Associate, Collateral

1 month ago


London, United Kingdom Commonwealth Bank Full time

**About us**:
Institutional Banking and Markets (IB&M) is responsible for managing the Group’s relationships with major corporate and government clients and institutional investors, and provides a full range of capital raising, transactional and risk management products and services.

Our purpose is to build Australia’s future economy. IB&M also performs an important internal role for the Group by providing global markets, trade finance, corporate and institutional lending to other CBA business units that allows them to capture opportunities with business and retail customers.

Market Operations is a Global team of 400 Operations Professionals who support our Financial Markets, CommSec, Trade Finance & Treasury businesses globally. Functions performed are trade confirmation, settlement, reconciliation, and client data capture/maintenance, corporate actions across FX, Fixed Income, Rates, Commodities, Derivatives and Equities.

Market Operations also provides Middle and Back Office services including Collateral Management, Regulatory Reporting, Client Reference Data maintenance, Client Onboarding, KYC Refresh, Account Origination, Client Case Management, Estate Management, International Loan Administration & Operations, Trade Support and Confirmation services.

**Picture yourself in the team**:
Reporting into the Manager, Lifecycle Management within Market Operations, the main function of this role is to be part of the team responsible for the Collateral Management and Margining, Portfolio Reconciliations and OTC Reporting under the various regulatory frameworks, covering global OTC derivatives, Repo, FX and Commodities.

This position is on a 12 months fixed term contract (FTC).

**Do work that matters**:
Your main responsibilities will include but are not limited to:

- Daily margining of counterparties for the CBA group;
- Monitoring counterparty exposures and collateral to be received or posted;
- Management of Portfolio Reconciliations under the various regulations - DF, EMIR;
- Contributes to the preparation of daily, weekly & monthly statistics;
- Roll Out various new Regulatory & Business requirements - IM, Seg VM, MarginSphere;
- A strong understanding of controls and daily reconciliations, ensuring all exceptions are followed up/resolved/escalated in a timely manner with adequate audit trails.

**We are interested in hearing from you if you have**:

- At least 2 to 3 years experience in Collateral Management (including repo products) and Derivative product;
- Tertiary qualifications in a finance discipline desirable;
- Comfortable with change & be a self-starter;
- Good communication and stakeholder management skills.

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Advertising End Date: 01/06/2024



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