Collateral Management (UK)

Verition Fund Management LLC; London; On-site; GBP 55,000 - 85,000; Full time

Job summary

An established industry player is seeking a skilled professional in Collateral Management. This role involves managing daily margin calls, overseeing reconciliation processes, and ensuring accuracy in portfolio data. Candidates should have a solid background in collateral management operations and a strong understanding of relevant regulations. The position offers a dynamic work environment where analytical skills and the ability to work under pressure are essential. Join a forward-thinking firm and contribute to innovative financial strategies in a fast-paced setting.

Qualifications

• Experience in Collateral Management Operations across various financial products.
• Strong understanding of CSA agreements and ISDA conventions.

Responsibilities

• Manage daily margin calls and resolve exposure discrepancies.
• Oversee reconciliation processes and maintain strong client relationships.

Skills

Collateral Management Operations

Bilateral OTC Derivatives

Credit Support Annex (CSA) agreements

Analytical skills

Tools

TriResolve

Acadiasoft

Job description

Verition Fund Management LLC ("Verition") is a multi-strategy, multi-manager hedge fund founded in 2008. Verition focuses on global investment strategies including Global Credit, Global Convertible, Volatility & Capital Structure Arbitrage, Event-Driven Investing, Equity Long/Short & Capital Markets Trading, and Global Quantitative Trading.

Job Title: Collateral Management (UK)

Key Responsibilities:

• Manage and process daily margin calls for all accounts.
• Monitor and resolve exposure discrepancies and disputes with counterparties.
• Oversee reconciliation processes, ensuring accuracy of portfolio data and valuations.
• Escalate significant discrepancies to appropriate internal stakeholders.
• Maintain strong working relationships with clients, internal operations, and technology teams.
• Establish and enforce operational controls related to margin call processes (notices, bookings, reconciliations, valuations).
• Conduct regular reviews of portfolio differences and take ownership of resolving exceptions.

Requirements:

• Background in Collateral Management Operations across: Bilateral OTC Derivatives, Cleared Swaps, ABS/MBS, FX Products, Exchange Traded Derivatives (ETDs), TBAs and Repos.
• Strong understanding of Credit Support Annex (CSA) agreements, ISDA conventions, and relevant regulatory requirements.
• Hands-on experience using tools such as TriResolve, Acadiasoft, or comparable platforms.
• Strong analytical mindset with a track record of solving operational and reconciliation challenges.
• Ability to work under pressure and in a fast-paced environment.

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