Junior Collateral Analyst

Pontoon; London; Hybrid; GBP 125,000 - 150,000; Full time

Job summary

A leading global bank is seeking a detail-oriented Collateral Associate to join its Operations team on a contract basis in London. The role involves processing margin calls, portfolio reconciliations, and ensuring compliance with EMIR and MiFIR regulations. Ideal candidates will have experience in collateral management, strong Excel skills, and excellent communication abilities. This position offers a hybrid work model, requiring 2-3 days onsite in London.

Qualifications

• Previous experience in collateral management or regulatory operations.
• Strong understanding of CSA, GMRA, and ISDA documentation.
• Hands-on knowledge of EMIR and MiFIR regulatory requirements.
• Excellent communication and stakeholder management skills.

Responsibilities

• Process daily CSA and GMRA margin calls and interest calculations.
• Administer EMIR portfolio reconciliations and dispute resolution.
• Liaise with Treasury for funding and collateral delivery.
• Monitor Nostro accounts and resolve reconciliation breaks.
• Support User Acceptance Testing for system upgrades.

Skills

Collateral management experience

Understanding of CSA, GMRA, and ISDA documentation

Knowledge of EMIR and MiFIR regulations

Proficiency in Microsoft Excel

Experience with User Acceptance Testing

Strong communication skills

Stakeholder management

Self-motivated and 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

Ideal for graduates or early careers banking professionals/associates

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.

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.

Qualifications

• 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.