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.