Collateral Associate

Jefferies; Jersey City (NJ); On-site; USD 90,000 - 100,000; Full time

Benefits offered by this job

Medical coverage

Dental coverage

Vision coverage

401(k)

Life insurance

Disability insurance

Wellness programs

Paid time off

Paid holidays

Paid parental leave

Discretionary incentive

Retention bonus

Job summary

Jefferies is seeking a Collateral Associate in Jersey City to manage collateral processes for OTC swaps, repo, and TBA transactions. The role supports margins across CFTC/SEC bilateral non-cleared swaps and requires proficient use of collateral systems and market practices.

You will process daily collateral calls, coordinate with counterparties, and help ensure accurate reconciliation and liquidity management in a fast-paced environment.

Qualifications

• Strong understanding of collateral management operations and its application to CFTC/SEC bilateral non-cleared swaps.
• Experience with daily processing of OTC swap, repo and TBA collateral calls and confirmations.

Responsibilities

• Daily processing of OTC swap, repo and TBA collateral calls and confirmations.
• Initiate collateral transfer payments and receipts for liquidity management.
• Month-end collateral interest processing and portfolio reconciliation.

Skills

Collateral management operations

CFTC/SEC bilateral non-cleared swaps

ISDA Best Practices

Collaterial call processing

Financial systems (Smartstream TLM)

AcadiaSoft & TriOptima triResolve

Broadridge

Tools

Smartstream TLM Collateral

AcadiaSoft

TriOptima triResolve

Broadridge

Job description

Position: Collateral Associate

The Candidate For The Collateral Associate Position Must Exhibit a Strong Understanding Of Collateral Management Operations And Its Application To The CFTC And SEC Bilateral Non-Cleared Swap Transactions By Carrying Out Jefferies Policy And Procedures In Conjunction With ISDA Best Practices. The Collateral Management Team Is Responsible For The Margining Of The Following Business Streams:

• OTC Swaps (CFTC Covered, SEC Security Based Swaps and OTC Options)
• TBA-Covered Agency (Forward Settling transactions)

JOB DESCRIPTION

Jefferies OTC Collateral Management

The Candidate For The Collateral Associate Position Must Exhibit a Strong Understanding Of Collateral Management Operations And Its Application To The CFTC And SEC Bilateral Non-Cleared Swap Transactions By Carrying Out Jefferies Policy And Procedures In Conjunction With ISDA Best Practices. The Collateral Management Team Is Responsible For The Margining Of The Following Business Streams:

• Repo Finance
• OTC Swaps (CFTC Covered, SEC Security Based Swaps and OTC Options)
• TBA-Covered Agency (Forward Settling transactions)

The Collateral Associate Will Be Responsible For Daily Processing Of OTC Swap, Repo And TBA Collateral Call Issuance As Well As Confirming And Processing Of Anticipated Demands For Counterparty Collateral. In Addition, The Collateral Associate Will Initiate Collateral Transfer Payments And Receipts For Liquidity Management, Month-end Collateral Interest Processing, And Portfolio Reconciliation.

The Candidate Should Have Exposure And Understanding To The Following Derivatives Products:

• Foreign Exchange
• FX Options
• IR Swaps
• Credit Default Swaps (single name)
• Credit Default Index (CDX)
• Total Return Swaps
• Equity Swaps
• OTC Equity Options

Must be a team player able to work in a fast-paced environment and provide excellent service to internal and external customers; exposure to Smartstream TLM Collateral, AcadiaSoft, TriOptima triResolve, and Broadridge is a plus. Should exhibit excellent interpersonal and PC skills.

Primary Location: Jersey City Full Time Salary Range of $90,000-$100,000

ABOUT US

Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments.

At Jefferies, we are committed to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live.

As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply.

Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law.

We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws.

As part of this commitment, Jefferies will extend reasonable accommodation to individuals with disabilities, as required by applicable law.

The salary offered will take into consideration an individual’s experience level and qualifications.

In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part-time employees, who are scheduled to work at least 30 hours or more per week, including an annual discretionary incentive and retention bonus.

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages that include planned time off (e.g., vacation)
• paid time off packages that include unplanned time off (e.g., sick leave)
• paid time off packages that include paid holidays
• paid parental leave for full-time employees

Jefferies also offers paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full-time employees, paid parental leave.