Analyst, Collateral Management Services

Job summary

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.

Job details

Location: Toronto, ON - Hybrid (4 days a week) Pay Rate: $41.19/hr - $48.66/hr Contract Length: 6 Months with possibility for extension We at Raise are hiring a Analyst, Collateral Management Services for one of our top clients. After establishing themselves as an industry leader, they’re now expanding their team to meet rising demand. We’re hiring right now; if you’re interested, apply below for your chance to join a great place to work 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 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 Provide extended coverage during absence of team members (e.g. vacation) Time Allocation (%) Job Mandate Reference Guide Fulfillment of Client variation and initial margin requirements = 60% Operational Controls and Reporting = 25% Administrative = 15% Types Of Experience Required 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 Education, Certification And Designation Requirements 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 Level Of Responsibility & Decision 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 What types of recommendations does the job provide to others? 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 Key Relationships Counterparty Credit Risk (CCR) Escalation and reporting of disputes and/or issues related to Clients margin requirements Reviewing CSA agreement data and setup Client/Counterparties Fulfilment of Clients variation and initial margin requirements Reconciliation and onboarding inquiries General operational and margin inquiries Global Markets Resource Management Group (RMG) and Collateral Management Unit (CMU) Assist in collateral optimization efforts Ensure sufficient availability of collateral to fulfil Clients margin requirements Manager and Head of Collateral Management Services Assist with new initiatives Receive directions on daily activities and/or projects Escalation of issues Must Have 1-4 Years with OTC derivates products and related documentations/Collateral Management Knowledge of Capital Market products, trade systems and business lines Nice To Have Excel CSC or CFA an asset Colline, APEX, RIMMS, Acadiasoft, Trioptima. Looking for meaningful work? We can help! Raise is an established hiring firm with over 65 years of experience. We believe strongly in making the world a better place through work, which is why we’re a certified B Corporation and donate 10% of our profits to charity. We strive to build teams that reflect the diversity of the communities we work in. We encourage all qualified applicants to apply, including people from traditionally underrepresented groups such as women, visible minorities, Indigenous peoples, people identifying as LGBTQ2SI, veterans, and people with visible/nonvisible disabilities. We have a dedicated webpage for accommodations where you can learn more about what we offer and request accommodation: https://raise.jobs/accommodations/ In order to submit candidates for roles, our clients will sometimes require personal information to confirm the identity of applicants and their legal status to work. Raise will never ask you for personal or banking information unless you have been selected for a job. If you are ever unsure about the legitimacy of this or another job posting by Raise (or have any other questions), please contact us at +1 800-567-9675 or hello@raiserecruiting.com #FIN24

What you’ll do

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.

Listed skills

• Swift · Preferred
• Microsoft Excel · Preferred
• Operational Controls · Preferred
• Attention to detail · Preferred

Other relevant skills

Identified from the job description. Confirm important requirements above.

• 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

Job areas

• Finance & Accounting
• Data & Analytics
• Administrative

More jobs from Raise