Margin Specialist

Job Location: 100 Avenue of the Americas, New York, NY 10013

Note: Company "Hybrid" work attendance policy: In-office work attendance required at the aforementioned office address for collaboration days based on each team's requirement; telecommuting/working from home is permissible for remainder of the same month.

Duties: Analyzing the drivers of required margin changes and margin calls. Reviewing and disputing margin differences. Working with Vendors for SIMM margin calculation implementation. Working with Analytics and Engineering teams to continue to improve internal margin replication. Developing strategies to reduce required margin to drive cost savings. Enhancing the margin management infrastructure with a focus on supervising margin differences, margin disputes, and cost savings. Working with Prime Brokers, Futures Commission Merchant (FCM), and bilateral trading counterparties to understand margin methodologies, challenge margin differences, and resolve margin disputes. Optimizing wallet to drive reductions in margin and financing costs. Becoming the subject matter authority for internal margin inquiries, capital attribution and related costs. Partner with the liquidity investment team to optimize cash and collateral flows.

Minimum education and experience required: Bachelor's degree or equivalent in Economics, Finance, Mathematics, or related field plus 5 years of experience in margin/collateral space and understanding/analyzing margin methodologies at a prime broker or an investment management firm, or related experience.

*Skills required: Must have experience with commercial and risk aspects of prime broker and derivative margin methodologies. Must have experience with SIMM and clearing house margin methodology. Must experience with Risk management (Risk sensitivity calculation, etc.). Must have experience with Statistical and numerical techniques for data processing and analysis. Must have experience with Fixed income products (futures, IRS, TRS, swaption, etc.). Must have experience with Prime brokerage, prime finance or capital market structures. Must experience with Driving cost savings/margin reductions using wallet optimization and/or a margin dispute process. Must have experience with running the operational aspects of margin and collateral processes. Must have experience with industry vendor platforms (Cassini, Bloomberg, Acadia, CloudMargin). Must have experience with analyzing large data sets. Must have experience with basic coding (Python) and/or sophisticated Excel. Employer will accept any amount of experience with the required skills.

The base pay for this role will be between $165,000 and $325,000 per year. This role may also be eligible for other forms of compensation and benefits, such as a discretionary bonus, health, dental and other wellness plans and 401(k) contributions. Discretionary bonus can be a significant portion of total compensation. Actual compensation for successful candidates will be carefully determined based on a number of factors, including their skills, qualifications and experience.

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