Margin Specialist
Newedge - Chicago, IL

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DEPARTMENT: Operations Margin Control

JOB TITLE: Margin Specialist

CORPORATE TITLE: B5; Associate

EFFECTIVE DATE: 2010

TASKS AND RESPONSIBILITIES:

The purpose of this job is to prevent regulatory margin risk to the firm and our clients.

Responsibilities:
  • Responsible for analyzing margin calculations for accuracy and ensuring accounts are correctly margined across all products
  • Review margin calls for regulatory compliance
  • Review IMR calculations and any exceptional processes for accuracy
  • Perform quarterly task orientated audits
  • Improve transparency and efficiency of the Margin process
  • Analyze and examine business, technical and performance parameters
  • Assist in drafting and implementing margin-related procedures
  • Assist in responding to external and internal audits relating to margin issues
  • Liaise with Client Services and other departments as necessary to issue margin calls and seek resolution of such calls
  • Participate in the review of new products with respect to margin-related issues

SKILLS AND EXPERIENCE NEEDED :
  • 5 -7 years of margining experience.
  • Good working knowledge of PC Span and London PC Span
  • Familiar with Joint Audit Committee Margins Handbook, rules and regulations.
  • Understanding of basic Clearing, Client Services, Treasury, Accounting processes.
  • Strong problem solving skills that are used to make effective decisions.
  • Initiate and implement change and improvement in services processes and systems
  • Required Technical Skills: Advanced Excel, Power Point, Word
  • Strong Communications skills and the ability to work with Customers, Sales and Senior Management.
  • Preferred Systems experience includes: GMI and the ability to query within GMI
  • Knowledge of Canadian regulations, Regulation T, Portfolio Margin and JBO a plus.

REQUIRED REGISTRATIONS:

Desired Licenses: Series 3,7, 99

POSITION WITHIN HIERARCHY:

Reports to Margin Control Manager and Head of Margin Control

LEVEL OF AUTONOMY:

Independent decision making is a part of the normal course of business. Anything beyond normal business is escalated to the Margin Manager and or Head of Margin Control as needed.

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The corporate and investment banking arm of French superbank  Crédit Agricole, Crédit Agricole Corporate and Investment Bank (or Crédit...