Repo Collateral Associate

What is the opportunity?

• Provide support to the Central Funding (Repo) desk for Triparty Allocation
• Ensure Funding requirements are satisfied for over 100 Billion USD in Triparty Portfolios

What will you do?

• Perform daily Triparty allocation
• Ensure timely processing of daily GCF transactions
• Monitor Net Free Equity and Liquidity
• Provide daily cash projections & perform daily collateral analysis
• Research and address any overnight cash & position breaks
• Prepare daily management reports
• Ensure correct processing of all Triparty bookings in ICI Impact at EOD
• Coordinate within team to accomplish required goals
• Help to improve or enhance existing procedures and processing
• Mentor newer staff to understand the intricacies of the business
• Address and confirm any incoming Audit Requests
• Provide daily customer margin analysis of Repo portfolios & process margin calls when necessary
• Review regulatory margin reports & process margin calls on all FINRA 4210 margin deficits
• Articulate any discrepancies and/or issues to the Front Office and Management

What do you need to succeed?

Basic Qualifications (Legislative Requirement)

• 5 to 10 years Fixed Income experience in Operations/Settlements
• The ability to work in a fast paced environment
• Knowledge of Triparty Repo allocation process
• Knowledge of Repo Margin Call process
• Experience using Microsoft Excel & Word
• Experience using/writing Macros
• Solid experience using ADP/BPS, APEX & ICI processing systems
• Knowledge of settlements via BONY, DTC & GSCC
• Experience using Bony Access Edge and JPM Markets

Other Required Qualifications:

• Detail oriented / organized and results driven
• Strong analytical skills
• Excellent communication skills
• The ability to work in a fast paced environment

Suggested Qualifications:

• Experience running projects and coordinating with different groups
• Experience documenting and updating standing procedures

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
• Leaders who support your development through coaching and managing opportunities.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• Opportunities to do challenging work.
• Opportunities to build close relationships with clients.

The expected salary range for this particular position is $85,000 - $95,000 USD, depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC's high performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

Job Skills

Additional Job Details

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

Inclusion and Equal Opportunity Employment

At 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.