Senior Collateral Operations Analyst

About

Our client, a leading financial institution, is seeking a Senior Collateral Operations Analyst to join their Capital Markets team on a 12-month contract. This role will support daily collateral management activities across derivative and repo products, including margin calculations, margin calls, portfolio reconciliations, break resolution, and stakeholder inquiries.

This is a hands-on role suited for an experienced capital markets operations professional who is confident managing time-sensitive deliverables, resolving issues independently, and working closely with internal teams, counterparties, and business stakeholders.

Key Responsibilities

• Perform daily collateral management activities, including variation margin and initial margin calculations and calls
• Complete portfolio reconciliations and investigate breaks, disputes, and discrepancies in a timely manner
• Support daily reviews and oversight of collateral processes to ensure accuracy, completeness, and strong operational control
• Respond to inquiries from internal stakeholders, external counterparties, and business partners
• Troubleshoot margin and reconciliation discrepancies, identify root causes, and support timely resolution
• Work with counterparties across derivatives, repo, and other capital markets products
• Escalate risks, exceptions, and unresolved issues appropriately
• Support ad hoc reporting, process reviews, and operational improvement initiatives as required

Required Qualifications

• 3+ years of experience in collateral management, margin operations, derivatives operations, reconciliations, settlements, or broader capital markets operations
• Strong knowledge of derivatives and repo products
• Solid understanding of collateral processes, including initial margin, variation margin, margin calls, and collateral movements
• Experience completing portfolio reconciliations and resolving breaks or discrepancies
• Ability to troubleshoot issues independently in a fast-paced, deadline-driven environment
• Strong communication skills with the ability to explain issues clearly and professionally
• Comfortable working with internal teams, external counterparties, and senior stakeholders

Nice to Have

• 3+ years of experience in collateral management or other capital market operations
• Strong knowledge of derivatives and repo products (mandatory)
• Proven ability to troubleshoot and resolve breaks/issues independently
• Advanced Excel, SQL, reporting, or process improvement experience
• Previous experience within a bank, asset manager, fund administrator, or large financial institution

Ideal Candidate

The ideal candidate is a detail-oriented collateral operations professional with strong capital markets knowledge and hands-on experience supporting margining, reconciliations, and issue resolution. They are comfortable working independently, managing daily deadlines, and communicating effectively with stakeholders across operations, front office, risk, and counterparties.