Role Description

Complete day-to-day trade processes and activities related to collateral, ensuring that client's margin calculations and position reconciliations are performed and posted accurately. Process advances, collections and collateral updates. Monitor complex asset loans. Perform reviews of trade activity, bookings and associated risk factors.

Role Objectives: Delivery

Accurate and efficient processing of security loans, repayments and collateral messages as part of the Security Lending and Collateral Management. Work closely with the Repo trading desk to project collateral position intraday ensuring appropriate collateral for triparty allocations. Set-up agreement terms regarding collateral in credit systems for ongoing compliance monitoring. Manage requests for intraday transactions and approve if collateral position and/or covenant compliance is adequate. Manage requests for intraday transactions and approve if collateral position adequate. Reconcile and report on internal and external data (custodian, collateral vendors, servicers' reporting) Monitor collateral daily and identify non-compliant scenarios.

Role Objectives: Interpersonal

Strong organizational and multitasking skills, attention to detail, and ability to work independently.

Role Objectives: Expertise

Proficient in advanced algebraic calculations. Familiarity with financial processes across ML sales support screens. Understanding of the Securities Industry and the various internal and external rules and regulations affecting the industry and department (e.g., Regulation T, New York Stock Exchange, Firm policies and procedures and margin and option rules and regulations.)

Qualifications and Skills

Recommended years of experience: 3

Additional Requirements