Closed listing
Analyst, Collateral Management Services
- Toronto, ON, Canada
Pay Rate: $41.19/hr - $48.66/hr · Contract
This opening has closed.
The original listing is kept below for reference.
Job details
- Pay
- Pay Rate: $41.19/hr - $48.66/hr
- Job type
- Contract
- Closing date
- Posting language
- English
- Posted
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Search current openingsOriginal job description
Archived listing. The details below describe a past opening.
- Location: Toronto, ON - Hybrid (4 days a week)
- Pay Rate: $41.19/hr - $48.66/hr
- Contract Length: 6 Months with possibility for extension
Responsibilities
Variation and Initial Margin Requirements
- 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)
- Fulfillment of Client variation and initial margin requirements = 60%
- Operational Controls and Reporting = 25%
- Administrative = 15%
- 1 to 4 experience in financial industry preferably Capital Markets
- Understanding of RBFG risk policies and standing order
- Proficient in 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 documentations
Required: Post-secondary education (undergraduate) or equivalent
Preferred: CSC or CFA an asset
Additional Capabilities And Skills
- 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
- Agreement to margin calls including collateral utilization for fulfillment of margin requirements
- Submit request to RMG/CMU to raise additional collateral
- Escalate areas of concern/risk and raise awareness
- Make business recommendations on ways to improve individual/team operational efficiency
- Influence collateral funding decision with feedback on counterparty operational risk
- Feedback to business and internal support teams on operational considerations/requirements
- Reporting requirements for regulatory and internal purposes
Counterparty Credit Risk (CCR)
- Escalation and reporting of disputes and/or issues related to Clients margin requirements
- Reviewing CSA agreement data and setup
- Fulfilment of Clients variation and initial margin requirements
- Reconciliation and onboarding inquiries
- General operational and margin inquiries
- Assist in collateral optimization efforts
- Ensure sufficient availability of collateral to fulfil Clients margin requirements
- Assist with new initiatives
- Receive directions on daily activities and/or projects
- Escalation of issues
- 1-4 Years with OTC derivates products and related documentations/Collateral Management
- Knowledge of Capital Market products, trade systems and business lines
- Excel
- CSC or CFA an asset
- Colline, APEX, RIMMS, Acadiasoft, Trioptima.
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More about this job
Responsibilities
Manage end-to-end variation and initial margin processes, including timely margin calls, collateral transfers and inventory, cash forecasting, reconciliations, and issue escalation. Support operational controls, counterparty onboarding, system testing, procedure updates, reporting, audits, and team coverage.
Requirements
Requires an undergraduate post-secondary education or equivalent and 1–4 years of financial industry experience, preferably in capital markets, with OTC derivatives and collateral management knowledge. Candidates should understand capital markets products and systems, be proficient with Microsoft Office - especially Excel - and demonstrate strong communication, analytical, multitasking, and accuracy skills; CSC or CFA is an asset.
Skills
- Collateral Management
- Variation Margin
- Initial Margin
- OTC Derivatives
- Capital Markets
- Collateral Reconciliation
- Collateral Optimization
- Cash Forecasting
- Counterparty Risk
- CSA Documentation
- SWIFT
- Microsoft Excel
- Operational Controls
- Regulatory Reporting
- Analytical Problem Solving
- Attention To Detail
Visa sponsorship
Not detected in the job text
Categories
- Finance & Accounting
- Data & Analytics
- Administrative
Keywords
- Collateral Management
- Variation Margin
- Initial Margin
- OTC Derivatives
- Capital Markets
- Credit Support Annex
- Collateral Inventory
- SWIFT
- Cash Forecasting
- Portfolio Reconciliation
- Counterparty Risk
- Collateral Optimization
- Microsoft Office
- Microsoft Excel
- Colline
- APEX
- RIMMS
- Acadiasoft
- TriOptima
- Business User Testing
- System Integration
- Regulatory Reporting
- Operational Controls
- CSC
- CFA