Collateral Management Associate

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

Job summary

Jefferies in Jersey City is seeking a Collateral Associate to support daily collateral operations across OTC Swaps, repos and TBA. You will process collateral calls, confirm anticipated Demands, and initiate transfer payments for liquidity management. Exposure to Smartstream TLM, AcadiaSoft, TriOptima triResolve, and Broadridge is a plus. Strong team player with good interpersonal skills required.

Location is Jersey City with a salary range of $90,000–$100,000 per year.

Qualifications

• Prior experience in collateral management operations is required.
• Familiarity with CFTC/SEC bilateral non-cleared swaps is preferred.
• Strong analytical and interpersonal skills are essential.

Responsibilities

• Daily processing of OTC Swap, Repo and TBA Collateral Calls.
• Confirming and processing Anticipated Demands for Counterparty Collateral.
• Initiating collateral transfer payments and receipts for Liquidity Management.
• Month-end Collateral Interest processing and portfolio reconciliation.

Skills

Collateral management

CFTC/SEC knowledge

Analytical skills

Team player

PC skills

Tools

Smartstream TLM Collateral

AcadiaSoft

TriOptima triResolve

Broadridge

Job description

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)

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:

• 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.

Location: Jersey City Salary Range: $90,000-$100,000