POSITION OVERVIEWThe Collateral Analyst is responsible for the end-to-end management of collateral processes across OTC derivatives, listed products, and financing transactions. This role requires a strong understanding of margin methodologies, legal agreements, and regulatory requirements, along with the ability to independently manage daily workflows and resolve complex exceptions.
The successful candidate will serve as a key contributor within the collateral management function, partnering closely with Investment Teams, Trading, Risk, Legal, and external counterparties to ensure accurate and timely margining, dispute resolution, and collateral movements. This role also plays an important part in strengthening operational controls, improving processes, and supporting system and workflow enhancements across the collateral lifecycle.
PRIMARY DUTIES AND RESPONSIBILITIES- Oversee daily collateral operations across OTC derivatives, futures, and financing products, ensuring accurate and timely margin calls, settlements, and reconciliations
- Independently manage collateral relationships with counterparties and custodians, including escalation and resolution of margin disputes
- Perform detailed reconciliations of collateral balances and exposure reports, identifying discrepancies and driving resolution through to completion
- Review, validate, and instruct collateral movements in accordance with ISDA/CSA and other governing agreements
- Maintain and enhance collateral data within internal systems, including legal agreement terms and margin parameters
- Act as a subject matter resource for collateral processes and margin methodologies
- Partner with Investment Teams, Trading, Risk, Legal, and Technology teams to support onboarding and process enhancements
- Ensure timely review and execution of OTC derivative confirmations
- Identify opportunities to improve workflows, increase automation, and strengthen controls
- Support audits, regulatory inquiries, and internal reporting
DESIRED SKILLS AND EXPERIENCE- 5+ years of industry experience with 3+ years in collateral management, derivatives operations,
or a related function
- Strong understanding of variation margin (VM), initial margin (IM), and margin methodologies
- Working knowledge of ISDA/CSA, GMRA, and related legal documentation
- Proven ability to independently manage margin processes and resolve disputes
- Experience analyzing and resolving valuation disputes with internal and external stakeholders
- Familiarity with regulatory requirements such as Uncleared Margin Rules
- Strong understanding of investment fund operations, including custody and fund accounting workflows and their impact on NAV
- Working knowledge of coupon/income accruals
- Strong analytical and problem-solving skills
- Excellent communication skills
- Ability to manage competing priorities in a fast-paced environment
- Strong ownership mindset with focus on process improvement and efficiency
- Experience contributing to system enhancements or automation initiatives preferred
- Direct experience with Aladdin's collateral management functionality is required
- Knowledge of systems such as Acadia MarginSphere, TriResolve, and TradeServ
- Working knowledge of SWIFT messaging
$90,000 - $105,000 a year
This salary range is estimated for this role and actual pay may be different based on a candidate's qualifications and/or years of experience. In addition, this position is eligible for a discretionary annual bonus award, which award may be determined by individual, team, department and firm performance, and is subject to the terms of GMO's compensation plan. This position is also benefits eligible. GMO's comprehensive benefits program includes medical insurance, dental insurance, life insurance, long-term disability coverage, a 401(k)/profit-sharing retirement plan, open paid time off, leaves of absences, dependent care resources, tuition reimbursement, charitable gifts matching, flexible spending accounts, and commuter benefits.
