Do you have a good understanding of bonds and financial derivatives? Do you want to work in a place that moves when the financial markets moves? Do you like getting into the “odd numbers” of data and assure that data quality is at its highest? Then here is a great opportunity for you!
Counterparts within the financial markets are increasingly focusing on collateral to minimize the capital burden, minimize credit risk and improve the banks liquidity consumption. This is your chance to get an exciting job with great opportunities for personal and professional development working within a highly interesting and dynamic area. We are looking for employees who strive to develop themselves as well as our business. A job where you greatly help to influence development in a reputable global organization with big ambitions.
You will be part of Collateral Management in Corporates & Institutions working with 20 dedicated colleagues in the center of Copenhagen. We perform daily margin calculations on the vast majority of the bank’s derivatives portfolio, repo portfolio and securities lending business. We furthermore support house clearing, client clearing and 3rd Party Collateral Management and are continuously expanding our activities in these business areas. The focus of the department may vary according to the market conditions. Whenever the financial markets are a bit volatile, we are busy!
Role and Responsibilities
As part of the Collateral Management Reconciliation team your daily tasks will include
- Performing data quality analysis on outliers prior to issuing margin calls
- Enhance control framework and improve outlier detection capabilities
- Dispute resolution and reconciliation of trade portfolios using TriOptima
- Dispute resolution and reconciliation of Initial Margin using Acadia IM Exposure Manager
- Cooperate with other teams to effectively improve processes around data and data deliveries
- Perform and respond to control reporting to ensure effective break/fails and exception management
- Perform escalation of systemic issues to senior management in accordance with framework
You will ensure that Danske Bank and its 3rd party clients gets a maximum of collateral in accordance with the legal agreements through contact with our counterparties nationally and internationally.
Deliver expertise through collaboration with focus and speed
We are in a world of continuous change and new challenges where agility and expertise are key words for us. Our objectives translates into high demands on both our service and the department’s professional level.
You will get an everyday changing environment, where the focus varies according to the current financial market conditions and we are working independently under the responsibility of an open and friendly manner supporting our foundation of great service, professional behaviour and a feedback culture.
Your engagement plays a vital role
As Senior Analyst you will help out in the daily operations ensuring that IT infrastructure is running and together with the margin team ensure that all margin calls are handled, trade portfolios reconciled, discrepancies and disputes are investigated and handled. When you cooperate and communicate via phone, mail or cloud-based solutions with counterparts both national and internationally, it is imperative that you are service minded and at the same time persistent.
It is important that you have a good understanding of bonds and financial derivatives. As a person you are outgoing and able to take the dialogue with your many different stakeholders in the bank e.g. dealers, lawyers, accountants and colleagues from our IT, credit department and Back Office. You are aspirational and curious, so you constantly improve your product understanding, and have a great sense humour to take the top off a sometimes-hectic day.
Strong analytical skills
You have an analytical of nature and a degree within a field such as economics, finance or IT. You are an advanced user of Excel and may advantageously have a good knowledge of SQL or other programming languages. You have an innovative and outreaching mind-set and you are a good communicator at all levels being fluent in both English and Danish
It is very important that you are a strong and independent team player who sees the value in sparring and knowledge sharing, whilst also acquiring knowledge on your own. You are not afraid to challenge the status quo, helping identify areas or processes that could be performed smarter, keeping focus on the details without losing sight of the whole value chain.