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 manage daily collateral operations for OTC swaps, repos, and TBA transactions. You will ensure timely collateral calls, confirm anticipated demands, and handle transfers and portfolio reconciliations in a fast-paced environment.

The role requires strong interpersonal skills, a customer-service mindset, and familiarity with collateral tools such as Smartstream TLM Collateral, AcadiaSoft, TriOptima triResolve, and Broadridge.

Qualifications

• Understanding of Collateral Management Operations and its application to CFTC/SEC bilateral Non-Cleared Swap transactions.
• Experience with OTC Swaps and TBA-Covered Agency transactions.
• Excellence in service delivery to internal and external customers.

Responsibilities

• Daily processing of OTC Swap, Repo and TBA Collateral Call issuance.
• Confirming and processing Anticipated Demands for Counterparty Collateral.
• Initiate collateral transfer payments and receipts for Liquidity Management.
• Process month-end Collateral Interest.
• Portfolio reconciliation.

Skills

Collateral management

Policy compliance

ISDA standards

Interpersonal skills

Customer service

Team player

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