Securities Lending Supervisory

Securities lending, Margin call management, processing management, Relationship Management, Trading Management, cash collateral, RMs
Full Time
Depends on Experience

Job Description

PETADATA is looking for a  Securities Lending Supervisory, to work with one of our financial clients.
 
Job Location: Boston
 
Work:  C2C
 
Type: Remote
 
Duration: Long-term
Experience: 12+ years of experience required.
 
Job Description:
 
Collateral Management,
  1. Securities lending life cycle - contract initiation, execution, maturity/termination /extension
  2. Margin call management, exposure figures recon with borrowers and resolving breaks
  3. Corporate action entitlement and demand processing
  4. Past due processing management and follow up with Borrowers, Traders and RMs
  5. Does not contribute to automation or transformation of any process
  6.  

The Ops Specialist – Scl Settlements and Marks Team is responsible for the accurate settlement of lending activity in conjunction with the proper receipt and delivery of cash collateral to our borrowers. The team is responsible for daily mark to market and associated margin calls to our borrowers. The group uses industry automation and best practices to ensure timely break management. The group works closely with Trading to ensure the successful delivery of securities to our borrowers.

 

Under the supervision of the Settlements and Marks Supervisor, the Settlements and Marks Specialist will work closely with internal and external groups including Trading, Relationship Management, Trade Processing, Corporate Actions, BBH Clients and Borrowers. The candidate will be able to prioritize work with competing deadlines, have an understanding of global markets and adapt to changing market regulations and client parameters. 

 

Area of Responsibility

 

Key Activities/Elements

  1. Quality Assurance/Control
  • Ensure timely settlement of trades in various markets with various custodians.
  • Maintain proper level of cash collateral for all outstanding loans
  • Ensure time posting of corporate action entitlements
  • Follow up on outstanding items with borrowers, traders and RMs
  • Escalate past due items to supervisor
  • Manage handoff of open London activity daily and ensure timely completion
  • Cross train and cover other desks within lending operations as required

 

  1. Transaction Process
  • Process daily margin calls with our borrowers.
  • Agree exposure figures daily with borrowers and resolve any breaks
  • Work with borrowers to increase automation

 

  1. Process Improvements
  • Identify opportunities for process changes that result in productivity enhancements or risk reduction
  • Work with supervisor and technology to develop and implement workflow changes to improve processing efficiency
  • Stay up-to-date with evolving industry and regulatory changes impacting the business

 

Dice Id : 90751012
Position Id : 7538292
Originally Posted : 2 months ago
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