Western Asset

Returning Candidate?

Securities Operations Specialist - REIT

Securities Operations Specialist - REIT

Investment Support


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.