Operations Associates (Collateral MgmtDerivativesTra desBanking (Montreal)

Operations Associates (Collateral MgmtDerivativesTra desBanking

URGENT Please read the job description below. If this interests you please send a MS-Word version copy of your updated resume (ASAP) along with your salary expectations first available date and a telephone contact number E-mail to ahsu(at)teamrecruiter.com Please put the job title as your subject line The recruiter in charge of this role is Ann AFTER you have submitted your resume via e-mail (when you have a moment) please apply online to match your resume to the job with following link s www.stafftrak.net ApplyOnline teamrecruiter.web tt JD& jobId 010416 If you do not think you are a match for this opportunity but know someone who is feel free to forward this email to them and you will be eligible for a referral bonus upon a successful hire. My client is well-established major bank situated in Toronto ON. They are looking for an Operations Associates (Collateral Mgmt Derivatives Trades Banking Exp) This is a 6 month contract position with a very strong possibility of extension. Group Collateral Management Group Derivatives and trades Capital Markets Day to day Monitoring trades fed through collateral system Issuing margin calls to the counterparties those owing BMO collateral Very specific margin deadlines tight timelines Responding to calls Processing collateral movements (i.e. cash securities) Settlements of collateral referring these to settlements analyst Heavy volume for margin calls Manual follow-ups operational steps (relaying information uploading into systems and relaying information to the external stakeholders Identifying the type of collateral and from which counterparty Preparing wire payment and GL entries The Associate Operations is responsible for ensuring that the terms of the collateral agreements that the Bank enters into in connection with its over-the-counter derivatives business are met. The role is also accountable for adhering to established controls producing required reports identifying process improvements and supporting new projects and taking a leadership role in CMG in respect of projects and other collateral management related matters. Accountable to provide business operational subject matter expertise (SME) and knowledge of day-to-day operations and collateral management related projects. Act as SME to translate business objectives into plans that can be implemented including process redesign to compliment the change management product support strategy for CMG. Project Delivery Act as the liaison and intermediary for the delivery of assigned change management initiatives ensuring business impacts and requirements for successful implementation of initiatives for CMG Operations Team are accurately and thoroughly defined and understood. Intake and Assessment Create maintain and advise on intake and assessment processes for new business projects and or policy changes initiated by the business unit and or internal business partners act as subject matter expertise (SME) on projects for matters related to intake and assessment. Implementation Management Support the implementation and maintenance of process and system changes to ensure CMG s business requirements are accurately defined business implications and impacts of initiatives to CMG and its related stakeholders are understood and leadership decisions regarding change initiatives are informed through a thorough and thoughtful analysis and recommendations. Ensure common application of standards and consistency of implementation in accordance with Bank standards and practices. Ensure the overall implementation of change (technological procedural process and organizational) is timely efficient aligned to CMG Operations Team s business priorities and consistent with the Bank s overall strategy. Define and document user requirements partnering with project teams as needed to create manuals training material or job aids. Facilitate and or participate in post-implementation activities. Desired Skills experience Preferred experience with collateral management operations Knowledge of OTC derivatives products Front middle office experience Financial institution Attention to detail is crucial Excel macros pivot tables v-lookup this is required Finance degree University degree college diploma or equivalent work experience 5 to 7 years of related work experience Solid Knowledge of ISDA CSA agreements Solid experience with collateral management processes Familiar with established process analysis and improvement tools Familiar with products operations and market practices as relates to collateral management Solid knowledge of testing strategies test plans and execution Solid knowledge of conversion parallel and implementation processes Strong knowledge of process and or project management Solid knowledge of standard desktop applications used by the business unit Solid knowledge and understanding of the business unit s key products and services processes and controls Solid understanding of the business unit s risk and regulatory requirements Solid knowledge of the business unit s transaction fulfillment procedures Solid knowledge of departmental systems and applications Solid understanding of internal business partner s business services and organization Please note that this is the most up to date version of job description available at this time During Client Interview you will receive additional information variance may apply When you have some time please register in our database (5 minute process) to be considered for future openings the link is available on our website at www.teamrecruiter.com in the Candidate section. 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