Position Overview:
Primary focus will be Cash and Collateral Management across all global portfolios with an emphasis on safeguarding of assets and obtaining capital efficiencies.
Candidate should be comfortable in a time sensitive environment and deliver high quality results by collaborating with colleagues and global financial institutions in multiple time zones.
Monitoring of margin and collateral requirements and ensuring Squarepoint’s margin is competitive and accurately applied.
Reconcile currency and collateral balances held at brokers and financial institutions. Ensure accounts are properly credited and debited as originally instructed.
Optimize cash balances for liquidity, yield enhancement and collapsing boxed currencies across financial counterparties.
Continuously build upon and improve scalable processes that enable efficient portfolio finance activities.
Monitor counterparty exposure and execute remedial action to mitigate risk by reducing excess collateral, posting into tri-party structures (UMR), and swapping cash/collateral.
Partner with internal trading desks and investment teams on portfolio financing and collateral requirements.
Review margin replication and internal metrics daily for consistency and accuracy.
Required Qualifications:
0-2 years prime broker margin experience covering multiple hedge strategies. Preferred experience can be either a prime broker or a global hedge fund.
Proficiency in global asset types and instruments: futures, foreign exchange, equities, equity swaps, contracts for differences, investment grade and high yield corporate bonds, sovereign debt, mortgage backs, repo, options, credit default swaps, interest rate swaps.
Working knowledge of global currency and collateral transfers across industry applications and utilities, FED, SWIFT, DTC, FICC.
Proficiency in margin calculations including hedged and cross product margin optimization.
Knowledge of UMR and tri-party structures.
Understand the importance of our team concept. Establish long-lasting organizational relationships that will foster a productive work environment.
Demonstrate proficiency in written and oral communication skills.
Ability to build upon and improve scalable processes that enable efficient portfolio finance activities and new business initiatives.
Programming skills and writing macros are a plus.
