Our client is responsible for the process of managing and monitoring assets, on behalf of individual and corporate clients. They offers funds and mandates towards his clients. These funds & mandates are managed by Portfolio Managers, who are based in the different locations across the globe.
Global Operations Services (GOS) is responsible for handling and monitoring all services, in order that the Portfolio Managers are able to manage daily their portfolios.
The role of the different Position Keeping teams (Corporate Actions, Reconciliation & Control, Pricing Listed and OTC, Portfolio Processing Support and Collateral Management) within GOS is essential to ensure that valued positions are correctly reflected in the position keeping tools, meaning they should be accurate and in line with service providers and client expectations.
The mission of the Collateral Management Team is to contribute to Counterparty Risk monitoring by covering the exposures stemming from unsecured financial transactions according to the guidelines instructed by Legal and Risk.
This is done by a daily exchange of collateral (either in cash or securities) aiming for maximum collateralized exposure. The team needs to ensure correct margin calculation and on-time settlement.
More concretly, the team covers the collateral management process for managed funds and mandates and is responsible for:
- The margining process: The daily calculcation, matching and exchange of collateral with brokers. Any disputes stemming from the margin call matching are to be tackled with prioritization given to high level amounts and sensitive clients.
- Reconciliation: Ensure the internal collateral position keeping data is accurate and aligned with external parties by performing frequent reconciliations with Custodians and Fund accountants.
- Settlements: Control and trace of the collateral settlement status (cash & securities) to ensure timely settlement.
- Onboarding: Manage all portfolio lifecycle events (portfolio launches, mergers, terminations,…) impacting the collateral management set-up.
- Collateral Management Supporting Activities: Support other GOS teams and business lines such as the Front Office, Reporting Teams,…