Collateral Analyst

RBC • Toronto, ON

1d • Onsite

About The Position

The opportunity is to assess, monitor, and manage the collateral held and pledged by the Royal Bank of Canada in accordance with the ISDA Master and CSA Agreements. This role involves mitigating counterparty credit risk through the fulfillment of RBC’s variation and initial margin requirements. The Collateral Analyst acts as a first line of defense to the trading business, ensuring accurate books and records are maintained while providing a seamless client experience.

Requirements

• Post-secondary education (undergraduate) or equivalent in a relevant field.
• Excellent verbal, written, and interpersonal skills, and the ability to work collaboratively with diverse groups of people across the organization.
• Demonstrated ability to multi-task effectively and work in fast-paced environment.
• Strong analytical and problem solving skills.
• High degree of accuracy and attention to detail.

Nice To Haves

• CSC or CFA

Responsibilities

• Assemble collateral information daily, making timely calls for collateral using internal collateral management system.
• Ensure agreement and transfer of eligible credit support within specified timeframe in accordance to the terms of the CSA.
• Management of collateral inventory (non-cash) positions to ensure sufficient levels to fulfill daily margin requirements.
• Ensure all collateral booked is processed accurately and in accordance with the CSA terms and other relevant documents.
• Perform portfolio and collateral reconciliations with counterparties.
• Escalate all issues as per agreed terms and standing orders.
• Responding to inquiries on a timely basis.
• Involved in business user testing for enhancements and system integration.
• Operational onboarding of new and/or existing counterparties for applications and services related to the collateral management process.
• Updating of procedure documents as required.
• Ensuring client data is accurately maintained in collateral management system and other documents as required.
• Assist in preparation of margin requirement/funding report and other ad-hoc reports as required.
• Respond to audit request.
• Training of staff on new and/or existing processes.
• Provide extended coverage during absence of team members (e.g. vacation).

Benefits

• bonuses
• flexible benefits
• competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Flexible work/life balance options

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree