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  • Posted: Sep 6, 2021
    Deadline: Not specified
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  • Standard Bank Group is the largest African banking group by assets offering a full range of banking and related financial services. “Africa is our home, we drive her growth” Our vision is to be the leading financial services organisation in, for and across Africa, delivering exceptional client experiences and superior value. This sets the prim...
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    Manager, Collateral

    Job Purpose

    To effectively manage the daily margin/collateral requirements of Standard Bank as prescribed by the various collateral agreements (e.g. ISDA/CSA) signed with counterparties, for OTC trades. 

    The Collateral Management function currently supports the Global Markets business as well as those African Regions with whom there are SLA’s in place for the outsourcing of the collateral management function to SA.

     

    Key Responsibilities/Accountabilities

    Margin management and processing

    • Ensuring that all margin requirements are actioned: 
    • Generating margin calls, Producing delivery notices, Actioning settlements of margin calls. 
    • Resolving portfolio discrepancies & Dispute management. 
    • Generating and sending interest statements, settling interest. 
    • Resolving queries in a timely fashion

    Risk mitigation

    • Collateral management with a view to minimize credit and operational risks

    Change management

    • Ensure operational risks are avoided in successful implementation of Collateral related projects, such as process and system enhancements/automation and & regulatory reform.
    • Representation on relevant boards, meetings and engagements to ensure oversight of and correct decision making for and by GMO
    • Complete relevant testing and comfort to management to be able to sign off on new processes and system enhancements

    Stakeholder engagement

    • Foster effective working relationships with stakeholders who are involved in the margining & risk mitigation processes

     

    Preferred Qualification and Experience

    • Undergraduate degree in Financial/Accounting/Investment/Economics

    • Knowledge of Financial Services preferably within the Collateral Operations environment.

    • Experience in Global Markets and/or Operations, with Africa Regions experience advantageous

    • In-depth knowledge of Global Markets products 

    • Preferred: Relevant Financial Markets certification beneficial

     

    Job Function: Global Markets
    Job Family: Transaction and Account Processing
    Years: 1-2 Years

    Method of Application

    Interested and qualified? Go to Standard Bank Group on careers.peopleclick.eu.com to apply

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

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