VP, Global Collateral & Margin Operations (APAC), Singapore
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Singapore
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Posted: yesterday
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Singapore Collateral Operations provides collateral management support for Global Markets business to mitigate counterparty credit risk from transactions with our clients and counterparties based in APAC. The team covers a range of products including OTC Derivatives, Fixed Income, Exchange Traded Derivatives, and Prime Finance. The primary responsibility is to both issue and fulfill margin calls in a timely manner, up to and including settlement using the appropriate checks and controls to ensure the bank is correctly collateralised at all times. It is also the team's responsibility to assist clients with their enquiries while escalating any issues impacting accurate collateralisation to key stakeholders including risk, business and technology.
Responsibilities- Monitor and ensure margin settlements
- Process and settle cash and non-cash collaterals in an accurate and timely manner
- Monitor clients’ and affiliates exposure and process margin calls in a timely manner before settlement cut-off
- Liaise with clients and internal business partners to resolve issues
- Identify anomalies and ensure complete and timely issue resolution
- Perform management reporting
- Participate in technology enhancement initiatives, projects and UATs
- Maintain strong relationships with clients and internal business partners
- Handle audit requests
- Strong experience in Exchange Traded Derivatives, Client Service and Collateral Management
- Strong communication skills, risk and control mindset and leadership skills
- Independent and motivated to excel
- Experience in handling complex margin dispute and issue resolution
- Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
- Excels in working among diverse viewpoints to determine the best path forward
- Experience in connecting with a diverse set of clients to understand future business needs - is a continuous learner
- Commitment to challenging the status quo and promoting positive change.
- Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
- Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world
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Company nameBank of America
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Job positionVP, Global Collateral & Margin Operations (APAC)
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