At a Glance
- Tasks: Manage collateral and margining, ensuring accurate reporting and reconciliations.
- Company: Join a global leader in financial operations with a dynamic team.
- Benefits: Competitive salary, career growth, and opportunities to work on impactful projects.
- Other info: Collaborative environment with a focus on professional development.
- Why this job: Be part of a team that drives innovation in financial markets.
- Qualifications: 2-3 years in Collateral Management and strong analytical skills required.
The predicted salary is between 36000 - 60000 £ per year.
The Global Market Operations team consists of approximately 400 Operations Professionals, who support our Financial Markets, CommSec, Trade Finance & Treasury businesses globally. Functions performed are trade confirmation, settlement, reconciliation, and client data capture/maintenance, corporate actions across FX, Fixed Income, Rates, Commodities, and Equities Derivatives. Our teams are located globally to ensure we have a follow the sun process, and instant backup for critical processes.
Reporting to the Trade Lifecycle Manager of Middle Office London, the main function of this role is to be part of the team responsible for the Collateral Management and Margining, Portfolio Reconciliations and OTC Reporting under the various regulatory frameworks, covering global OTC derivatives - including mainly Repo, FX and Commodities. Managing clients around the globe, the function is responsible for ensuring reconciliations and reporting is performed on a daily basis, investigating and resolving any discrepancies in a timely manner and reporting in accordance with both regulatory and internal policies. With a focus to grow our client base, and realise new opportunities, there is a requirement to be able to run with initiatives, represent the team within project meetings, and drive forward opportunities.
Your main responsibilities will include but are not limited to:
- Daily margining of counterparties for the CBA group.
- Monitoring counterparty exposures and collateral to be received or delivered.
- Management of Portfolio Reconciliations under the various regulations – DF, EMIR.
- Contributes to the preparation of daily, weekly & monthly statistics.
- Working with the various businesses and operational areas, to seek out new opportunities.
- Roll Out various new Regulatory & Business requirements – IM, Seg VM, MarginSphere.
- Keeps abreast of the latest market developments and practices within Collateral Management.
- A strong understanding of controls and daily reconciliations, ensuring all exceptions are followed up/resolved/escalated in a timely manner with adequate audit trails.
We are interested in hearing from you if you have:
- At least 2-3 years experience in Collateral Management (including Repo Products).
- Broad understanding of the Operational functions, its various streams and their requirements.
- Knowledge of Financial Markets products & processes, and their associated risks.
- Strong analytical and communication skills.
- Strong systems knowledge in Excel, Word, Access and database systems in general.
- Strong attention to detail and team player.
- Bachelor’s degree in business administration or related discipline.
In order to be considered please indicate your notice period and salary expectations on the application form, failing that we will not be able to consider your application.
If you’re already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you’ll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.
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Advertising End Date: 29/03/2026
Associate, Collateral and Margin Management employer: Commonwealth Bank
At Commonwealth Bank, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation within our Global Market Operations team. Located in London, this role provides unique opportunities for professional growth in the fast-paced world of financial markets, with comprehensive training and support to help you excel in Collateral Management and Margining. Join us to be part of a diverse team that values your contributions and encourages you to drive initiatives that matter.
StudySmarter Expert Advice🤫
We think this is how you could land Associate, Collateral and Margin Management
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and role thoroughly. Understand their operations, especially in Collateral Management, and be ready to discuss how your experience aligns with their needs.
✨Tip Number 3
Showcase your analytical skills during interviews. Be prepared to discuss specific examples of how you've tackled challenges in margin management or reconciliations, as this will demonstrate your expertise.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we’re here to support you every step of the way in landing that dream job.
We think you need these skills to ace Associate, Collateral and Margin Management
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Associate, Collateral and Margin Management role. Highlight your experience in collateral management and any relevant financial market knowledge. We want to see how your skills match what we're looking for!
Showcase Your Skills:In your application, don’t just list your skills—show us how you've used them! Whether it's your analytical prowess or your attention to detail, give us examples that demonstrate your capabilities in real-world scenarios.
Be Clear About Your Expectations:Remember to include your notice period and salary expectations in your application. This helps us understand your situation better and ensures we can move forward smoothly if you're the right fit for us.
Apply Through Our Website:We encourage you to apply through our website for a seamless application process. It’s the best way to ensure your application gets to the right people quickly and efficiently!
How to prepare for a job interview at Commonwealth Bank
✨Know Your Stuff
Make sure you brush up on your knowledge of collateral management and the specific products mentioned in the job description, like Repo, FX, and Commodities. Being able to discuss these topics confidently will show that you're serious about the role.
✨Show Off Your Analytical Skills
Prepare examples from your past experience where you've successfully managed discrepancies or performed reconciliations. Highlighting your analytical skills with real-life scenarios will demonstrate your capability to handle the responsibilities of the position.
✨Be a Team Player
Since this role involves working closely with various operational areas, be ready to discuss how you've collaborated with others in previous roles. Share specific instances where teamwork led to successful outcomes, as this will resonate well with the interviewers.
✨Stay Updated
Familiarise yourself with the latest market developments and regulatory changes in collateral management. Showing that you're proactive about staying informed will impress the interviewers and indicate that you're ready to contribute to the team from day one.
