What are the responsibilities and job description for the Collateral Management Consultant position at BizTek People, Inc. | APA International Placement Consultants?
Job Title: Collateral Management Consultant
Work Arrangement
Hybrid: Primarily remote, with one onsite day per month required.
Location: Chicago, IL (311 South Wacker Drive)
Responsibilities
Inspect system-generated collateral calls for accuracy before issuance.
Issue and process daily margin calls for bilateral agreements under a CSA, cleared agreements, and affiliate margin.
Communicate directly with counterparties to ensure proper collateral exchange.
Post system entries in internal and industry platforms to recognize and settle agreed-upon margin calls.
Investigate and escalate disputes and discrepancies.
Settle month-end collateral margin interest with external counterparties and affiliates.
Perform nightly reconciliations between custodians, counterparties, and internal books/records.
Identify and escalate system issues to the overnight IT staff.
Collaborate with internal teams, including Credit, Legal, Finance, and Trading.
Schedule
Hours: 7 PM – 3 AM CST (Sunday – Friday)
Work Week: Begins Sunday at 7 PM and ends Friday at 3 AM (supporting Asian and European clients).
In-person training required.
Qualifications
Experience: 1 years in Collateral Management.
Required Skills:
Collateral Management
Finance
Trading
Operations
Reconciliations