Collateral Analyst

• 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

• Mitigation of counterparty credit risk through the fulfillment of RBC’s variation and initial margin requirements

• Act as a first line of defense to the trading business, ensuring accurate books and records are maintained while providing a seamless client experience

What will you do?

Variation and Initial Margin Requirements

• 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

Operational Controls and Reporting

• 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

Administrative

• Respond to audit request

• Training of staff on new and/or existing processes

• Provide extended coverage during absence of team members (e.g. vacation)

What you need to succeed?

Must-have

• 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-have

• CSC or CFA

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation

• Leaders who support your development through coaching and managing opportunities 

• Work in a dynamic, collaborative, progressive, and high-performing team

• Opportunities to do challenging work

• Flexible work/life balance options