Repo & Collateral Specialist

Goodman Masson is partnering with a new financial markets infrastructure venture under formation in Oman. Backed by prominent institutional investors, the business is building a greenfield platform from the ground up, and is now hiring at the build stage. This is a rare chance to help stand up critical market infrastructure from a blank sheet and then run what you have built.

The role

As Repo & Collateral Specialist, you will be the operational authority for the platform's repo and collateral services, helping establish one of the defining capabilities of a modern financial market infrastructure. From bilateral repo settlement and tri-party collateral management through to margining, default management and Shari'a-compliant financing structures, you will play a pivotal role in designing and operating a world-class service from day one.

This is a hands-on opportunity for an experienced practitioner who has personally managed repo transactions, collateral movements, margin calls and default scenarios in a live market environment. During the build phase you will design the operating model, controls and frameworks that will underpin the platform. During the run phase you will operate and continuously enhance the service you have helped create.

What you will do

• Own the end-to-end processing of bilateral repo transactions, including opening and closing settlements, mark-to-market adjustments, substitutions and lifecycle events
• Manage the operational delivery of the tri-party collateral service, including collateral allocation, optimisation, substitutions and release
• Develop and maintain collateral eligibility criteria, valuation methodologies, haircut frameworks and concentration limits
• Operate the daily margin process, including exposure calculations, margin calls, dispute resolution and escalations
• Process Shari'a-compliant financing structures including murabaha, tawarruq and wakala, ensuring operational accuracy and compliance
• Manage corporate actions affecting collateralised positions, working closely with the Corporate Actions Specialist to ensure correct entitlement and valuation treatment
• Support default management processes, including close-out procedures, collateral realisation and regulatory testing
• Design the repo and collateral operating model, procedures, runbooks and reconciliation framework during the build phase
• Build strong operational relationships with primary dealers, custodians, settlement banks, ICSDs and other market participants
• Support participant testing and onboarding to ensure market readiness ahead of go-live

What you will bring

• Degree in finance, accounting, economics, business or a related discipline
• At least ten years' hands-on experience in repo and collateral operations within a CSD, ICSD, custody bank, primary dealer, tri-party provider or major financial institution
• Proven practitioner experience managing bilateral repo settlement, tri-party collateral management, margin processing and default management
• Experience designing or significantly enhancing repo lifecycle models, collateral frameworks or tri-party operating models
• Strong understanding of collateral valuation, eligibility frameworks, haircut methodologies and margin calculation
• Working knowledge of legal documentation including GMRA, GMSLA and ISDA Credit Support Annex
• Experience managing collateral through market stress, valuation disputes and counterparty events
• Excellent communication skills with the ability to explain complex repo and collateral concepts clearly to both technical and business audiences
• Fluent English, written and spoken

Also of interest

• Experience processing Shari'a-compliant repo structures including murabaha, tawarruq and wakala
• Knowledge of AAOIFI standards for Islamic finance
• Experience using major tri-party collateral platforms such as Euroclear, Clearstream, BNY Mellon or JP Morgan
• Familiarity with SWIFT ISO 15022 and ISO 20022 messaging for repo and collateral, including MT527, MT558, MT569 and colr messages
• Understanding of the CPMI-IOSCO Principles for Financial Market Infrastructures
• Experience working within an international financial centre or regulated financial market infrastructure
• Arabic language skills

Location and terms

Based in Muscat, Oman.

Permanent for Omani nationals; two-year fixed-term contract for expatriate hires.

If this is your kind of build, please apply now!