Position Purpose:

• 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

Key Accountabilities:

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)

Knowledge & Experience:

• 1 to 4 years 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

Skills & Competencies:

• Ability to quickly learn organizational structure, business strategies and processes
• Strong analytical and problem solving skills
• Strong written and verbal communication skills
• Experience/knowledge with desktop applications/suites such as MS Project, MS Excel, databases, etc.
• Good organizational skills with the ability to handle multiple concurrent activities and to work successfully under pressure
• 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

Attributes:

• Business acumen
• Able to deal with ambiguity
• Analytical thinker, detailed oriented with good problem solving skills
• Results oriented
• Organized with strong time management skills
• Ability to work independently
• Team player, cooperative with good interpersonal skills
• Creative thinker with problem solving skills