AVP Client Services
New York, NY
- The Client Service group was formed within ADCS Prime Services to handle the margining of the banks Client' s Cleared & OTC derivatives transactions in a centralized clearing environment.
- Proper margining of these trades for the Business reduces exposure of clients to counterparty risk, provides segregation of client funds, enables long- term potential for cross-product netting, and meets new regulatory requirements mandated by Client.
- The Client Services group monitors the firm' s counterparty risk by issuing margin calls and ensuring that clients post the appropriate collateral while maintaining an exemplary level of client service.