FAAS Manager

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.

EY GDS- Assurance FAAS – Manager – Trade Operations Specialist

In a world that is changing faster than ever, our purpose acts as our ‘North Star’ guiding our more than 300,000 people – providing the context and meaning for the work we do every day. In doing so, we play a critical role in building a better working world for our people, clients and communities. Thanks to our innovative services in auditing, tax consulting as well as transaction and management consulting, we proudly drive our clients into the future. As the only one of the Big 4 with a specialist cross-border practice dedicated to the Financial Services Sector, we offer our clients seamless, consistent and high-quality services around the globe. With our Assurance Services, we strengthen public confidence in global capital markets and promote sustainable growth. If you are looking to develop your individual skills whilst working in interdisciplinary and multicultural teams, come join us!

We provide advisory services encompassing:

• Accounting, reporting and controlling process assessment and design including information systems implementation
• Finance process optimization and automation incl. Robotics Process Automation
• Accounting and regulatory support on accounting change in IFRS (IFRS conversion and implementation, new standards implementation)
• Financial consolidation
• Transactions accounting
• Audit readiness and audit remediation services
• Finance function strategic transformation
• Data analytics and visualization
• Investment Accounting, hedge accounting and derivative accounting
• Short term assignments to finance functions – accounting specialist, compliance specialist, consolidation specialist, controller etc.

Key Roles and Responsibilities:

Collateral Management Operations

• Lead end-to-end collateral management processes for OTC derivative portfolios across various asset classes.
• Provide oversight over exposure calculations and validate margin requirements in accordance with client methodologies and collateral agreements.
• Review and challenge collateral balances, margin movements and settlement information to lead ongoing collateral management activities.
• Oversee collateral eligibility, thresholds, minimum transfer amounts and other key agreement terms.
• Lead collateral call administration activities through preparation, validation and tracking of collateral requirements.
• Drive operational excellence, process standardization and automation initiatives.

Reconciliations and Exception Management

• Oversee reconciliations and exception management processes across counterparties and internal records.
• Manage escalation and resolution of collateral breaks, valuation differences, operational/ aged exceptions and collateral-related discrepancies.
• Monitor KPI/ KRI reporting, trackers, issue logs and exception reporting.

CSA and Documentation Support

• Review and interpret Credit Support Annex (CSA) provisions and provide guidance to document key collateral terms within operational processes.
• Lead collateral onboarding activities and operational readiness assessments.
• Maintain governance collateral reference data, procedures, SOPs and controls.

Reporting, Controls and Governance

• Manage collateral management reports, dashboards and management information packs.
• Monitoring of key risk indicators, operational metrics and service-level agreements.
• Establish and maintain relationships with client management and global stakeholders.
• Supervise engagement execution, planning, budgeting and resource management.

Our Requirements:

• 6-10 years of experience in Collateral Management, Treasury Operations, Derivatives Operations, Capital Markets Operations or Risk Operations.
• Bachelor’s or Master’s degree in finance, complemented with a further relevant professional education (e.g. Chartered Accountant, CPA, CFA or ACCA)
• Experience supporting FX, derivatives, fixed income or money market products.
• Advanced Excel/Power BI skills/ data analytics - familiarity with data visualization and reconciliations.
• Strong knowledge of collateral management and OTC derivative operations.
• Good understanding of IFRS/US GAAP and International auditing standards.
• Knowledge of IFRS/ US GAAP for financial instruments
• Knowledge of ISDA and CSA documentation.
• Strong written and verbal communication, presentation, and technical writing skills.
• Ability and comfort level in overseeing client inquires and emerging issues, including regulations,industry practices and new technologies.

EY | Building a better working world

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.