Collateral Analyst

Pontoon; City Of London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A global financial institution is seeking a detail-oriented Collateral Associate in London on a hybrid basis. The role involves managing margin calls, portfolio reconciliations, and ensuring compliance with EMIR and MiFIR regulations. Candidates should have previous collateral management experience and strong Excel skills. This position offers a competitive rate of £220 daily until March 2026 with potential for extension.

Qualifications

• Previous experience in collateral management or regulatory operations within banking or financial services.
• Strong understanding of CSA, GMRA, and ISDA documentation.
• Excellent communication skills.

Responsibilities

• Process daily CSA and GMRA margin calls and interest calculations.
• Administer EMIR portfolio reconciliations, including dispute resolution.
• Monitor Nostro accounts and resolve reconciliation breaks.

Skills

Collateral management experience

Regulatory operations understanding

Proficiency in Microsoft Excel

Knowledge of EMIR and MiFIR

User Acceptance Testing (UAT) experience

Stakeholder management skills

Detail-oriented

Job description

Overview

Location: London (Hybrid - 2/3 days onsite)

Rate: £220.00 per day (PAYE)

Contract: Until 31st March 2026 (potential for extension)

Division: Operations

Level: Associate

About the Role

SMBC is seeking a detail-oriented and proactive Collateral Associate to join our Operations team on a contract basis. This role is critical in ensuring the accurate and timely processing of margin calls, portfolio reconciliations, and compliance with EMIR and MiFIR regulations. You will work closely with internal and external stakeholders to support the bank's regulatory and operational requirements.

Key Responsibilities

• Process daily CSA and GMRA margin calls and interest calculations.
• Administer EMIR portfolio reconciliations, including dispute resolution and escalation.
• Liaise with Treasury to ensure funding and timely collateral delivery.
• Monitor Nostro accounts and resolve reconciliation breaks.
• Support User Acceptance Testing (UAT) for system upgrades and process improvements.
• Maintain and enhance desktop procedures and operational workflows.
• Ensure compliance with all relevant regulatory and contractual obligations.
• Collaborate with team members and stakeholders to deliver high-quality service.

Skills & Experience

• Previous experience in collateral management or regulatory operations within banking or financial services.
• Strong understanding of CSA, GMRA, and ISDA documentation.
• Hands-on knowledge of EMIR and MiFIR regulatory requirements.
• Proficiency in Microsoft Excel for data manipulation and reporting.
• Experience with User Acceptance Testing (UAT).
• Excellent communication and stakeholder management skills.
• Self-motivated, collaborative, and detail-oriented.

Working Pattern

Hybrid: 2-3 days onsite in London, remainder remote.

How to Apply

If you meet the above criteria and are interested in joining a global bank in a high-impact role, please confirm your interest and send your CV for consideration.