Margin Associate
Margin Associate
Summary:
Credit & Risk group is looking for a Margin Associate who will play a substantial role in the issue and monitoring beginning and intra-day margin calls to clients and follow up as necessary.
This position requires a highly organized and analytical thinker who can quickly adapt to daily challenges and take on a variety of responsibilities in this relatively small but important department.
A successful candidate will be a mature self-starter who has demonstrated the ability to function independently in a fast- paced, dynamic and demanding environment.
Description
The Credit & Market Risk function exists to mitigate counterparty / institutional customers risk in the equity, options and fixed income markets. The group is also responsible for all margin-related processes. This involves reviewing the firm’s credit & risk exposure (Portfolio Margin / Prime Brokerage, Repo, or Securities Lending) on a daily basis.
Main duties of the role will include but not be limited to:
• Create risk reports for external distribution
• Issue and monitor beginning and intra-day margin calls.
• Monitor deposits at all central clearing counterparties (DTC, NSCC, OCC and FICC).
• Quantify potential impact on CCP deposits based on potential new transactions or new relationships.
• Responsible for reviewing and submitting wire requests for clients
• Identify issues and escalate to management.
• Review clients’ portfolios.
Qualifications:
• Bachelor's degree from an accredited traditional 4-year college/university, preferably in finance, mathematics or economics.
• Thoughtful, precise, clear and accurate written and oral communication skills.
• Strong Proficiency in Excel, Access to maintain, improve and develop reporting tools.
• Strong interest in client interaction and possess outstanding verbal and written communication skills
• Strong problem solving and analytical skills.
• Strong organizational skills.