Margin Clerk compiles data and determines customer margin in stock purchased. Determines brokerage fees and notifies supervisor when customer margin is less than government regulations or brokerage firm requirements. Being a Margin Clerk researches customer margin account problems using customer account information and transaction records. May require an associate degree. Additionally, Margin Clerk typically reports to a supervisor or manager. The Margin Clerk works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Margin Clerk typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)
Post the financial crisis, the financial services industry continues to evolve and re-invent itself, partly driven by global financial reform. At the forefront of financial reform are regulatory efforts to decrease systemic and counterparty risk with an aim at standardizing certain trading and risk management practices. In the middle of these efforts is the need to collateralize/margin transactions executed or cleared between financial firms. If you are interested in an evolving fast paced environment at the forefront of industry transformation, please join us!
Job Summary
The Collateral Services Team supports bilateral OTC derivative collateral requirements and all related settlements. The Client Service Representative will deal primarily with buy-side clients (Hedge Funds, Investment Advisors/Asset Managers) and will develop partnerships internally with various Marketers/Salespeople, individuals in Prime Brokerage, Credit Executives, Middle Offices, and Line of Business Operations Teams
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