Do you enjoy mitigating counterparty risks? If yes, this is the position where you will do just this while also collecting margins, minimizing capital spending and improving the liquidity in exciting response to the ever-changing fluctuations in the financial markets.
You will join the Collateral Management Team, which is part of Corporate & Institutions, located in Kongens Nytorv. Our team comprises 15 employees who perform daily margin calculations on the vast majority of the bank's derivatives portfolio, repo portfolio and securities lending business. We also support house clearing, client clearing and 3rd Party Collateral Management and are continuously expanding our activities in these business areas.
Our focus varies according to the market conditions so when the conditions are volatile, we are busy – but we always dedicated to improve our ways of working for the benefit of our internal stakeholders and clients in the marketplace, and have fun while we do it!
Focus on Margin Calls and Process Development
You will be responsible for the full front to back margin call process on a daily basis, i.e:
- Performing Data Quality analysis prior to issuing margin calls
- Margin Call issuance and responding to incoming margin calls
- Booking of eligible collateral (cash/bonds/equities or repricing)
- Dispute resolution through portfolio reconciliation
- Perform and respond to control reporting, ensuring effective break/fails and exception management
- Ensure that Danske Bank and its 3rd party clients get a maximum of collateral in accordance with the legal agreements through contact with our counterparties nationally and internationally
Our new colleague thrives in a busy environment and uses a good sense of humour to take the top of hectic days. You are a team player with the ability to focus on details while keeping the overview, which makes us able to also create long-term stakeholder value and continue our position in the market as having a highly automated collateral management process flow.
You will thus be a success in this role when the engagement with our stakeholders materializes in even better flows across our busy value chain due to your proactive approach and curiosity towards your stakeholders, whether internal or external.
Solid experience with financial products
Preferably, you offer working knowledge within Collateral Management activities and solid knowledge within financial products. You know from experience that engaging in a positive dialogue with your many different stakeholders, e.g. dealers, lawyers, accountants and colleagues from our IT, credit department and Back Office, comes natural to you.
You will work in an international environment so fluency in English and Danish is required.
Join our global organisation with high ambitions!
Please apply through our online portal where we screen applications on an ongoing basis. You are also welcome to contact Head of Collateral Management Niels Martin Tholstrup Fjeldgaard at +4512 8112, or +45 2510 1978 if you have any questions about this role.
Send application and CV no later than 20.02.2019.