Collateral Analyst

POSITION OVERVIEW

The Collateral Analyst is responsible for the end-to-end management of collateral processes across OTC derivatives, listed products, and financing transactions. This role requires a strong understanding of margin methodologies, legal agreements, and regulatory requirements, along with the ability to independently manage daily workflows and resolve complex exceptions.

The successful candidate will serve as a key contributor within the collateral management function, partnering closely with Investment Teams, Trading, Risk, Legal, and external counterparties to ensure accurate and timely margining, dispute resolution, and collateral movements. This role also plays an important part in strengthening operational controls, improving processes, and supporting system and workflow enhancements across the collateral lifecycle.

PRIMARY DUTIES AND RESPONSIBILITIES

Oversee daily collateral operations across OTC derivatives, futures, and financing products, ensuring accurate and timely margin calls, settlements, and reconciliations

Independently manage collateral relationships with counterparties and custodians, including escalation and resolution of margin disputes

Perform detailed reconciliations of collateral balances and exposure reports, identifying discrepancies and driving resolution through to completion

Review, validate, and instruct collateral movements in accordance with ISDA/CSA and other governing agreements

Maintain and enhance collateral data within internal systems, including legal agreement terms and margin parameters

Act as a subject matter resource for collateral processes and margin methodologies

Partner with Investment Teams, Trading, Risk, Legal, and Technology teams to support onboarding and process enhancements

Ensure timely review and execution of OTC derivative confirmations

Identify opportunities to improve workflows, increase automation, and strengthen controls

Support audits, regulatory inquiries, and internal reporting

DESIRED SKILLS AND EXPERIENCE

5+ years of industry experience with 3+ years in collateral management, derivatives operations,

or a related function

Strong understanding of variation margin (VM), initial margin (IM), and margin methodologies

Working knowledge of ISDA/CSA, GMRA, and related legal documentation

Proven ability to independently manage margin processes and resolve disputes

Experience analyzing and resolving valuation disputes with internal and external stakeholders

Familiarity with regulatory requirements such as Uncleared Margin Rules

Strong understanding of investment fund operations, including custody and fund accounting workflows and their impact on NAV

Working knowledge of coupon/income accruals

Strong analytical and problem-solving skills

Excellent communication skills

Ability to manage competing priorities in a fast-paced environment

Strong ownership mindset with focus on process improvement and efficiency

Experience contributing to system enhancements or automation initiatives preferred

Direct experience with Aladdin’s collateral management functionality is required

Knowledge of systems such as Acadia MarginSphere, TriResolve, and TradeServ

Working knowledge of SWIFT messaging