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Cash Control Specialist-Repo-REIT

Company: Western Asset Management Company
Location: Pasadena
Posted on: July 12, 2019

Job Description:


Individual will be responsible for supporting REIT Reverse Repo operations, cash reconciliation, and related cash control processes


* Coordination of instruction, settlement, and reconciliation of complex repurchase agreement trade activity in REIT products

* Calculation and instruction of pair-off/wire amounts related to repo activity in REIT products

* Firm understanding of margin calls for repo and coordination with collateral team to resolve discrepancies

* Tracking and calculating cash thresholds while working with internal partners to ensure compliance

* Communicating with internal departments, brokers, and custodians to facilitate the resolution of all time sensitive cash issues

* Work with IT to continually automate and improve upon existing processes and enhancements to WA proprietary systems

* Other duties will include some or all of the following:

-Communication to the trading desk of all cash deficient portfolios on a daily basis

-Verification of cash flows in accounts and communicating to various internal departments

-Research and resolve principal and interest payment breaks between WA and Custodian

-Confirmation, allocation, instruction, and settlement of all Repo trades executed by the Cash Desk

* -Daily calculation of available investable date cash for all Repo eligible accounts

* -Verification of collateral minimum standard requirements and margin level

* -Weekly maintenance of STIF rates database


* Three plus years Middle/Back Office Operations experience

* Thorough understanding of Repo (and all fixed income securities) trade settlements

* Possesses advanced MS Excel skills with exposure/understanding of macro writing

* Understanding the features of different securities across various sectors of the fixed income market

* Must be professional, detail-oriented, organized, and proactive

* Must be able to prioritize workloads and adhere to strict deadlines

* Possess the ability to perform in a fast-paced, high-pressure, team environment

* Ability to multi-task and absorb information quickly

* Ability to work independently on projects as well as in a team environment, flexible/adaptable

* Possesses excellent verbal and written communication skills

* Prior Bloomberg experience

* Knowledge of REIT s preferred

EQUAL EMPLOYMENT OPPORTUNITY (EEO) Western Asset Management is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, age, marital status, medical condition (including pregnancy and related conditions), physical or mental disability, protected veteran status, and/or any other characteristic protected by law.

Equal Employment Opportunity Statement :

Pay Transparency Notice :

Equal Employment Opportunity Poster :

Equal Employment Opportunity Poster Supplement :

Vietnam Era Veterans Readjustment Assistance Act :

Keywords: Western Asset Management Company, Pasadena , Cash Control Specialist-Repo-REIT, Accounting, Auditing , Pasadena, California

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