Collateral Management Associate - Middle Office

Crédit Agricole CIB; Montreal (administrative region); On-site; CAD 70,000 - 90,000; Full time

Job summary

Crédit Agricole CIB in Montreal is seeking a collateral operations professional to support margin calls, bookings, and reconciliations for repos and OTC derivatives. The role covers margin call management, reporting, and daily control activities across global systems.

Key responsibilities include MTM reporting for NY time zone counterparties, investigation of discrepancies, and collaboration with Front/MO/Back offices.

Qualifications

• Experience with margin call management and settlements.
• Familiarity with margin systems (collateralized/OTC).
• Ability to produce MTM reporting and handle audit requests.

Responsibilities

• Margin call management: notify, confirm and book in GVC for repos and OTC derivatives (NY time).
• Reconcile portfolios and resolve discrepancies; coordinate bookings/payments with MOs and BOs.
• Produce MTM Client reporting for NY time zone counterparties; manage DFA marks.
• Participate in projects with Paris, document procedures and improve processes.
• Handle internal and external reporting, KPIs, and regulatory submissions.

Skills

Attention to detail

Analytical thinking

Cross-functional collaboration

Time management

Education

Bachelor's degree in finance or related field

Tools

GV Collat

COMET

DRACCAR

Orchestrade

Murex FCO

Helix

Job description

The primary purpose of this position is to provide direct support to 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 (Orchestrade, Murex FCO, Helix, etc). Reconciliations of portfolios have to be done in case of discrepancies with the counterparty and MTM reporting need to be sent.

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
• Coordination of booking and payments/settlement with MOs and BOs.
• Follow unsettled collateral flows
• Investigate on 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-
• Investigation on significant MtM variations, with escalation process if needed
• Set up (creation or modification) of contracts in GVC/Draccar depending on agreement terms for repos and derivatives
• Daily Reportings on discrepancies and disputes

3) MtM Client

• Producing MTM Client reporting and reports for NY time zone counterparties (daily, weekly or monthly reports)
• Follow up of DFA daily marks (check, new reports)
• Management of audit requests

4) Projects, process and procedures

• Participate to projects development with Paris (including UAT)
• Maintain, improve, develop activity
• Formalizing processes and documenting procedures

6) Transverse

• Activity reporting (internal - KPI, KRI - and external - to regulatory authorities/Market surveys)
• Contribution 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)