Middle Office - Collateral OTC

Aptic Groupe; Île-de-France; On-site; EUR 60,000 - 90,000; Full time

Job summary

Aptic Groupe is seeking a Middle Office professional to strengthen our collateral operations for OTC and listed derivatives in the Île-de-France region. You will manage daily margin calls, perform reconciliations and resolve valuation differences in a fast-paced, international environment.

The role requires 2+ years in middle office or market operations with a focus on collateral management, strong Excel/VBA skills, and fluent English.

Qualifications

• Minimum 2 years in Middle Office or Market Operations with collateral focus.
• Strong analytical skills and ability to meet deadlines.
• Fluent English in daily written and spoken work.

Responsibilities

• Manage daily margin calls for OTC and listed derivatives.
• Reconcile positions and investigate valuation differences with counterparties.
• Apply ISDA/CSA and GMRA frameworks and onboard new agreements.

Skills

Collateral management

OTC derivatives

Data analysis

Communication

English proficiency

Education

Bachelor or Master in Finance/Economics

Tools

TriOptima

AcadiaSoft/MarginSphere

Bloomberg

Excel VBA

Job description

Our client, an international asset management firm, is looking to strengthen its middle office and is seeking a:

Middle Office – OTC Collateral – 18-month assignment

The role:

Operational collateral management:

• Daily flow management: calculate, issue and validate margin calls (initial margin and variation margin) for OTC and listed derivatives.
• Reconciliation & disputes: reconcile positions and portfolios (reconciliation portals, TriOptima/TriResolve); investigate and resolve valuation differences, coupon claims and cash breaks with counterparties.
• Contractual framework: apply and monitor collateral agreements (ISDA/CSA, GMRA); onboard new agreements and set up eligibility rules for posted assets.

Risk control & continuous improvement:

• Exposure monitoring: perform periodic counterparty risk exposure checks and feed activity KPIs and dashboards.
• Process optimisation: identify operational bottlenecks, propose automation (macros, internal tools) and contribute to flow redesign projects.
• Procedures: maintain and update operational documentation in line with internal and regulatory standards.

Cross-functional coordination & external relations:

• Key point of contact: liaise daily with portfolio management, trading, legal, compliance and IT teams.
• External ecosystem: manage interactions with custodians, fund administrators, clearing houses and market counterparties; elevate critical issues promptly.

Profile:

• Experience: Minimum 2 years' experience in Middle Office or Market Operations, must be focused on collateral management, OTC derivatives, etc.
• Personal qualities: analytical rigour, responsiveness to cut-off deadlines, autonomy and excellent communication skills to deal with demanding counterparties.
• Languages: fluent English essential (daily written and spoken use in an international environment).

Technical skills:

• Strong command of margin mechanics (VM / IM) and the related regulatory framework (EMIR, UMR).
• Solid understanding of financial master agreements (ISDA/CSA, GMRA).
• Hands-on experience with standard market platforms (TriOptima, AcadiaSoft/MarginSphere, Bloomberg, Middle Office suites).
• Proficiency in Excel (advanced functions; VBA a plus).