Collateral Analyst

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VN-6949

Permanent

London

Competitive + Benefits + Bonus

21 January 2018

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To undertake all aspects of the Collateral margining process to ensure counterparty risk is effectively managed.  The role will involve liaising with various internal and external stakeholders covering OTC bi-lateral/Repo/OTC Cleared/ETD and Portfolio Reconciliations work streams.

  • Mitigate LGIM exposure risk through the daily collateral margin process across OTC bilateral, OTC Cleared, Repo and ETD.
  • Actively manage margin calls with counterparts and either formally agree or dispute in line with agreement timescales and the internal LGIM escalation procedure.
  • Book cash and stock collateral movements within Lombard Colline ensuring instructions are issued to the market in time to meet settlement deadlines.
  • Management of settlement fails for both cash and stock collateral movements by communicating with counterparts to achieve settlement in a timely manner.
  • Agree interest payments on cash positions with counterparts ensuring these are posted within Colline and internal accounting systems to ensure timely settlement.
  • Review TriResolve Trade and Collateral breaks
  • Establish strong relationships and work in conjunction with Investment Operations, Custodians, Brokers and Counterparts.
  • Contribute to developing the cross-regionally relationship between London and Chicago offices.
  • Challenge existing processes and look to make improvements to deliver efficiency savings and strengthen the control framework.
  • Ensure any changes/improvement to processes are recorded in the team procedures.
  • Contribute to the departments long term strategic initiatives and undertake testing when required

Essential

  • Strong understanding of:
  • Key Collateral operational processes e.g. settlements/reconciliation/margin workflow
  • OTC Derivatives / Repo products
  • Legal, Credit and Operational risks associated with Collateral
  • ISDA CSA (NY & English Law) and the 2001 ISDA Margin Provisions
  • GMRA Margin Provisions
  • Ability to work to strict deadlines
  • Proactive approach to work with a focus on improving processes and key controls
  • Good written and verbal communication skills
  • Team player who is flexible in their approach to work

 

Desirable

  • 2:1 Degree or equivalent.
  • Previous use of Lombard Colline/TLM/Quasar/Swift Alliance/TriResolve/Acadiasoft MarginSphere
  • Understanding of industry initiatives
  • Understanding of upcoming regulatory constraints

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, at least 22 days’ (with potential to rise to 25 days) holiday, performance related bonuses, a variety of share schemes, discounts at both a huge range of high street stores and our own great products, your hard work will be rewarded when you join us.

About L&G

LGIM is the investment management arm of Legal & General Group, a FTSE 100 company. We are one of Europe’s largest asset managers and a major global investor, with global assets of £894bn/U$1,105bn/ €1,047 billion*.  Our success comes from our focus on clients - providing them with services and solutions that meet their needs. We offer strategies across the full spectrum of asset classes, including equities, bonds, property, alternatives and cash, as well as multi-asset strategies tailored to the needs of institutional and retail investors.

LGIM is one of the world’s leading providers of index fund management. We are at the forefront of developments in liability-driven risk management solutions for defined benefit pension schemes, a leading provider of defined contribution solutions and also offer wide range of strategies to help our clients manage their investment objectives. LGIM continues to innovate as markets evolve, building strong relationships with clients including pension scheme, sovereign wealth funds, wealth managers and other professional investors.

We understand that our scale brings responsibilities. We play an active role in the companies we invest in, from exercising shareholder voting rights to directly engaging with companies at a board level. By engaging with businesses, we aim to unlock value for investors and shape the future and sustainability of financial markets.

In addition to having a leading position in the UK, we have selectively expanded into new markets across Europe, the Middle East, Asia and the US. We believe that translating our capabilities to reflect the needs of our international clients will mean we are well placed to help them achieve their objectives.

*as at 31 December 2016, including derivative positions and advisory assets. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor.

About the business area

Legal & General Investment Management (LGIM) is one of Europe’s largest institutional asset managers and a major global investor. And throughout the past 40 years we’ve built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions.

Back to search

About L&G

LGIM is the investment management arm of Legal & General Group, a FTSE 100 company. We are one of Europe’s largest asset managers and a major global investor, with global assets of £894bn/U$1,105bn/ €1,047 billion*.  Our success comes from our focus on clients - providing them with services and solutions that meet their needs. We offer strategies across the full spectrum of asset classes, including equities, bonds, property, alternatives and cash, as well as multi-asset strategies tailored to the needs of institutional and retail investors.

LGIM is one of the world’s leading providers of index fund management. We are at the forefront of developments in liability-driven risk management solutions for defined benefit pension schemes, a leading provider of defined contribution solutions and also offer wide range of strategies to help our clients manage their investment objectives. LGIM continues to innovate as markets evolve, building strong relationships with clients including pension scheme, sovereign wealth funds, wealth managers and other professional investors.

We understand that our scale brings responsibilities. We play an active role in the companies we invest in, from exercising shareholder voting rights to directly engaging with companies at a board level. By engaging with businesses, we aim to unlock value for investors and shape the future and sustainability of financial markets.

In addition to having a leading position in the UK, we have selectively expanded into new markets across Europe, the Middle East, Asia and the US. We believe that translating our capabilities to reflect the needs of our international clients will mean we are well placed to help them achieve their objectives.

*as at 31 December 2016, including derivative positions and advisory assets. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor.

About the business area

Legal & General Investment Management (LGIM) is one of Europe’s largest institutional asset managers and a major global investor. And throughout the past 40 years we’ve built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions.