Collateral Settlements Analyst

Job Description :

• Ensure daily Cash collateral movements are captured on time and accurately within payment systems.
• Fix accounting errors of cash collateral posted.
• Ensure month-end interest reconciliations are completed and items escalated as required.
• Act as a first line of defense to the trading business, ensuring accurate books and records are maintained while providing a seamless client experience.
• Provide extended coverage during absence of team members ( vacation)
• Collateral Payments
• Open new accounts for cash collateral including SSI’s setup and verification.
• Escalate all issues as per agreed terms and standing orders.
• Monthly interest settlements and reconciliation.
• Account setup for cash collateral by verifying SSI’s and performing callbacks.
• Coupon payment and custody fee payments.
• Responding to inquiries on a timely basis
• Operational Controls
• Operational onboarding of new and / or existing counterparties for applications and services related to the collateral management process.
• Reconciliation of internal books and processing necessary correction entries.
• Perform portfolio and collateral reconciliations with counterparties.
• Ensuring client data is accurately maintained in collateral management system and other documents as required.
• Report Weekly fails and breaks to management.

Ideally-have :

Nice-to-have :

Mindlance is an equal-opportunity employer. We are committed to inclusive, equitable, barrier-free recruitment and selection processes, and a work environment in accordance with the Accessibility for Ontarians with Disabilities Act (AODA). We will be happy to work with applicants requesting accommodation at any stage of the hiring process.