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Jefferies & Company, Inc.

Collateral Associate

Career Insights for Brokerage Clerk

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What they do

A Brokerage Clerk works on behalf of clients at a stock exchange. Delivers orders to securities brokers, checks final orders and keeps a record of transactions; delivers securities, distributes dividends and provides tax calculations for clients.

$91,244 / year median in New Jersey

-6% projected decline

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Job Description

Collateral Associate Jefferies & Company, Inc. - 3.7 Jersey City, NJ Job Details Full-time $90,000 - $100,000 a year 1 hour ago Qualifications Serving clients Customer service
Derivatives Full Job Description Jefferies OTC Collateral Management Position:
Collateral Associate The candidate for the Collateral Associate position must exhibit a strong understanding of Collateral Management Operations and its application to the CFTC and SEC bilateral Non-Cleared Swap transactions by carrying out Jefferies Policy and Procedures in conjunction with ISDA best practices. The Collateral Management team is responsible for the margining of the following business streams: Repo Finance OTC Swaps (CFTC Covered, SEC Security Based Swaps and OTC Options) TBA-Covered Agency (Forward Settling transactions) The Collateral Associate will be responsible for daily processing of OTC Swap, Repo and TBA Collateral Call issuance as well as confirming and processing of Anticipated Demands for Counterparty Collateral. In addition, the Collateral Associate will initiate collateral transfer payments and receipts for Liquidity Management, month-end Collateral Interest processing, and portfolio reconciliation. The candidate should have exposure and understanding to the following derivatives products: Foreign Exchange FX Options IR Swaps Credit Default Swaps (single name) Credit Default Index (CDX) Total Return Swaps Equity Swaps OTC Equity Options Must be a team player able to work in a fast-paced environment and provide excellent service to internal and external customers; exposure to Smartstream TLM Collateral, AcadiaSoft, TriOptima triResolve, and Broadridge is a plus. Should exhibit excellent interpersonal and PC skills.
Primary Location:
Jersey City Full Time Salary Range of $90,000-$100,000 #LI-MB1