Collateral Specialist at RMB - Rand Merchant Bank

Job Description

• The OTC Collateral Analyst is responsible for daily collateral management across the bank’s OTC derivative portfolios, ensuring effective mitigation of counterparty credit risk. The role supports the bank’s risk management framework by validating exposure calculations, executing margin calls, managing collateral settlements, resolving disputes, and ensuring compliance with regulatory requirements such as ODP Regulations and The Joint Standard on margin requirements for non-centrally cleared OTC derivatives (UMR).
• This role operates within a highly controlled banking environment, requiring strong adherence to operational risk frameworks, governance standards, and audit requirements.

Are You Someone Who Can

Daily Margin & Exposure Management

• Perform daily exposure calculations across OTC derivative positions (Rates, FX, Credit, Commodities, Equity Derivatives).
• Issue and respond to Variation Margin (VM) and Initial Margin (IM) calls within required cut-off times.
• Reconcile collateral balances between internal systems, counterparties, clearing brokers, and custodians.
• Monitor settlement statuses and ensure timely movement of collateral (cash and non-cash).

Dispute & Break Management

• Investigate valuation discrepancies and disputes using pricing models, internal valuation tools, and market data.
• Coordinate with Front Office, Risk, Valuations, and Finance teams to resolve exposure breaks.
• Escalate unresolved or aged disputes per bank policy.

Collateral Eligibility & Optimization

• Ensure collateral posted/received complies with CSA terms, eligibility schedules, concentration limits, and regulatory rules.
• Perform collateral substitutions and optimize collateral usage to support BRM (Business Resource Management) funding objectives.

Regulatory Compliance & Controls

• Operate within the bank’s regulatory framework: ODP Regulations, Joint Standards on Margin Requirements (UMR), Basel III,
• Maintain evidence and audit trails for all collateral and margin activities.
• Support regulatory reporting requirements (e.g., ODP, UMR IM calculations).
• Adhere to internal controls, segregation of duties, and compliance standards.

Operational Risk Management

• Ensure all activities comply with the bank’s Operational Risk Management Framework.
• Identify, record, and escalate operational incidents and near misses.
• Perform daily control checks, such as:
• Exposure reasonability checks
• MTM validation controls
• Margin call timeliness metrics
• Collateral reconciliation exceptions

Reporting & Stakeholder Management

• Produce daily and monthly collateral reports for Risk, Head of Operations, BRM, and Compliance.
• Support audit reviews, internal governance committees, and management reporting.
• Engage with external counterparties, custodians, and clearing brokers in a professional and compliant manner.

Process Enhancement & Change Initiatives

• Contribute to system enhancements, workflow improvements, and automation initiatives.
• Participate in UAT, project rollouts, or regulatory change programmes impacting collateral operations.

You Will Be An Ideal Candidate If You Have:

2–5 years of experience in a bank or financial institution within:

• Collateral Management
• OTC Derivatives Operations
• Middle Office
• Risk or Treasury collateral functions
• Experience dealing with counterparties and custodians in a high-control environment.
• Previous exposure to UMR or regulatory margin reforms is highly beneficial.
• Detailed understanding of OTC derivative products and valuation concepts.
• Strong knowledge of ISDA/CSA and GMRA collateral documentation.
• Understanding of UMR IM (SIMM or Grid), VM rules, and global margin regulations.
• Experience with collateral systems such as:
• TriOptima / TriResolve
• Acadia / AcadiaSoft
• Murex
• Strong Excel capability (VLOOKUP, pivot tables, analytics).

Deadline:14th February,2026