Senior Manager, Margin & Collateral Management

Selby Jennings is partnering with a large, multinational banking and financial services institution with a strong global capital markets footprint to identify a Senior Manager within Margin & Collateral Management. This individual will play a key leadership role supporting Prime Brokerage, securities financing, and repo activity across a sophisticated institutional and hedge fund client base. The position sits within a global operations function and serves as a senior technical authority on margin regulation, collateral frameworks, and operational risk.

This role combines deep regulatory expertise with hands‑on oversight of margin and collateral processes, close partnership with front‑office, risk, compliance, and technology teams, and regular engagement with senior stakeholders and governance forums.

Key Responsibilities

Prime Brokerage Margin Oversight

• Oversee daily margin monitoring and call issuance across a Prime Brokerage platform, ensuring accuracy, timeliness, and adherence to regulatory and internal standards.
• Perform detailed reviews of portfolio exposures, eligible collateral, and margin methodologies prior to call release.
• Monitor client accounts for margin deficiencies, limit breaches, or atypical trading activity, escalating issues to senior management as required.
• Partner closely with relationship managers, risk teams, compliance, and operations to support hedge fund and institutional client financing activity.
• Support client onboarding, review of margin documentation, and ongoing management of bespoke margin terms and financing arrangements.

Securities Lending & Borrowing Collateral

• Manage daily collateral activity related to securities lending, including margin calls, recalls, settlements, exposure reconciliation, and corporate action impacts.
• Ensure triparty and bilateral lending arrangements remain fully collateralized in accordance with agreed frameworks and controls.
• Support short‑selling and financing activity through effective collateral utilization, optimization, and rehypothecation practices.

Repo & Financing Margining

• Oversee margining and collateral management for repurchase agreements, ensuring compliance with contractual documentation and regulatory expectations.
• Manage daily margin movements, settlements, and related reporting with strong operational controls.
• Maintain working knowledge of industry documentation such as GMRA and similar financing agreements.

Regulatory Margin & Governance

• Act as a senior operational subject matter expert on U.S. margin regulation impacting broker‑dealer and bank financing activity.
• Provide guidance on regulatory interpretation and implementation across Prime Brokerage, repo, and securities financing businesses.
• Support regulatory exams, internal audits, and supervisory reviews, including preparation of documentation and process walkthroughs.
• Partner with legal and compliance teams to assess regulatory developments and implement required procedural updates.

Client Financing & Complex Portfolio Support

• Provide margin analysis across complex hedge fund and institutional portfolios, including equities, options, swaps, and financing transactions.
• Support client inquiries related to margin requirements, collateral efficiency, and portfolio impact.
• Assist in structuring and reviewing client‑specific margin and financing arrangements.

Collateral, Liquidity & Balance Sheet Impact

• Oversee collateral eligibility criteria, haircut schedules, substitutions, and utilization across financing activities.
• Monitor collateral usage and margin flows in support of liquidity planning and funding considerations.
• Provide operational insight on the balance sheet and capital impact of margin and collateral movements, partnering with treasury and risk functions.

Technology, Automation & Infrastructure

• Collaborate with technology teams on enhancements to margin and collateral platforms, calculation engines, and exposure analytics.
• Support implementation of regulatory‑driven system changes and margin model enhancements.
• Drive automation and data initiatives to improve transparency, reduce manual processes, and strengthen operational resilience.

Leadership & Stakeholder Engagement

• Prepare reporting on margin exposure, risk metrics, and regulatory topics for senior management and governance committees.
• Serve as a key point of contact for audit, model validation, and regulatory stakeholders.
• Provide technical leadership and mentorship within margin and collateral operations teams.

Qualifications & Experience

• 10+ years of experience across margin operations, collateral management, Prime Brokerage, or securities financing within a global bank or broker‑dealer.
• Deep expertise in U.S. margin regulations, including Federal Reserve and SEC/FINRA frameworks, with the ability to interpret and apply margin requirements to complex portfolios.
• Strong understanding of collateral management across Prime Brokerage, securities lending, repo, swaps, and structured financing products.
• Proven experience supporting hedge fund and institutional client activity across equities, derivatives, and financing structures.
• Familiarity with industry documentation frameworks such as GMRA, MSLA/GMSLA, and Prime Brokerage agreements.
• Experience engaging with regulators, internal audit, and compliance functions in a controlled, risk‑sensitive environment.
• Demonstrated leadership capability within high‑volume operational teams.
• Exposure to margin, collateral, and securities finance platforms is preferred.
• Relevant operations or regulatory registration are strongly preferred.