Location: Manchester, this is a hybrid position, working 2 days
per week in the office
Number of positions: 5
Application Process:
- Apply online
- Complete online aptitude test
- Interview with recruiter
- Interview with hiring manager
Collateral Operations Group Overview and Team Functions
The Collateral Operations group is a global team within the Global
Operations & Technology division is responsible for supporting our
clients’ collateral, portfolio reconciliations and dispute management
processes. Our clients include many of the premier pension funds, mutual
funds, hedge funds, endowments and other financial institutions that use
over-the counter and cleared derivatives to manage their financial
risks. Collateral Operations is an increasingly specialized function
that is vital to counterparty credit risk management. The team is part
of the recently formed Derivatives Middle Office Center of Excellence in
which staff have an exceptional opportunity to implement change and
develop highly transferable skillsets. Amongst others these include,
complex derivative product knowledge covering swaps, options, forwards,
and futures, project management, an understanding of post-trade
derivatives workflow and key industry processing systems, and client
support and relationship management.
Main responsibilities include but are not limited to:
- Applies expertise and judgement in providing quality, and complex
client service and support to internal and external clients on a daily
basis, including phone interaction, problem resolution, transaction
processing (i.e., STP, manual), reconciliations and accounting services,
and updates to client accounts in a timely manner.
- Performs complex operational tasks in a product or functional area.
Conducts independent analysis and policy interpretation. Performs
complex, manual processing of updates to client accounts or company
records. Responsible for reconciliations, including reconciling cash
breaks, position differences, and gathering and compiling data.
- Serves as the primary point of contact for clients and executes all
correspondent requisites in a timely and accurate manner with an
understanding of the underlying business and specific client needs.
- Provides product knowledge and technical assistance, determining when
the more complex problems should be referred to a supervisor or senior
professional.
- Review and check work of other Client Processing Support staff and
help resolve escalated issues.
- Responsible for the quality and completion of own work.
The role is perfect for you if you have:
- Bachelor’s degree or equivalent in Finance, Accounting, Economics,
Mathematics, Law, Bookkeeping, or similar field, however we equally
welcome graduates of all degrees
- You are proactive, have a focused attitude towards work and an ability
to consistently meet deadlines and have interest in advancing technical
knowledge specific to derivative and collateral product knowledge
- Established English written and verbal communication skills
- You have genuine interest in a career in financial services
- Ability to think critically to understand existing processes and
identify opportunities for improvement
- Ability to manage and prioritize multiple tasks
- Ability to clearly articulate ideas to internal and external audiences
- Strong analytical and problem-solving skills
- You are PC literate, including proficient knowledge of Microsoft
Office (advanced experience in Excel)
- You have experience working in an office environment
- The successful candidate must, by the start of the employment, have
permission to work in the UK
Desired skills and experience
- Proficiency in data management, reporting and valuations
- Experience and/or knowledge of derivatives, reconciliations,
brokerage, trade, settlements and cash processing are all skills
transferrable to this role but not a barrier to entry as on-the-job
product training will be available
- Familiarity with reconciliations
WHAT YOU'LL GET:
- 4-week paid training programme (442GBP gross weekly)
- Access to additional learning with our training Academy
- 12 months full-time contract - starting salary 23,000GBP yearly gross
- Experience in a Global environment
- Pay transparency and salary increase after 6 months
- Career mentor for full duration of the programme
IMPORTANT INFORMATION ON DIVERSITY
We take great pride in celebrating the diversity of every person who
contributes to making Wiley Edge the company it is today
