Collateral margin specialist from The Bachrach Group

Overall Summary of the Job:

Margin Specialist Clearing Operations.  Support margin settlements with clients for both Futures and OTC Clearing.

Primary Responsibilities 

Provide support to Futures Operations.  Responsibilities include the following:

• Manage daily margin calls to clearing organizations 
• Research and resolve breaks facing banks, custodians and clearing orgs.
• Coordinate collateral allocation between clients and CCP’s and various custodial locations
• Review margin calls to end clients. Book client settlements, transfers, journals, foreign exchange transactions.
• Ensure margin calls are met promptly and in accordance with all rules and regulations.
• Run exception reports such as the aged margin, Residual interest calc, concentration calculation and Remaining margin
• Book manual cash payments. 

Requirements:

•  3+ years experience within Clearing operations / Futures
• Strong understanding of process, products, exchanges and rules covering cleared swaps and Futures.
• Proficiency with Microsoft Excel, Microsoft Word, and Microsoft PowerPoint
• Experience with back office vendor platforms such as GMI, XTP, R&N, Calypso etc.