Global Head of Collateral Management Operations

What is the opportunity?

The Global Head of Collateral Management Operations is accountable for the end-to-end operational integrity, control, and scalability of the firm’s collateral management function globally.

This role ensures that collateral is accurately calculated, timely exchanged, properly segregated, optimally utilized, and fully controlled across all products, counterparties, and regulatory regimes. The mandate spans BAU execution, risk mitigation, regulatory compliance, technology enablement, and strategic transformation, serving as a critical pillar of the firm’s liquidity, counterparty risk, and balance sheet management framework.

The role owns the operational execution and control environment for all collateral activities globally and is responsible for ensuring that collateral failures do not create liquidity stress, counterparty exposure, regulatory breaches, or reputational risk

What will you do?

Key Responsibilities

1. Global Ops

• Own global BAU for:
  • Initial margin and variation margin processing
  • Margin calls, disputes, and settlements
  • Collateral movements, substitutions, and returns
  • Segregation and third-party custody models
• Ensure consistent operating standards across regions while respecting local regulatory requirements.

2. Risk and Control

• Design and maintain a robust control framework covering:
  • Margin accuracy and timeliness
  • Eligibility, concentration, and haircut controls
  • Settlement fails and aging exposures
• Act as first line owner for collateral-related risk events and operational losses.
• Partner with Risk, Compliance, and Audit to resolve issues and drive sustainable remediation.

3. Regulatory and Compliance

• Ensure operational compliance with global margin and collateral regulations, including:
  • Uncleared margin rules
  • Clearing house margin models
  • Segregation and client asset protection regimes
• Lead regulatory exams, issue responses, and remediation programs related to collateral operations.
• Translate regulatory change into executable operational processes.

4. Liquidity and Balance Sheet Enablement

• Ensure collateral operations support firm liquidity objectives, working with the global head of liquidity and funding
• Partner with Treasury and Liquidity Risk team to
  • Improve collateral velocity and reuse transparency
  • Reduce trapped collateral and settlement friction
  • Provide reliable collateral data for stress testing and liquidity reporting

5. Technology and Data

• Own the operational requirements for collateral platforms and data architecture.
• Partner with Technology to:
  • Drive automation of margin calculation, calls, and settlements
  • Reduce manual touchpoints and dependency on spreadsheets
  • Improve data quality, lineage, and real-time visibility
• Act as business owner for collateral change initiatives and platform migrations.

6. Client and Counterparty

• Ensure a predictable, transparent, and controlled collateral experience for clients and counterparties.
• Oversee dispute resolution frameworks and service standards.
• Support onboarding of new products, counterparties, and clearing models without compromising controls.

Key Deliverables & Outcomes

• Consistent global collateral operating model with regional execution
• Reduced margin disputes, settlement fails, and aged exposures
• Improved collateral data quality and reporting reliability
• Successful regulatory exams with no material findings
• Measurable reductions in manual processing and operational risk
• Scalable platform capable of supporting volume growth and regulatory change

What you need to succeed?

A successful Global Head of Collateral Management Operations:

• Thinks like a risk manager, executes like an operator, and communicates like a senior leader
• Anticipates regulatory and liquidity impacts before they materialize
• Balances standardization with regulatory nuance
• Drives automation without losing control discipline
• Commands credibility across Front Office, Risk, and regulators
• Minimum bachelor’s degree or equivalent relevant experience in Finance, Engineering, Science, Math or relevant work experience
• Strong knowledge of supporting systems used within Operations.  Project management expertise

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

#LI-KA2

Job Skills

Additional Job Details

RBC CENTRE, 155 WELLINGTON ST W:TORONTOTorontoCanada37.5Full timeCAPITAL MARKETSRegularSalaried2026-04-262026-05-10

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.