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Supervisor of Cash Control and Collateral

Company: Western Asset Management
Location: Pasadena
Posted on: June 23, 2022

Job Description:

Keep pace with our success - - - - - - - - Oversee a dynamic team that provides Cash Control and Collateral Management support to the organization. - Bring your leadership, vendor management expertise and organizational skills to the organization. - The Cash Control and Collateral Management team works closely with internal departments, brokers and custodians to ensure accuracy and efficiency in Western's transactions. -What you will do: -Manage a team of approximately 8 staff members whose responsibilities include:

Daily calculation of available investable cash for all Repo eligible accountsConfirmation and allocation of all Repo and Reverse Repo trades executed by the Cash deskProcessing and settlement of Repo and Reverse Repo tradesCoordination of instruction, settlement, and reconciliation of complex repurchase agreement trade activity in REIT productsCalculation and instruction of pair-off/wire amounts related to repo activity in REIT productsCommunication to the trading desk of all cash deficient portfolios on a daily basisVerify all daily cash flows in all Western Asset accounts and communicate to various internal departmentsMaintenance of STIF rates database weeklyWork with Cash Desk to continually improve Cash processes, such as Repo allocation and daily overdraft processContinual process improvement for cash forecasting process and open items resolution processTimely issuance of and response to margin calls from counterparties on a daily basisResolve margin call disputes by researching position and mark to market discrepanciesSettle coupon payments from securities collateral and interest on cash collateralCommunicate with internal departments, brokers, and custodians to facilitate the resolution of all, time sensitive cash and collateral issuesJoin a team of finance professionalsThis is a fast-paced, high-pressure and collaborative team environment where the pace of change is rapid. We need people who are flexible, curious, innovative and adaptable. Open to new ideas and new ways of working, you'll combine excellent powers of analysis with good people skills. - This is a group that is constantly enhancing processes and seeking operational efficiencies to support the investment process. -What you will bring: -
Proven leadership, vendor management and escalation qualities/skillsDemonstrate track record of managing small teamsMinimum 5 Years of Fixed Income operations experienceThorough understanding of Repo securities (and all fixed income) trade settlement and activityBasic understanding of Derivatives products and related collateral management processes.Possess excellent organizational and time management skillsStrong understanding of features for different securities across various sectors of the fixed income marketAbility to multi-task and absorb information quicklyAbility to work in a fast paced, time sensitive environmentAbility to work independently on projectsWork well in a team environmentPossess excellent verbal and written communication skillsStrong excel skills, preferably macro writing capabilitiesAbout Western AssetAt Western Asset we're saying hello to the future. Committed to being the leading fixed-income investment management firm in the world, we're investing in new technologies, methodologies and markets. We're also investing in our people. Our business is guided by a belief in doing the right thing: that if we treat our clients and colleagues with fairness and respect, success will follow. We're building on our reputation and resources with an entrepreneurial approach that drives innovation. Every day is an opportunity for us to get better by making the most of the possibilities that our people and ideas can bring. - -

Keywords: Western Asset Management, Pasadena , Supervisor of Cash Control and Collateral, Accounting, Auditing , Pasadena, California

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