Collateral Management (UK)

Verition Fund Management LLC ("Verition") is a multi-strategy, multi-manager hedge fund founded in 2008. Verition focuses on global investment strategies including Global Credit, Global Convertible, Volatility & Capital Structure Arbitrage, Event-Driven Investing, Equity Long/Short & Capital Markets Trading, and Global Quantitative Trading.

Job Title: Collateral Management (UK)

Key Responsibilities:

• Manage and process daily margin calls for all accounts.
• Monitor and resolve exposure discrepancies and disputes with counterparties.
• Oversee reconciliation processes, ensuring accuracy of portfolio data and valuations.
• Escalate significant discrepancies to appropriate internal stakeholders.
• Maintain strong working relationships with clients, internal operations, and technology teams.
• Establish and enforce operational controls related to margin call processes (notices, bookings, reconciliations, valuations).
• Conduct regular reviews of portfolio differences and take ownership of resolving exceptions.

Requirements:

• Background in Collateral Management Operations across: Bilateral OTC Derivatives, Cleared Swaps, ABS/MBS, FX Products, Exchange Traded Derivatives (ETDs), TBAs and Repos.
• Strong understanding of Credit Support Annex (CSA) agreements, ISDA conventions, and relevant regulatory requirements.
• Hands-on experience using tools such as TriResolve, Acadiasoft, or comparable platforms.
• Strong analytical mindset with a track record of solving operational and reconciliation challenges.
• Ability to work under pressure and in a fast-paced environment.