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Procom

Collateral Analyst

  • Toronto, ON, Canada

$32 to $40 CAD / hour · Contract

This opening has closed.

The original listing is kept below for reference.

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Job details

Pay
$32 to $40 CAD / hour
Job type
Contract
Closing date
Experience
1 to 4 years of experience in the financial industry, preferably Capital Markets
Posting language
English
Posted

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Original job description

Archived listing. The details below describe a past opening.


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:

  • CSC


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.
About employer
More about this job

Responsibilities

Issue, validate, and respond to OTC margin calls; manage eligible collateral and cash movements; and complete reconciliations, forecasting, and follow-up on failed transfers. Maintain accurate collateral records and procedures, support counterparties and audits, assist with testing and reporting, and provide team coverage as needed.

Requirements

A bachelor's or master's degree in Finance and 1–4 years of financial industry experience, preferably in Capital Markets, are required. Candidates should understand risk policies and standing orders, be proficient with Microsoft Office - especially Excel - and have knowledge of Capital Markets products, trade systems, derivative products, and related documentation; the CSC is an asset.

Skills

  • OTC Collateral Margin Calls
  • Margin Call Processing
  • Collateral Management
  • Collateral Reconciliation
  • Cash Forecasting
  • Collateral Inventory Management
  • SWIFT
  • Counterparty Management
  • Derivative Products
  • Capital Markets
  • Microsoft Excel
  • Microsoft Office
  • CSA Documentation
  • Risk Policies
  • Business User Testing
  • Operational Onboarding

Visa sponsorship

Not detected in the job text

Categories

  • Finance & Accounting
  • Data & Analytics
  • Administrative

Keywords

  • OTC Collateral
  • Margin Calls
  • Collateral Management
  • Collateral Reconciliation
  • Cash Forecasting
  • Collateral Inventory
  • Eligible Credit Support
  • CSA Terms
  • SWIFT
  • Counterparties
  • Capital Markets
  • Derivative Products
  • Trade Systems
  • Risk Policies
  • Standing Orders
  • Microsoft Office
  • Microsoft Excel
  • Business User Testing
  • System Integration
  • Operational Onboarding
  • Collateral Management System
  • Audit Requests
  • Funding Reports
  • Financial Industry
  • CSC

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