Company Description:
AB is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world. AB employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies, and alternative investments, and, through its subsidiaries and joint ventures, operates in more than 20 countries. AB’s research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities. Through its integrated global platform, AB is well-positioned to tailor investment solutions for its clients. AB also offers independent research, portfolio strategy and brokerage-related services to institutional investors.
Group Description:
The Derivative Operations Department is responsible for the operational support front to back for OTC derivative instruments used across each of the Strategic Business Units globally. The group will perform middle office, valuation, collateral management, confirmation, reconciliation and settlement of this complex asset class in a team based fast paced atmosphere with opportunities to work closely with others throughout the group OPS Job Description: We are seeking a Nashville-based for a Collateral Management Operations Analyst to join our Derivative Operations department
Describe the role:
The Collateral Analyst is primarily responsible for supporting the collateral needs resulting from bilateral OTC, Cleared OTC, Exchange Traded, TBA/Pool trading working closely with our middle office, valuation and portfolio reconciliation teams while liaising daily with our counterparties. In their day to day responsibilities, the Collateral Analyst will be responsible for assessing if margin calls need to be issued or accepted, determine eligible assets to deliver as collateral and enter into collateral transactions with counterparties while minimizing operational risk. The Collateral Analyst will collaborate with both the front office and legal in the escalation and resolution of security encumbrance restrictions, agreement negotiation as well as with the technology team to support enhancements across applications. This position will report to the Head of the Derivative Operations department. In this role one should be familiar with various OTC derivative products, proficient with PC skills and be comfortable working in a fast paced environment.
Specific Responsibilities:
- Daily Reconciliation of assigned Agreements/Relationships
- Contact counterparts to agree on trade matches leveraging TriOptima
- Maintain eligibility criteria and customer account master static data as per terms of CSAs, clearing agreements, repo agreements
- Reconciliations of OTC MTM, Minimum Thresholds and resulting Collateral call
- Communicate with brokers and custodians to triage failed and pending trades
- Ad-hoc projects as needed
What makes this role unique or interesting (if applicable)?
You will have the opportunity to
Qualifications, Experience, Education:
This position requires:
- Bachelor's degree in finance, economics or relevant discipline.
- 1-3 years supporting middle office or collateral operations related to OTC and/or Listed Derivatives on the sell-side or buy-side is preferred, but not required
- Excellent communication skills - both written and verbal
- Proven Team orientation skills • General understanding of Risk & PnL
- Strong control focus - ability to understand and highlight operational risk
- A flexible proactive attitude towards work balanced with effective time management and prioritization skills
- Ability to contribute to the ongoing development of processes
- Proficiency of Microsoft Office Applications, specifically Excel
- Motivated, positive “can do” attitude
- Proven ability to learn quickly and adapt to change
- Prior experience using TriOptima, Calypso or AcadiaSoft is highly desirable
Special Knowledge (if applicable): Prior experience using TriOptima
Location: Pune, India
Pune, India
