Settlements and Collateral Analyst

Company Profile

Founded in 1977, GMO is a global investment manager committed to delivering superior long-term investment performance and advice to our clients. We offer strategies and solutions where we believe we are positioned to add the greatest value for our investors. These include multi-asset class, equity, fixed income, and alternative offerings.

We manage approximately $65bn for a client base that includes many of the world’s most sophisticated institutions, financial intermediaries, and private clients. Industry-wide, we are well known for our focus on valuation-based investing, willingness to take bold positions when conditions warrant, and candid and academically rigorous thought leadership. Jeremy Grantham, GMO’s Co-Founder and Long-Term Investment Strategist, is renowned as an expert in identifying speculative investment bubbles and also as a leading climate investor and advocate.

GMO is privately owned and employs over 430 people worldwide. We are headquartered in Boston, with additional offices in Europe, Asia and Australia. Our company-wide culture emphasizes commitment to clients, intellectual curiosity, and open debate. We celebrate and respect our differences, while embracing and valuing what each of us brings to work, as we know that diverse teams in an inclusive, caring environment achieve higher engagement and better client results.

Please follow the prompts included in this job posting to apply. The application window for this role is anticipated to remain open until the job is filled, or as otherwise determined by GMO.

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 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 one to three years of industry experience directly supporting the lifecycle of both listed securities and derivatives.
• Strong analytical skills - the Settlements and Collateral Analyst must have the ability to work with complex instruments and 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.
• General 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 with an 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.
• Working knowledge of SWIFT messaging.
• Ability to work under pressure and independently.
• Knowledge of Aladdin, TradeNeXus, Acadia MarginSphere, TriResolve, TradeServ, and Alert is a plus.

GMO is committed to the recruitment, employment, and promotion of all candidates equally, regardless of an individual's gender, race, color, national origin, ancestry, age, religion, pregnancy, marital status, sexual orientation, gender identity or expression, military or veteran status, genetic information, physical or mental disability (except where such disability is a bona fide occupational disqualification) or any other classification protected under federal, state or local law.

GMO will not offer visa sponsorship for this opportunity.