Operations Analyst – Collateral Controls

Job Description

Operations Analyst – Collateral Controls:
On behalf of our Banking client, Procom is searching for an Operations Analyst – Collateral Controls for a 12-month role. This position is a hybrid position with 4 days onsite at our client’s Toronto office.

Operations Analyst – Collateral Controls - Job Description:
The Operations Analyst – Collateral Controls will play a critical role in managing collateral movements and ensuring compliance with counterparty guidelines. The role involves processing month-end interest items, setting up new accounts, and ensuring accurate interest rates in systems. The position also requires providing backup support and assisting with projects and policy updates.

Operations Analyst – Collateral Controls - Responsibilities:
• Ensure all month-end interest items are processed and confirmed as per counterparty guidelines
• Capture daily collateral movements on time and accurately
• Follow processes to mitigate risk of error
• Set up new accounts and Standard Settlement Instructions (SSI) as per policy
• Identify opportunities to streamline processes and improve productivity
• Complete month-end interest reconciliations and escalate items as required
• Escalate any issues or non-adherence to policy and procedures
• Provide backup to Team Lead and other team members as required
• Ensure interest rates are accurate and up to date in systems
• Assist on monthly General Ledger (GL) Attestation
• Provide input and testing assistance on projects
• Update procedures and policies as required
• Perform functions for IS Trust ensuring compliance with CASS rules for client money

Operations Analyst – Collateral Controls - Mandatory Skills:
• Knowledge of SWIFT Payments
• Experience in Collateral Management
• Familiarity with Standard Settlement Instructions
• Understanding of financial markets, banking, or accounting
• Knowledge of RIMMS, iMatch, Acadia, Colline
• Experience with processes involved in confirmations and settlements

Operations Analyst – Collateral Controls – Nice-to-Have Skills:
• Canadian Securities Courses and/or CFA
• Strong problem-solving skills
• Effective communication skills
• Ability to work in a team environment
• Experience in process improvement

Operations Analyst – Collateral Controls – Assignment Length:
This is a 12-month contract position.

Operations Analyst – Collateral Controls - Start Date:
ASAP

Operations Analyst – Collateral Controls - Assignment Location:
Toronto, Ontario, Canada. This is a hybrid position with 4 days in the office per week.

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