Citi Open Collateral Operations - AVP in Singapore, Singapore
Primary Location: Singapore,Singapore,Singapore
Education: Bachelor's Degree
Job Function: Operations
Shift: Day Job
Employee Status: Regular
Travel Time: No
Job ID: 17055650
Descriptive Job Title: Collateral Management
C Level: C12
Officer Title: AVP
- Collateral Management Operations in Singapore performs a service of risk management on behalf of our clients. This typically includes performing collateral management on the back of OTC Derivatives trades between our clients and their counterparties. Once operations are aware of the total exposure positions each day, we subsequently contact each respective counterparty in the form of a “margin call”, depending on whether the particular exposure is in our clients’ favor. Once margin call is confirmed with the counterparty we proceed and agree to book either cash or securities as collateral to cover our exposure
Daily processing for ISDA and Repo collateral programs
Processing of daily mark-to-market of trades and collaterals
Execution of margin calls
Execution of collateral asset movements
Control of collateral positions and corporate action processing
Communicate with counterparties, clients, custodians
Provide guidance and coaching to the Assistant Managers in more complex or unusual situations
Provide Training and Coaching to partners in GPC when transferring new functions
Adherence to key processes and control requirement
Investigate and reconcile for discrepancies with counterparties valuations
Improvement of daily processing to increase efficiency
Participation in the implementation of strategic projects and user acceptance testing
3-5 years experience of Collateral Management.
Work directly with clients to identify and deliver solutions to their requirements
Collaborate with other departments to ensure a smooth and efficient onboarding experience for new clients
Ability to communicate enhancement and changes to processes/platforms with partners in IT and work to drive change
Be able to work independently and able to deliver under time constraints
Ability to identify possible risk and escalate when necessary
Excellent written and verbal communication skills
Ability to organize workload to meet various settlement cut off times.
Willingness to work long hours where justified, meeting workloads.
Effective Team player.
PC literate. MS Word, Excel, PowerPoint.
Ability to put forward constructive feedback on cases and issues