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Western Asset Supervisor of Cash Control and Collateral in Pasadena, California

Keep pace with our success

Oversee a dynamic team that provides Cash Control and Collateral Management support to the organization. Bring your leadership, vendor management expertise and organizational skills to the organization. The Cash Control and Collateral Management team works closely with internal departments, brokers and custodians to ensure accuacy and efficiancy in Western's transactions.

What you will do:

Manage a team of approximately 8 staff members whose responsibilities include:

  • Daily calculation of available investable cash for all Repo eligible accounts

  • Confirmation and allocation of all Repo and Reverse Repo trades executed by the Cash desk

  • Processing and settlement of Repo and Reverse Repo trades

  • Coordination of instruction, settlement, and reconciliation of complex repurchase agreement trade activity in REIT products

  • Calculation and instruction of pair-off/wire amounts related to repo activity in REIT products

  • Communication to the trading desk of all cash deficient portfolios on a daily basis

  • Verify all daily cash flows in all Western Asset accounts and communicate to various internal departments

  • Maintenance of STIF rates database weekly

  • Work with Cash Desk to continually improve Cash processes, such as Repo allocation and daily overdraft process

  • Continual process improvement for cash forecasting process and open items resolution process

  • Timely issuance of and response to margin calls from counterparties on a daily basis

  • Resolve margin call disputes by researching position and mark to market discrepancies

  • Settle coupon payments from securities collateral and interest on cash collateral

  • Communicate with internal departments, brokers, and custodians to facilitate the resolution of all, time sensitive cash and collateral issues

Join a team of finance professionals

This is a fast-paced, high-pressure and collaborative team environment where the pace of change is rapid. We need people who are flexible, curious, innovative and adaptable. Open to new ideas and new ways of working, you’ll combine excellent powers of analysis with good people skills. This is a group that is constantly enhancing processes and seeking operational efficiencies to support the investment process.

What you will bring:

  • Proven leadership, vendor management and escalation qualities/skills

  • Demonstrate track record of managing small teams

  • Minimum 5 Years of Fixed Income operations experience

  • Thorough understanding of Repo securities (and all fixed income) trade settlement and activity

  • Basic understanding of Derivatives products and related collateral management processes.

  • Possess excellent organizational and time management skills

  • Strong understanding of features for different securities across various sectors of the fixed income market

  • Ability to multi-task and absorb information quickly

  • Ability to work in a fast paced, time sensitive environment

  • Ability to work independently on projects

  • Work well in a team environment

  • Possess excellent verbal and written communication skills

  • Strong excel skills, preferably macro writing capabilities

About Western Asset

At Western Asset we’re saying hello to the future. Committed to being the leading fixed-income investment management firm in the world, we’re investing in new technologies, methodologies and markets. We’re also investing in our people. Our business is guided by a belief in doing the right thing: that if we treat our clients and colleagues with fairness and respect, success will follow. We’re building on our reputation and resources with an entrepreneurial approach that drives innovation. Every day is an opportunity for us to get better by making the most of the possibilities that our people and ideas can bring.

External Company URL: www.westernasset.com

Street: 385 East Colorado Blvd

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