AVP – Collateral Management

Join to apply for the AVP – Collateral Management role at The Citco Group Limited
JOB DESCRIPTION
The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.
About Citco
The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensly across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.
About The Team & Business Line
Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.
Responsibilities Manage a team whose role is ensuring that Middle Office Collateral deliverables are produced accurately and in accordance with risk management best practices
Monitoring client collateral margin requirements and reviews of static data including OTC, Cleared, ETD and UMR Documentation.
Oversee the UMR service offering
Manage both in-house collateral reconciliation process and use of 3rd party tools such Tri Optima & be an active participant in development efforts to improve the product offering.
Business lead on the roll out of a number of technology related projects pertaining to the collateral process.
Strong SWIFT experience with security transfer knowledge of MT527, 540 and 542
Regularly review the existing processes and seek and implement operational efficiencies wherever possible.
Experience with collateral vendor relationships is an advantage such as TriOptima, Acadia or Euroclear/BNY.
Establish, alongside other AVPs, direct report goals, prepare performance evaluations and succession plans.
Work with and develop strong relationships with multiple departments across the firm including our Center Of Excellence (COE), clients and counterparties to drive results and deliverables.
Work with clients in a professional manner to resolve any open issues.
Lead the roll out of new operational processes.
Ensure strong succession plans in place within the team.
Be the point of contact for your location and function, collaborating with respective leaders across the business to achieve collective goals.
Supporting the conversion/launches of any new clients.
Participate in operational due diligence reviews and client visits.
Participate in client pitches and demos as needed.
Strong presentation skills are an advantage
Provide both internal and external system training where required.
Ensure adherence to Global Best Practice Policy and provide ongoing leadership in all matters related to operational risk including incident resolution.
Co-ordinate internal SOC & audit requirements
Qualifications Min 5-6 years in Financial Services with strong background in collateral management
2+ years in a supervisory/manager role
Acadia – onboarding and daily usage experience
Tri-optima suite of applications – TriResolve, TriMargin, TriSettlements - onboarding and daily usage experience
Business lead on projects, particularly those related to regulatory changes such as UMR and collateral related technology projects.
Knowledge of the following collateral agreements: ISDA, Cleared, ETD, MRAs/ GMRAs (Global Repo Margin agreements) and UMR
Bachelor’s Degree in Accounting, Finance, Economics, or other quantitative subjects desirable.
Knowledge of Hedge and Mutual Funds.
Our Benefits Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.
We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.
Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.
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