Markets business as well as those African Regions with whom there are SLA’s in place for the outsourcing of the collateral management function to SA.
Key Responsibilities/Accountabilities
Margin management and processing
- Ensuring that all margin requirements are actioned:
- Generating margin calls, Producing delivery notices, Actioning settlements of margin calls.
- Resolving portfolio discrepancies & Dispute management.
- Generating and sending interest statements, settling interest.
- Resolving queries in a timely fashion
Risk mitigation
- Collateral management with a view to minimize credit and operational risks.
Change management
- Ensure operational risks are avoided in successful implementation of Collateral related projects, such as process and system enhancements/automation and & regulatory reform.
- Representation on relevant boards, meetings and engagements to ensure oversight of and correct decision making for and by GMO
- Complete relevant testing and comfort to management to be able to sign off on new processes and system enhancements.
Stakeholder engagement
Foster effective working relationships with stakeholders who are involved in the margining & risk mitigation processes.
Minimum Qualification and Experience
Qualifications
- Minimum qualification 1 Undergraduate degree in Financial/Accounting/Investment/Economics
- Knowledge of Financial Services preferably within the Collateral Operations environment.
- Experience in Global Markets and/or Operations, with Africa Regions experience advantageous
- In-depth knowledge of Global Markets products
Preferred qualification 1 Relevant Financial Markets certification beneficial
Experience
- Experience required 1 Job Function: Global Markets
- Job Family: Transaction and Account Processing
- Years: 1-2 Years
Experience preferred 1 Job Function: Risk Management
