Collateral Specialist - Operations - Fixed Income Investment Management

Miryco Consultants Ltd; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

Miryco Consultants Ltd is looking for a Collateral Specialist to join their Investment Operations team in London. The role involves managing daily collateral processes, ensuring compliance with agreements, and supporting operational activities.

The ideal candidate will have over three years of experience in asset operations and collateral management, a strong academic background, and proficiency in Excel. You will contribute to process improvements and work closely with various teams.

Qualifications

• 3 years plus experience in asset operations, collateral management, or a related middle-office role.
• Good understanding of collateral mechanics, margining, and operational risk.
• High attention to detail with a strong control mindset.

Responsibilities

• Manage daily collateral processes.
• Perform collateral eligibility and valuation checks.
• Monitor and resolve margin disputes with counterparties.

Skills

Collateral management

Asset operations

Excel proficiency

Operational risk understanding

Education

Strong academic background from a leading university

Tools

Operational systems

Job description

Miryco Consultants are working with a leading fixed income asset manager to add a Collateral Specialist to their Investment Operations team. You should have experience supporting the full lifecycle of trading events as well as collateral processes.

Responsibilities

• Manage daily collateral processes including margin calls, settlements, substitutions, and returns
• Perform collateral eligibility, valuation, concentration, and haircut checks
• Monitor and resolve margin disputes with counterparties and clearing brokers
• Ensure compliance with collateral agreements (CSAs, GMRAs, GMSLAs) and internal policies
• Reconcile collateral balances and investigate breaks in a timely manner
• Liaise with custodians, tri-party agents, and counterparties to resolve operational issues
• Support collateral-related reporting to Risk, Treasury, and senior management
• Maintain robust controls, documentation, and audit trails across collateral activities
• Support the operational lifecycle of investment trades from execution through settlement
• Coordinate with front office, Risk, Finance, and external service providers on asset servicing matters
• Oversee post-trade processes including confirmations, settlements, and reconciliations
• Monitor and resolve operational breaks and exceptions across asset classes
• Support NAV, cash, and position reconciliations where required
• Assist with regulatory, audit, and internal control reviews
• Contribute to process improvements, automation initiatives, and operating model enhancements

Experience

• 3 years plus experience in asset operations, collateral management, or a related middle-office role
• Strong academic background from a leading university
• Good understanding of collateral mechanics, margining, and operational risk
• High attention to detail with a strong control mindset
• Proficient with Excel and operational systems; familiarity with custodians or tri-party agents is beneficial

Location

London, 4/1