Collateral Manager

THE JOB

The Collateral Management Unit is a newly created unit under the Counterparty Risk department which is part of the Bank’s first line of defense.

The team is responsible for correct and efficient monitoring in real-time of Financial Clients, Partners and Bank counterparties to ensure counterparty credit risks related to OTC derivatives and Securities trading are handled in a prudent manner.

During 2020, the bank has big ambitions in this area and is seen as an important part of the bank’s strategy. Furthermore the regulatory landscape is changing significantly, which means processes and tools needs to be developed to ensure compliance.

As our new Collateral Manager, you will have a key role in the team responsible for monitoring some of the most important counterparties of the bank. You will also be part of the development of new tools to be able to monitor and manage risk in real-time. The department will interact with many different stakeholders in the bank such as Group Treasury, Financial Risks, IT, Legal ,Trading & Market Access, which means that you will gain an comprehensive understanding of several different areas of the bank. 

Among others you will be responsible for:

  • Project work related to EMIR uncleared margin rules (UMR)
  • Variation/initial margin calls, validation and dispute management
  • Collaboration work with other divisions and departments in implementing standards and processes to support effective management of counterparty exposure.
  • Collateral management solutions (e.g. third-party custodian solutions)

YOUR PROFILE

  • As a person you are a team-player with an entrepreneurial spirit which thrives in a high-phased agile environment.
  • You enjoy project work and are used to dealing with complex issues related to the financial sector.
  • You always strive to finding ways of working more intelligently and adopting IT solutions to automate as much as possible. 
  • You are a self-starter that is organized and you have a planned approach in solving challenges.
  • You have social skills and enjoy working in an international environment.

Further we are looking for a candidate with the following qualifications:

  • Few years’ experience with collateral management and counterparty risk
  • Experience with ISDA agreements and CSA
  • Insights to counterparty risk regulations
  • Good knowledge of OTC derivatives (in particular FX and Equities), financial markets and market risk concepts 
  • Data analysis skills (e.g. SQL)

WE OFFER

First and foremost, we offer more than just a job; being an employee in Saxo Bank is an opportunity to invest in your future. In addition, you get:

  • A chance to join a truly growth-embracing culture, which will commit to helping you grow personally and professionally.
  • An opportunity to work as part of a dynamic, very ambitious and, at the same time, informal and pleasant working environment.
  • A competitive salary plus benefits package. 
Application deadline:
09/02/2020
Expected Start Date:
Soonest possible
Location:
Copenhagen
Job type:
Permanent
Working hours:
Full-time
Working days:
Day
Contact person:
Mikael Wallén
Tel: +45 39776052
Company homepage:
https://www.home.saxo/