Pause
Lecture
Moteur de recherche d'offres d'emploi Crédit Agricole CIB

Associate – Collateral and Client reporting management Middle Office**


Vacancy details

General information

Entity

About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)

Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022).
8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank's clients, meeting their financial needs throughout the world.
Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade.
The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.


For more information, please visit www.ca-cib.com

Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/

By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.   

Reference

2024-92451  

Update date

17/09/2024

Job description

Business type

Types of Jobs - Operations

Job title

Associate – Collateral and Client reporting management Middle Office**

Contract type

Permanent Contract

Job summary

**This position will be under the Employee Referral Program in Hong Kong.

 

Summary

Within, Operations, Premises & Country COOs (OPC) based in Hong Kong, Capital Market Operations (CMO) teams are responsible to process the transaction activities for Credit, Rates, FX/MM, Securities and Equities for multiple geographies (APAC and EMEA). There are 2 teams under CMO HK in charge of:

 

  • Capital Market Middle Office (CMM):
    • Transaction validation & controls
    • Trade Capture, Amendments and Events management
    • Deal allocations
    • FOBO/FOFO Reconciliation and resolution of breaks
    • Market data creation
    • Liaising with Trading and Sales teams and BO query management
    • Collateral Management - Liaising with external clients for Margin calls and MTM reports and solve any query
    • Coordination of the New Activity and Product (NAP) files for CMO launched by the Business Lines

 

  • Capital Market Back Office (CMB):
    • Ensuring in liaison with Business Lines and Middle Office teams a smooth transaction integration within the Back Office systems
    • Liaising with external clients for Confirmation and Settlements and solve any query
    • Ensuring cut offs are met for payments
    • Meeting our regulatory requirement sin terms of timely confirmation
    • Client static data and Settlement Instruction creation
    • Funding projection in liaison with multiple Treasury desks
    • Regulatory reporting for several regulators
    • Coordination of the New Activity and Product (NAP) files for CMO launched by the Business Lines
    • Nostro reconciliation
    • KPI’s production and operational risk mitigation implementation

 

Capital Market Middle Office team in HK is around 40 staffs and 6 sub-teams:

  • MO Sales and Collateral, Client Services: In charge of deals originated by Sales including Trade validation, allocations, MTM reporting and collateral management
  • MO IRD/ EIS: In charge of Interest Rate and Equity Derivatives.
  • MO FX/MM/ Credit: In charge of Foreign Exchange, Money Market and Credits
  • MO Post Trade: In charge of the processing activities from FO systems to BO systems
  • MO Reconciliation: In charge of the various reconciliation (FO-BO; FO-FO,…)
  • MDA: In charge of Market Data activities

 

Supplementary Information

Key Responsibilities
 

Collateral and MTM client Management:

  • Manage the Margin calls
  • notification, confirmation and settlement
  • reconciliation and disputes
  • follow-up on unusual counterparties behaviour and margin call discrepancies
  • Contracts setup and liaison with the various teams involved, setup in the systems
  • Co-ordinate with Front Office, Risk and other concerned departments to setup client desk and issue Mark-to-Market statements to clients
  • Perform daily controls
  • Assist the Line manager in supervising the day-to-day activities
  • Follow-up on query from clients
  • Assist in system enhancement, UAT testing, New product onboarding for Collateral mgt process.
  • Handle Audit confirmation for capital market transactions booked in HK
  • Participation in the drafting and/or updating of operational procedures.
  • Manage operational risk with a duty to alert Management.

 

Personal data provided by job applicants will be used strictly in accordance with the employer’s personal data policies, a copy of which will be provided immediately upon request.

 

La version française est disponible sur demande à votre RH locale

Position location

Geographical area

Asia, Hong Kong

City

HONG KONG

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

  • University Degree holder from discipline in Finance, Mathematics or Engineering

Level of minimal experience

6-10 years

Experience

  • Minimum 4-6 years’ experience in Collateral Management, MTM reporting activities

Required skills

  • Good knowledge of financial products and understanding of the operational risks involved in OTC Derivatives, Repo’s, MTM, Collateral management process
  • Good analytical, organizational and interpersonal skill
  • Comfortable with multi-tasking and able to work independently with minimal supervision.
  • Strong attention to details and a self-starter who is highly motivated.
  • Good judgement, alertness and common sense
  • Motivated
  • Good communicator
  • Creative
  • Innovative
  • Team Oriented

Technical skills required

  • Versatile with PC tools and applications, e.g. MS Office, VBA
  • IT literate
  • Mathematically minded
  • Market knowledge

Languages

Fluency in English. Proficient in French or other Asian languages a definite advantage