Collateral Management Middle Office Associate

Crédit Agricole SA; New York (NY); On-site; USD 70,000 - 90,000; Full time

Job summary

Crédit Agricole SA in New York is seeking an individual for the Collateral Middle Office team. The role focuses on executing and monitoring margin calls while managing the lifecycle of collateral contracts. Candidates will be responsible for reconciliation and analysis, requiring strong skills in financial markets and collateral management.

This permanent contract role offers opportunities to work on improvement projects and liaise with various internal departments including Legal and IT. Ideal candidates should be detail-oriented and capable of managing complex financial operations.

Qualifications

• Experience in collateral management and margin call processes.
• Familiarity with financial markets and derivatives.
• Strong analytical and communication skills.

Responsibilities

• Execute and monitor margin calls based on contracts.
• Manage collateral contracts through their lifecycle.
• Perform reconciliations and reporting for margin calls.

Job description

Business type

Types of Jobs - Operations

Contract type

Permanent Contract

Job summary

The Collateral Middle Office is responsible for executing and monitoring margin calls and interest according to the parameters established in the contracts. Responsibilities include configuring collateral contracts, managing the collateral contract lifecycle, executing margin calls, reconciling positions, reporting MtM, and participating in improvement projects.

• Capture of collateral contract terms
  • Configuration of collateral contracts in management tools
  • Management of the collateral contract lifecycle (amendments, closures, modifications, etc.)
  • Participation in collateral contract negotiations when non‑convergence with standards
  • Ensure completeness of configurations through reconciliations between management systems and the legal database
• Margin call management
  • Notification, confirmation and booking of margin calls in COMET, APEX and SFCM (NY time zone)
  • Contact with Front Office to borrow securities posted as collateral
  • Coordination with BO payment teams for margin call settlements
  • Analysis, monitoring and resolution of payment suspense items (cash and securities)
  • Analysis of collateral balances
  • Coverage of non‑standard collateral operations (Secured Deposits, Secured Notes, Secured Loans, etc.)
• Controls and reconciliations
  • Margin call controls: notifications sent, amounts booked in the tools
  • Margin call reconciliation
  • Implementation of regulatory reconciliations in management tools for uncleared OTC derivatives (COMET/Trioptima)
  • Execution of portfolio reconciliations in Trioptima and Excel (regulatory and in case of margin call disputes)
  • Investigation of significant MtM variations and breaks identified in reconciliations (MtM or inventory discrepancies)
  • Daily reporting and monitoring of discrepancies and disputes detected
• MtM Reporting
  • Sending of MtM reports for NY time zone clients (Daily, weekly or monthly)
  • Monitoring of DFA daily marks operations/clients
  • Management of audit requests on market operations
• Projects, processes and procedures
  • Participate in improvement projects in collaboration with Paris teams (including UAT)
  • Formalise and document the various processes
• Transverse activities
  • Reporting activities (Internal KPI, KRI – external to regulatory authorities/Market surveys)
  • Incident reporting process
  • Business development: provide opinions/analyses on NAPs, participate in UATs (system upgrades, new products, etc.)
  • Management of requests received from clients/other CACIB departments and escalation of any atypical request/situation

Key internal contacts

• Legal Department
• Back/MO Office
• Front Office
• MaM
• Risks
• IT Teams

Sal