Senior Associate – US Domestic SLAB & Collateral Management (Mid -level)

Role Title: Senior Associate – US Domestic SLAB & Collateral Management (Mid -level)

ECLARO: A quick Summary

ECLARO is an award-winning professional services firm headquartered in New York City and operating in the U.S., Canada, UK, Ireland, Australia and the Philippines. We are dedicated to a singular purpose: providing the Right People to meet every client's needs and solve business challenges through strategic staffing, permanent placement, custom outsourcing & offshoring. Utilizing our proprietary TRINIT-E® Service Maturity Model, we help clients implement programs to promote innovation, automation and process improvement.

About the role:

The Senior Associate supports daily SLAB and collateral management operations, including collateral trade bookings, recalls, returns, triparty coordination, and exposure monitoring. The role ensures timely settlement, effective risk mitigation, and adherence to operational and regulatory requirements while partnering closely with traders, sales, custodians, and other internal support teams.

Key Responsibilities:

• Process collateralised agreements supporting derivatives, securities lending, and repo activity.
• Book collateral trades and manage exposures on bilateral arrangements.
• Perform recall and return bookings based on counterparty requests.
• Coordinate triparty recalls or desk borrow requests to prevent shorts or buy-in risks.
• Request pledge-in of collateral to resolve triparty short positions.
• Investigate and resolve Nostro and Depot reconciliation breaks.
• Pass necessary entries in internal systems to clean up outstanding items.
• Investigate and resolve accounting breaks raised by Control & Accounting teams.
• Monitor and act on market risks, including potential buy-ins.
• Improve STP rates through accurate static data maintenance.
• Reduce manual instructions to minimize cost, operational risk, and settlement errors.
• Escalate operational risks to management as needed.
• Maintain strong working relationships with traders, sales, domestic agents, and custodians.
• Document procedures and support training and onboarding of new joiners.

kills & Qualifications:

• Strong analytical, organizational, and reporting skills.
• Ability to work in dynamic and international environments.
• High attention to detail and responsiveness under pressure.
• Adherence to compliance procedures and operational controls.
• Knowledge of financial markets, SLAB processes, collateral management, and Excel.
• Strong English communication skills.

Education & Experience

• Bachelor's degree or equivalent.
• 3 to 5 years relevant experience in US securities settlements.
• Experience in using U.S. domestic settlement systems such as DTCC and Fedwire
• Experience with Tri-party platforms is a strong advantage.

If you are passionate about providing top-notch customer service and are eager to grow in the financial services industry, we encourage you to apply!