• Collateral Management Operations, Manager

    Location : Location US-TN-Nashville
    Operations & Technology
    Position Type
  • Company Overview

    OPS Group Description:
    Provide a brief overview of the OPS group, including the core businesses and business functions and applications the group supports, or, if an enterprise-servicing group, what enterprise functions and applications it supports.


    Company Description:
    AB is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world. AB employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies, and alternative investments, and, through its subsidiaries and joint ventures, operates in more than 20 countries. AB’s research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities. Through its integrated global platform, AB is well-positioned to tailor investment solutions for its clients. AB also offers independent research, portfolio strategy and brokerage-related services to institutional investors.


    AllianceBernstein is an equal opportunity employer.  We do not discriminate based race, color, creed, national origin, sex, age, disability, marital status, sexual orientation or citizenship status.


    OPS Job Description:
    We are seeking a Nashville-based candidate for a Collateral Management Operations Manager to join our Derivative Operations.


    The Collateral Manager is primarily responsible for supporting the collateral needs resulting from OTC, Cleared OTC, Exchange Traded, TBA/Pool trading working closely with our middle office, valuation and portfolio reconciliation teams while liaising daily with our counterparties, in an evolving regulatory landscape. In their day to day responsibilities, the Collateral Manager will be responsible for assessing if margin calls need to be issued or accepted, determine eligible assets to deliver as collateral and enter into collateral transactions with counterparties while minimizing operational risk. The Collateral Manager will also be responsible for overseeing the securities lending program and maximizing the benefits of securities finance to our clients while minimizing risk. In addition to these daily support responsibilities, the manager will have oversight over a team of collateral analysts both onshore and offshore. The Collateral Operations Manager will collaborate with both the front office and legal in the escalation and resolution of security encumbrance restrictions, agreement negotiation as well as with the technology team to support enhancements across applications. This position will report to the manager of the Derivative Operations & Technology Department. In this role one should be familiar with various OTC derivative products, proficient with PC skills and be comfortable working in a fast paced environment.


    The key job responsibilities include, but are not limited to:

    • Daily Margining of assigned Agreements/Relationships
    • Contact counterparts to agree on margin calls within the prescribed time frame
    • Settlement of margin in Support of Global clients
    • Maintain eligibility criteria and customer account master static data as per terms of CSAs, clearing agreements, repo agreements
    • Reconciliations of OTC MTM, Minimum Thresholds and resulting Collateral call
    • Reporting of collateral activity
    • Monthly cash interest agreement/settlement
    • Security coupon interest agreement/settlement
    • Ad-hoc projects as needed


    Job Qualifications (The ideal candidate should have the following):
    The ideal candidate should have a degree in finance, economics or another relevant discipline. 1-3 years experience supporting middle office or collateral operations related to OTC and/or Listed Derivatives on the sell-side or buy-side is required. Candidates should have a strong ability to work in a collaborative environment and to present results to both expert and non-expert audiences.


    Qualifications, Experience, Education:

    • Excellent communication skills - both written and verbal
    • Proven Team orientation skills
    • General understanding of Risk & PnL
    • Strong control focus - ability to understand and highlight operational risk
    • A flexible proactive attitude towards work balanced with effective time management and prioritization skills
    • Ability to contribute to the ongoing development of processes
    • Proficiency of Microsoft Office Applications
    • Motivated, positive “can do” attitude
    • Proven ability to learn quickly
    • Bachelor's degree


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