Manager, Collateral Management Services - Halifax, Canada - Royal Bank of Canada

Royal Bank of Canada

Verified Company

Halifax, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Come Work with Us
At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title
Manager, Collateral Management Services

Role Specific Responsibilities

Responsibility for producing MI and KRI reports related to collateral fails, disputes and volumes
Support onboarding functions within Collateral Ops working with Counterparty Credit Risk and settlements team
Ensure Collateral Operations is compliant with all regulatory requirements across relevant Regimes including NFA, SEC, CASS
Oversee Margin Dispute resolution and escalations working with margin team and other internal stake holders to proactively manage differences resulting in lower dispute volumes
Participate in client specific performance and broker review meetings.
Oversight and accountability for Cash collateral settlements and monthly GL Attestation processes ensuring compliance with Payment SO
Oversight of monthly interest settlement process for ISDA/CSA

People

Lead and develop high performing team members, leveraging individual capabilities and strengths.
Ensure that all direct reports receive at least one midyear and yearend formal performance appraisal each year, as well as continuous performance feedback during the course of the year.
Accept and successfully execute change while supporting employees through proactive communication, issue resolution and effective decisionmaking
Ensure that staff are fully aware of their mandates, receive proper training and execute their duties in accordance with Standing Orders and Unit Financial Controls.

Experience/Education Required

At least 5 years' experience in Operations Functions with CM Derivatives focus experience
Strong EXCEL skills including macros
Understanding of RBFG risk policies & Standing Order
Undergraduate degree
Strong understand of risks and controls framework as it applies to Collateral management and Operations
A strong understanding of ISDA CSA and noncleared derivative margin processing
Experience with AcadiaSoft, TriOptima and COLLINE

Job Summary

Oversee a team of up to 6 people - the Manager, Collateral Utilities will be responsible for oversight across controls and on boarding processes related to ISDA/CSA Margining and exposure management.

Address:

HALIFAX, Nova Scotia, Canada

City:

CAN-NS-BEDFORD

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Capital Markets

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

Inclusion
and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth.

We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work.

We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

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