Collateral Management

Confidential; Woodbridge Township (NJ); Hybrid; USD 52,348 - 58,616; Part time

Job summary

A leading financial services firm located in Woodbridge Township, New Jersey, is recruiting for a Collateral Management Consultant to oversee collateral exchanges and ensure accurate margin calls. This temporary position requires a Bachelor's degree and at least 2 years of related experience. Responsibilities include inspecting collateral calls, communicating with counterparties, and performing reconciliations. The job offers a hybrid work schedule and is expected to last 6-12 months.

Qualifications

• 2+ years Collateral Management experience.
• Experience with margin exchanges like MSFTA, MRA, and CSA.
• Familiar with ’40 Act margining.

Responsibilities

• Inspect collateral calls for accuracy before margin calls.
• Communicate with counterparties on collateral exchange.
• Prepare release authorizations for custodians.
• Perform reconciliations between custodians and the bank.

Skills

Collateral Management

Communication

Reconciliation

Education

Bachelor's degree in a business-related discipline

Tools

Acadiasoft Margin Manager

Agreement Manager

Job description

Recruiting for and managing top notch accounts

Base pay range

$38.00/hr - $42.55/hr

Collateral Management Consultant

End date: expected to last 6-12 months

Work Schedule: 5/10 days hybrid schedule, during training may be more

Job Description of Temp Position:

• Inspect system generated collateral calls for accuracy prior to making margin calls.
• Communicate directly with counterparties ensuring the proper collateral is being exchanged.
• Post and margin requirements across various triparty and third party custody platforms, and monitor settlement.
• Prepare release authorizations to various third party custodians.
• Investigate, document and elevate disputes and discrepancies.
• Settle month end collateral margin interest with counterparties.
• Perform reconciliations between custodians, counterparties and the bank.
• Other duties as assigned.

Experience:

• 2+ years Collateral Mgmt. experience.
• Experience with Acadiasoft Margin Manager, Agreement Manager.
• Experience with MSFTA, MRA, and CSA margin exchange.
• Familiar with ’40 Act margining.

Education Requirement: Bachelor's degree (four year degree) preferably in a business-related discipline (Finance, Economics, etc.).

Seniority level

Associate

Employment type

Temporary

Job function

Analyst

Industries

Banking and Financial Services