Collateral Management Associate - Middle Office

Crédit Agricole Group; Montreal; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading financial institution is seeking a professional to support collateral booking and settlements. The role involves managing margin calls, performing reconciliations, and producing reports. Candidates should be proficient in relevant financial systems and possess strong analytical skills.

Qualifications

• Experience in margin call management and reconciliations.
• Familiarity with financial systems like GVC, COMET, and DRACCAR.

Responsibilities

• Manage margin call notifications and bookings.
• Reconcile portfolios and investigate discrepancies.
• Produce MTM Client reports for various time zones.

Skills

Margin call management

Reconciliation

Reporting

Project development

Tools

GV Collat

COMET

DRACCAR

Orchestrade

Murex FCO

Helix

Job description

The primary purpose of this position is to provide direct support for the booking and settlement of collaterals by being versed in the systems that support these operations. These systems include GV Collat/COMET/DRACCAR, as well as front office systems such as Orchestrade, Murex FCO, Helix, etc. Reconciliations of portfolios must be performed in case of discrepancies with the counterparty, and MTM reporting needs to be sent.

Main tasks of the team:

1. Margin call management
   • Margin call notification, confirmation, and booking (in GVC) for Repos and OTC derivatives (in Comet) (NY time zone)
   • Reconcile portfolios (Repo & Securities Lending) when discrepancies on margin call
   • Coordinate booking and payments/settlement with MOs and BOs
   • Follow unsettled collateral flows
   • Investigate accounting discrepancies
2. Control and reconciliations
   • Controls on margin calls: notices exchanged, amounts booked in GVC/Comet, stock reconciliation on repos margins
   • Follow up in TriOptima or manual reconciliations for collateralized and non-collateralized counterparties (EMIR) – OTC derivatives
   • Investigate significant MtM variations, with escalation if needed
   • Set up (creation or modification) of contracts in GVC/Draccar depending on agreement terms for repos and derivatives
   • Daily reporting on discrepancies and disputes
3. MtM Client
   • Produce MTM Client reports and reports for NY time zone counterparties (daily, weekly, or monthly)
   • Follow up on DFA daily marks (check, new reports)
   • Manage audit requests
4. Projects, processes, and procedures
   • Participate in project development with Paris (including UAT)
   • Maintain, improve, and develop activities
   • Formalize processes and document procedures
5. Transverse activities
   • Internal activity reporting (KPI, KRI) and external reporting to regulatory authorities and market surveys
   • Contribute to ePCC, incident reporting processes
   • Business development: provide input/analysis in the NAP, participate in UAT (system upgrades, new products)

Management and Reporting:

Reports to the Head of Collateral Team

Key Internal Contacts

Legal Department, Back/MO Office, Front Office, MaM, Risks, IT Teams

Key External Contacts

Clients' collateral departments (Banks, Hedge Funds, Insurances, Corporates)