Collateral Management Associate - Middle Office

Job description

The primary purpose of this position is to provide direct support to the booking and settlement of collaterals by being versed in the systems that support these operations. These systems include GV Collat, COMET, DRACCAR, as well as front office systems such as Orchestrade, Murex FCO, Helix, and others. Reconciliations of portfolios have to be done in case of discrepancies with the counterparty and MTM reporting needs to be sent.

Main tasks

Margin call management

• Margin call notification, confirmation and booking in GVC for repos and in COMET for OTC derivatives in the New York time zone.
• Reconcile Repo and Securities Lending portfolios when there are discrepancies on margin calls.
• Coordinate booking and payments or settlement with Middle Offices and Back Offices.
• Follow unsettled collateral flows.
• Investigate accounting discrepancies.

Control and reconciliations

• Perform controls on margin calls, including notices exchanged, amounts booked in GVC or COMET, and stock reconciliation on repo margins.
• Follow up in TriOptima or perform manual reconciliations for collateralized and non-collateralized counterparties under EMIR for OTC derivatives.
• Investigate significant MTM variations and escalate when needed.
• Set up or modify contracts in GVC or DRACCAR according to agreement terms for repos and derivatives.
• Produce daily reports on discrepancies and disputes.

MTM Client

• Produce MTM client reporting and reports for New York time zone counterparties on a daily, weekly, or monthly basis.
• Follow up on DFA daily marks, including checks and new reports.
• Manage audit requests.

Projects, processes and procedures

• Participate in project development with Paris, including user acceptance testing.
• Maintain, improve, and develop the activity.
• Formalize processes and document procedures.

Transverse activities

• Report on activities internally through KPI and KRI reporting and externally to regulatory authorities and market surveys.
• Contribute to ePCC and incident reporting processes.
• Provide input and analysis in the NAP and participate in UAT for system upgrades and new products.

Management and reporting

Reports to the Head of Collateral Team.

Key internal contacts: Legal Department, Back/Middle Office, Front Office, MaM, Risks, and IT teams.

Key external contacts: Clients' collateral departments, including banks, hedge funds, insurers, and corporates.

Requirements

• Minimum level of study: Bachelor Degree, BSc Degree, or equivalent.
• Experience with collateral processes required.
• Understanding of reconciliations preferred.
• Minimum experience: 6–10 years.
• Client relationship management skills.
• Strong verbal and written communication skills.
• Strong knowledge of Excel.

About Crédit Agricole Corporate and Investment Bank

Crédit Agricole CIB is the corporate and investment bank of the Crédit Agricole group. It supports major companies and financial institutions in their development and project financing. The bank emphasizes responsible finance, collaboration, innovation, openness, diversity, and inclusion, with opportunities across more than 30 international locations.