Collateral Analyst

RBC•Bedford, NS

1d•Onsite

About The Position

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

Active Learning
Adaptability
Business Appraisals
Critical Thinking
Customer Service
Decision Making
Effectiveness Measurement
Operational Delivery
Process Improvements

Responsibilities

Validating and ensuring all margin calls are issued on a timely basis and perform end to end margin processes.
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.
Instruct and approve collateral movements via SWIFT/email and or FAX.
Perform cash forecasting as required intra-day.
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.
Provide extended coverage during absence of team members (e.g. vacation).