Western Asset Securities Operations Specialist - REIT in Pasadena, California

Individual will be responsible for all operational duties associated with derivatives traded within the publicly traded REIT: WMC

REIT Operations Specialist:

Responsible for the day to day derivative operational activates in support of the REIT.

  • Collateral Management

  • Calculate potential margin calls to and from the counterparties

  • Validate and issue margin calls

  • Monitor collateral income proceeds

  • Instruct receipt / delivery of collateral to / from the counterparties

  • Monitor and calculate interest on cash collateral

  • Dispute resolution and fails management

  • Manage Collateral substitutions

  • Manage re-hypothecation with a view of providing accurate cash to the investment team

  • Support the trading desk by providing timely exposure and collateral movements

  • Communicate and escalate pricing disputes

  • Act as a liaison between Custodian and counterparties for the investigation and resolution of issues

  • Record daily collateral movements

  • Oversight Functions:

  • Daily exposure reconciliation to custodian to ensure calculation accuracy for appropriate demands/calls

  • Identify and resolve discrepancies

  • Review daily dispute report

  • Weekly collateral balance reconciliation

  • Weekly operational review meetings

  • Monitor and calculate interest on cash collateral

  • Project communication

  • Carry out management review and control of the oversight process

  • Detailed knowledge in Derivatives Operations

  • Experience of Derivative Confirmations, Settlement, Margining and Collateral Management

  • Knowledge of Repo preferred

  • Knowledge of swift preferred

  • Excellent communication and interpersonal skills

  • Ability to interact and communicate with senior members of the organization

  • Strong computer skills and a good working knowledge of Microsoft Excel

  • Strong analytical and problem solving skills

  • Three plus years of related experience

Academic Qualifications (minimum requirements):

Undergraduate degree in related field. Experience may offset academic requirements.

External Company Name: Western Asset

External Company URL: www.westernasset.com