Collateral Analyst

Job Description

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 employer uses both human and technology-assisted tools to support candidate screening and assessment. Final hiring decisions are made by people.