Settlements and Collateral Analyst (3-5 years), Boston, GMO

Settlements and Collateral Analyst (3-5 years), Boston, GMO

Role Responsibilities

Company Profile

Founded in 1977, GMO is a private partnership committed to delivering superior investment performance and advice to our clients.  We offer strategies where we believe we are positioned to add the greatest value for our investors.  These include multi-asset class portfolios as well as dedicated equity, fixed income, and absolute return offerings, many of which employ the firm’s proprietary 7-year asset class forecasting framework.  Our client base is comprised primarily of institutions, including corporate and public defined benefit and defined contribution retirement plans, endowments, foundations, and financial intermediaries.

GMO, whose sole business is investment management, employs approximately 470 people worldwide and is headquartered in Boston with offices in San Francisco, London, Amsterdam, Sydney, and Singapore. We manage roughly $70 billion in client assets using a combination of top-down and bottom-up approaches that blend traditional fundamental insights with innovative quantitative methods to identify undervalued asset classes and securities. Our valuation-based approach embeds several key factors, including: a long-term investment horizon, discipline, conviction, and a commitment to research. Our research emphasizes not only identifying and exploiting pricing dislocations but also understanding the long-term drivers of return in the markets in which we invest. We are known for our candor in sharing our views with clients and for our willingness to take bold, differentiated positions when opportunities warrant.

Position Overview

The Settlements and Collateral Analyst role is a multi-functioned role with responsibilities that include Equity, Fixed Income and FX settlement monitoring, as well as collateral management and derivative confirmation functions. Primary responsibility will be to maintain high service levels while improving and strengthening our operational infrastructure. The position requires a strong understanding of equity, fixed income, and derivatives instruments in addition to previous work experience directly supporting the life cycle of a trade. The position will provide the successful candidate with the opportunity to learn about all stages of the investment process, from idea generation and trade building to implementation and trading.

The Settlements and Collateral Analyst will be responsible for monitoring all equity, fixed income and FX settlements for all of GMO’s investment strategies. The team takes a proactive approach, beginning on trade date and following through until successful market settlement.  The analyst will liaise between brokers, custodians, and GMO’s Trading team to mitigate risk due to failing trades and identify and resolve any settlement issues. The team handles the maintenance of ISDA/CSA information in our collateral management system, daily reconciliation of collateral balances at our counterparties and custodians, and the instruction of daily collateral movements. The team also manages the review and signing of all OTC Derivative trades executed by GMO.  This position offers exposure to GMO’s various investment, operational and technology groups, and an opportunity to enhance individual analytical & technical skills.

Primary Duties and Responsibilities

Monitor trade settlement of equity, fixed income, and derivative transactions

Maintain accurate custodian and broker settlement instructions

Assist in the creation and negotiation of market opening documentation

Ensure the timely and accurate processing of all collateral movements between our custodian banks and counterparties

Verify and instruct all OTC, future, and repurchase agreement collateral movements

Reconcile collateral balances to both counterparties and custodians on a periodic basis

Identify and resolve all valuation discrepancies/disputes in a timely manner

Ensure timely receipt, detailed review, signoff, and storage of all OTC derivative confirms

Assist on ad hoc projects

Desired Skills and Experience

The successful candidate will be required to have a minimum of three to five years of industry experience directly supporting the lifecycle of both listed securities and derivatives.

Strong analytical skills – the Settlements and Collateral Analyst must have experience working with complex instruments and the ability to explain and/or resolve exceptions.

Strong work ethic and attention to detail—the day-to-day responsibilities will require focus and dedication to problem solving. Ownership is the key. Issues must be resolved in a timely manner and seen through to completion.

Detailed understanding of the lifecycle of a trade from implementation through settlement with a demonstrated understanding of the various settlement cycles and the nuances of global markets.

Excellent communication skills. Demonstrated ability to effectively communicate with multiple internal and external counterparts to resolve operational issues (For example, direct communication with GMO Compliance, GMO Trading, and external brokers.)

Demonstrated ability to multi-task and prioritize between multiple market deadlines.

Strong working knowledge of SWIFT messaging.

Ability to work under pressure and independently.

Bachelor’s degree required.

Knowledge of Aladdin, FXAll, Acadia MarginSphere, TriResolve, DTCC, and Alert is a plus.

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