Manage end-to-end collateral processes for OTC derivatives, futures, and financing products. Perform margin calls, reconciliations, dispute resolution, collateral movements under ISDA/CSA, maintain collateral data, support onboarding, process improvement, system enhancements, audits, and regulatory inquiries while partnering with trading, investment, risk, legal, custodians, and counterparties.
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 investment 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 $80bn 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 Collateral Analyst is responsible for the end-to-end management of collateral processes across OTC derivatives, listed products, and financing transactions. This role requires a strong understanding of margin methodologies, legal agreements, and regulatory requirements, along with the ability to independently manage daily workflows and resolve complex exceptions.
The successful candidate will serve as a key contributor within the collateral management function, partnering closely with Investment Teams, Trading, Risk, Legal, and external counterparties to ensure accurate and timely margining, dispute resolution, and collateral movements. This role also plays an important part in strengthening operational controls, improving processes, and supporting system and workflow enhancements across the collateral lifecycle.
PRIMARY DUTIES AND RESPONSIBILITIES
- Oversee daily collateral operations across OTC derivatives, futures, and financing products, ensuring accurate and timely margin calls, settlements, and reconciliations
- Independently manage collateral relationships with counterparties and custodians, including escalation and resolution of margin disputes
- Perform detailed reconciliations of collateral balances and exposure reports, identifying discrepancies and driving resolution through to completion
- Review, validate, and instruct collateral movements in accordance with ISDA/CSA and other governing agreements
- Maintain and enhance collateral data within internal systems, including legal agreement terms and margin parameters
- Act as a subject matter resource for collateral processes and margin methodologies
- Partner with Investment Teams, Trading, Risk, Legal, and Technology teams to support onboarding and process enhancements
- Ensure timely review and execution of OTC derivative confirmations
- Identify opportunities to improve workflows, increase automation, and strengthen controls
- Support audits, regulatory inquiries, and internal reporting
DESIRED SKILLS AND EXPERIENCE
- 5+ years of industry experience with 3+ years in collateral management, derivatives operations,
- Strong understanding of variation margin (VM), initial margin (IM), and margin methodologies
- Working knowledge of ISDA/CSA, GMRA, and related legal documentation
- Proven ability to independently manage margin processes and resolve disputes
- Experience analyzing and resolving valuation disputes with internal and external stakeholders
- Familiarity with regulatory requirements such as Uncleared Margin Rules
- Strong understanding of investment fund operations, including custody and fund accounting workflows and their impact on NAV
- Working knowledge of coupon/income accruals
- Strong analytical and problem-solving skills
- Excellent communication skills
- Ability to manage competing priorities in a fast-paced environment
- Strong ownership mindset with focus on process improvement and efficiency
- Experience contributing to system enhancements or automation initiatives preferred
- Direct experience with Aladdin’s collateral management functionality is required
- Knowledge of systems such as Acadia MarginSphere, TriResolve, and TradeServ
- Working knowledge of SWIFT messaging
or a related function
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.
GMO Boston, Massachusetts, USA Office
40 Rowes Wharf, Boston, MA, United States, 02110
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