Collateral Management Middle Office

Job summary

Location: Montreal, Quebec The Collateral Middle Office is responsible for executing and monitoring margin calls and interest according to the parameters established in the contracts, with management systems varying between COMET/DRACCAR for derivatives and bond repos, APEX for bond lending/borrowing, and SFCM for equity lending/borrowing. It is also in charge of reconciling positions with counterparties, monitoring and escalating issues regarding counterparties with discrepancies or unusual counterparty behaviors, and executing and monitoring reporting, particularly MtM (Mark-to-Market) re…

Job details

Location: Montreal, Quebec The Collateral Middle Office is responsible for executing and monitoring margin calls and interest according to the parameters established in the contracts, with management systems varying between COMET/DRACCAR for derivatives and bond repos, APEX for bond lending/borrowing, and SFCM for equity lending/borrowing. It is also in charge of reconciling positions with counterparties, monitoring and escalating issues regarding counterparties with discrepancies or unusual counterparty behaviors, and executing and monitoring reporting, particularly MtM (Mark-to-Market) reports. Principales taches de l’équipe : 1) 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 in case of non-convergence with our standards • Ensure completeness of configurations through reconciliations between management systems and the legal database 2) Margin call management • Notification, confirmation and booking of margin calls in COMET for bond repos and OTC derivatives, in APEX for bond SLB and in SFCM for equity repos and SLB (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.) 3) 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 4) 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 5) Projects, processes and procedures • Participate in improvement projects in collaboration with Paris teams (including UAT) • Formalize and document the various processes 6) Transverse • 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 Management and Reporting: Reports to the Head of Collateral Team Key Internal Contacts Legal Department, Back/MO Office, Front Office, MaM, Risks, IT Teams. Key External Contacts Clients' collateral departments (Banks, Hedge Funds, Insurances, Corporates) SPECIAL ROLE REQUIREMENTS: Required : • Customer service orientation • Good communication skills (verbal/written) • Good knowledge of office tools (Word, Excel, VBA) • Proactivity • Organizational skills, methodical approach, rigor, priority management • Active listening skills and ability to step back • Strong knowledge of Collateral operations Desired : • Knowledge of Trioptima • Understanding of legal matters and Collateral contracts • Understanding of activities related to OTC derivatives/Repo/Securities lending and borrowing • Team spirit/ability to make proposals ESSENTIAL DESIRABLE Qualifications/Education Required: Bachelor Degree / BSc Degree or equivalent Experience Required: 6-10 years Specialist Training Required Approved Person Registration Competencies Required: English (French is a plus) Experience with collateral processes required. Understanding of Reconciliations preferred Skills & Knowledge Requirements Client Relationship management Strong Verbal and written communication skills Strong knowledge of Excel Any other relevant information Preferred: Understanding of Legal issues and legal documentations pertaining to Collateral Understanding of derivatives /repos equity activity Capacity to cooperate / ability to propose improvement

Listed skills

• management · Preferred
• Reporting · Preferred
• contracts · Preferred
• Apex · Preferred
• Microsoft Excel · Preferred
• analysis · Preferred
• Communication · Preferred
• Communication Skills · Preferred
• Teams · Preferred
• Time · Preferred
• Verbal · Preferred
• Audit · Preferred

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