Collateral Analyst

What is the opportunity?

You will be responsible for the daily margining activities in support of RBCs requirements at their Centrally Cleared Counterparties (CCPs) and OTC derivative counterparties.

Supporting the processing of daily margin call obligations for trades both with CCP and OTC counterparties. This function sits within the wider collateral management team within the COO Group - Funding Liquidity & Payments team (FL&P) team at RBC.

What will you do?

• You will manage margin settlement across our CCP and OTC counterparty relationships. This includes processing daily margin calls with all CCPs where RBC maintains direct clearing relationships and agreeing margin requirements with OTC counterparties daily. You will ensure timely settlement of these margin obligations whilst maintaining rigorous control standards throughout the trading day, with clear escalation protocols in place for any exceptions or discrepancies.
• You will also own the monthly billing cycle for CCP margining, ensuring that all fees and interest are calculated accurately and processed in accordance with our contractual obligations and deadlines.
• Throughout these activities, you will perform control checks at key points in the settlement workflow and maintain disciplined escalation discipline to flag any operational risks or delays that could impact our margin funding or regulatory reporting obligations.
• To act as a central point of contact for all COO Group - FL&P Teams.
• To navigate RBC’s structure quickly and efficiently to expedite any queries/asks through to resolution.
• Keep up-to date with both internal and external initiatives that have a direct impact on the CCP margin.
• Collaborating with line manager on all CCP technology requests (tactical and strategic), liaising with solutions, change and technology teams as required.

What do you need to succeed?

Must-have:

• A good understanding of the daily margin lifecycle and requirements of both the main clearing houses and OTC Bilateral agreements. Covering both the Initial margin and Variation margin obligations.
• A working knowledge of some of the vendor systems/solutions such as Murex, Apex, TriOptima, Acadia, LCH Portal.
• An overall knowledge of the main CCPs (i.e., LCH, Eurex, CME, ICE Clear) and FMI systems.
• A broad knowledge of one or more regulatory regimes, including CASS, Transaction Reporting, MiFID II, EMIR.

Nice-to-have

• Knowledge of Repo/Securities Lending product.
• Have good awareness of the impact that the cleared margin activity has on other areas of the Operational Services business.
• Having prior experience with LCH SwapAgent/Swapclear and understanding the workflow from a margining perspective.
• Recognized industry qualifications: CISI, Eurex Clearing Qualified Clearing Staff (QBO)
• Experience using command-line or prompt based interfaces with AI language models.
• IFIC/CSC completion certificate.

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

Job Skills

Adaptability, Collateral Management, Counterparty Credit Risk (CCR), Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Control, Operational Delivery, Process Improvements, Time Management

Additional Job Details

90 WESTERN PKY:BEDFORDBedfordCanada37.5Full timeCAPITAL MARKETSRegularSalaried2026-04-282026-05-05

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.