Collateral Analyst:
On behalf of our Banking client, Procom is searching for a Collateral Analyst for a 6-month role. This position is a hybrid position with 4 days onsite at our client’s Toronto office.
Collateral Analyst - Job Description:
The role involves issuing and responding to OTC collateral margin calls, ensuring daily cash deadlines are met for collateral bookings, and reconciling and following up on failed moves.
Collateral Analyst - Responsibilities:
- Validate and ensure 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 the specified timeframe according to the CSA terms
- Manage collateral inventory (non-cash) positions 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
- Respond 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
- Update procedure documents as required
- Ensure client data is accurately maintained in the 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 requests
- Provide extended coverage during the absence of team members (e.g., vacation)
Collateral Analyst - Mandatory Skills:
- Bachelor’s/Master’s in Finance
- 1 to 4 years of experience in the financial industry, preferably Capital Markets
- Understanding of RBFG risk policies and standing order
- Proficient in the use of Microsoft Office suite (adept in Excel)
- Knowledge of Capital Market products, trade systems, and business lines
- Working knowledge of derivative products and related documentation
Collateral Analyst – Nice-to-Have Skills:
Collateral Analyst – Assignment Length:
This is a 6-month contract position.
Collateral Analyst - Start Date:
ASAP
Collateral Analyst - Assignment Location:
Toronto, Ontario, Canada, with a hybrid work arrangement requiring 4 days in the office.
This posting is for an existing vacancy.
This employer uses both human and technology-assisted tools to support candidate screening and assessment. Final hiring decisions are made by people.
