Cleared Derivatives and Collateral Specialist - Senior Analyst (Finance)

TL;DR

Cleared Derivatives and Collateral Specialist - Senior Analyst (Finance): Providing independent governance and oversight across cleared derivatives activity, including ETD, futures, and OTC clearing with an accent on monitoring margin risk and liquidity impacts. Focus on challenging margin calculations, overseeing CCP relationships, and strengthening control frameworks.

Location: Hybrid (London, UK)

Company

One of Europe’s largest asset managers and a major global investor across public and private markets.

What you will do

• Provide independent oversight and challenge for Initial Margin (IM) and Variation Margin (VM) activities for ETD and OTC cleared derivatives.
• Monitor margin utilization, exposure drivers, and liquidity impacts, including intraday movements and funding requirements.
• Challenge margin calculations, CCP model outputs, and clearing broker methodologies to ensure transparency.
• Oversee clearing broker (FCM) performance and CCP exposures, including default fund contributions.
• Review collateral allocation strategies and promote efficient use of eligible collateral and funding resources.
• Strengthen control frameworks by overseeing reconciliations, exception management, and operational risk processes.

Requirements

• Experience within cleared derivatives collateral management across ETD, futures, and OTC clearing.
• Deep understanding of CCP margin models, margin drivers, and collateral management principles.
• Ability to interpret and explain complex risk, margin, and liquidity exposures to senior stakeholders.
• Experience building and maintaining relationships with clearing brokers and CCPs.
• Exposure to oversight, risk, governance, or control functions within financial services.
• Must be based in London to support a hybrid work model.

Nice to have

• Familiarity with collateral optimization, liquidity management, and capital frameworks.
• Experience with MI/dashboard reporting tools such as Power BI.

Culture & Benefits

• Annual performance-related bonus plan and share schemes.
• Generous pension contributions and life assurance.
• At least 25 days of holiday plus public holidays, with options to buy/sell leave.
• Competitive family leave and inclusive company culture.
• Flexible working options, including part-time and job shares.