As a Collateral Analyst, you will be responsible for managing day-to-day variation and initial margin processes to mitigate counterparty credit risk across capital markets operations. Operating in a high-tempo, team-oriented environment, you will work closely with trading desks, external counterparties, and internal partners to oversee collateral movements, conduct reconciliations, and optimize non-cash collateral inventory. This role offers an excellent hybrid work structure and a footprint in institutional capital markets operations.
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Advantages
Tier-1 Financial Institution Experience: Gain valuable exposure within a leading Global Systemically Important Bank (GSIB) and Capital Markets division.
Hybrid Flexibility: Enjoy a hybrid work arrangement balancing dynamic on-site team collaboration (4 days in-office) with remote convenience.
High-Impact Operations: Serve as a crucial first line of defense, directly influencing counterparty risk mitigation and trading integrity.
Responsibilities
Margin Fulfillment & Collateral Operations
Validate, issue, and execute end-to-end variation and initial margin calls in a timely manner.
Ensure agreement and prompt transfer of eligible credit support within specified timeframes under CSA agreement terms.
Manage non-cash collateral inventory positions to maintain sufficient coverage for daily margin requirements.
Instruct and approve collateral movements via SWIFT, email, and fax protocols.
Perform intra-day cash forecasting and execute portfolio/collateral reconciliations with counterparties.
Escalate operational issues promptly according to risk policies and standing orders.
Operational Controls & Systems Support
Participate in User Acceptance Testing (UAT) for system enhancements and integration initiatives.
Onboard new and existing counterparties for applications and services tied to collateral management processes.
Maintain high data accuracy across collateral management databases and operational records.
Draft and update standard operating procedure (SOP) documentation.
Assist in preparing margin requirement, liquidity/funding, and ad-hoc operational reports.
Administration & Team Support
Respond to internal and external audit inquiries.
Provide team cross-coverage during peer absences and vacation periods.
Qualifications
Must Have:
Industry Experience: 2 to 4 years of experience within the financial services industry, ideally in Capital Markets or Derivatives Operations.
Product Knowledge: Solid understanding of derivative products, trade capture systems, and related legal documentation (ISDA / CSA).
Software Proficiency: Strong proficiency in the Microsoft Office suite, particularly advanced MS Excel skills.
Risk Frameworks: Working knowledge of institutional risk policies and standing orders.
Education & Designations
Required: Post-secondary undergraduate degree or equivalent practical experience.
Nice to Have:
Preferred: Canadian Securities Course (CSC) or Chartered Financial Analyst (CFA) designation is a strong asset.
Summary
Our agency is seeking a detail-oriented Collateral Analyst for a 6-month contract opportunity with a premier Tier-1 Canadian financial institution in Toronto. Sitting at the intersection of capital markets and risk mitigation, this role acts as a vital first line of defense for the trading business. The successful candidate will assess, monitor, and manage derivative collateral pledged and held in accordance with ISDA Master and CSA Agreements, ensuring seamless client experiences and precise operational controls.
Randstad Canada is committed to fostering a workforce reflective of all peoples of Canada. As a result, we are committed to developing and implementing strategies to increase the equity, diversity and inclusion within the workplace by examining our internal policies, practices, and systems throughout the entire lifecycle of our workforce, including its recruitment, retention and advancement for all employees. In addition to our deep commitment to respecting human rights, we are dedicated to positive actions to affect change to ensure everyone has full participation in the workforce free from any barriers, systemic or otherwise, especially equity-seeking groups who are usually underrepresented in Canada's workforce, including those who identify as women or non-binary/gender non-conforming; Indigenous or Aboriginal Peoples; persons with disabilities (visible or invisible) and; members of visible minorities, racialized groups and the LGBTQ2+ community.
Randstad Canada is committed to creating and maintaining an inclusive and accessible workplace for all its candidates and employees by supporting their accessibility and accommodation needs throughout the employment lifecycle. We ask that all job applications please identify any accommodation requirements by sending an email to accessibility@randstad.ca to ensure their ability to fully participate in the interview process.
This posting is for existing and upcoming vacancies.
show more
As a Collateral Analyst, you will be responsible for managing day-to-day variation and initial margin processes to mitigate counterparty credit risk across capital markets operations. Operating in a high-tempo, team-oriented environment, you will work closely with trading desks, external counterparties, and internal partners to oversee collateral movements, conduct reconciliations, and optimize non-cash collateral inventory. This role offers an excellent hybrid work structure and a footprint in institutional capital markets operations.
Advantages
Tier-1 Financial Institution Experience: Gain valuable exposure within a leading Global Systemically Important Bank (GSIB) and Capital Markets division.
Hybrid Flexibility: Enjoy a hybrid work arrangement balancing dynamic on-site team collaboration (4 days in-office) with remote convenience.
High-Impact Operations: Serve as a crucial first line of defense, directly influencing counterparty risk mitigation and trading integrity.
Responsibilities
Margin Fulfillment & Collateral Operations
Validate, issue, and execute end-to-end variation and initial margin calls in a timely manner.
...
Ensure agreement and prompt transfer of eligible credit support within specified timeframes under CSA agreement terms.
Manage non-cash collateral inventory positions to maintain sufficient coverage for daily margin requirements.
Instruct and approve collateral movements via SWIFT, email, and fax protocols.
Perform intra-day cash forecasting and execute portfolio/collateral reconciliations with counterparties.
Escalate operational issues promptly according to risk policies and standing orders.
Operational Controls & Systems Support
Participate in User Acceptance Testing (UAT) for system enhancements and integration initiatives.
Onboard new and existing counterparties for applications and services tied to collateral management processes.
Maintain high data accuracy across collateral management databases and operational records.
Draft and update standard operating procedure (SOP) documentation.
Assist in preparing margin requirement, liquidity/funding, and ad-hoc operational reports.
Administration & Team Support
Respond to internal and external audit inquiries.
Provide team cross-coverage during peer absences and vacation periods.
Qualifications
Must Have:
Industry Experience: 2 to 4 years of experience within the financial services industry, ideally in Capital Markets or Derivatives Operations.
Product Knowledge: Solid understanding of derivative products, trade capture systems, and related legal documentation (ISDA / CSA).
Software Proficiency: Strong proficiency in the Microsoft Office suite, particularly advanced MS Excel skills.
Risk Frameworks: Working knowledge of institutional risk policies and standing orders.
Education & Designations
Required: Post-secondary undergraduate degree or equivalent practical experience.
Nice to Have:
Preferred: Canadian Securities Course (CSC) or Chartered Financial Analyst (CFA) designation is a strong asset.
Summary
Our agency is seeking a detail-oriented Collateral Analyst for a 6-month contract opportunity with a premier Tier-1 Canadian financial institution in Toronto. Sitting at the intersection of capital markets and risk mitigation, this role acts as a vital first line of defense for the trading business. The successful candidate will assess, monitor, and manage derivative collateral pledged and held in accordance with ISDA Master and CSA Agreements, ensuring seamless client experiences and precise operational controls.
Randstad Canada is committed to fostering a workforce reflective of all peoples of Canada. As a result, we are committed to developing and implementing strategies to increase the equity, diversity and inclusion within the workplace by examining our internal policies, practices, and systems throughout the entire lifecycle of our workforce, including its recruitment, retention and advancement for all employees. In addition to our deep commitment to respecting human rights, we are dedicated to positive actions to affect change to ensure everyone has full participation in the workforce free from any barriers, systemic or otherwise, especially equity-seeking groups who are usually underrepresented in Canada's workforce, including those who identify as women or non-binary/gender non-conforming; Indigenous or Aboriginal Peoples; persons with disabilities (visible or invisible) and; members of visible minorities, racialized groups and the LGBTQ2+ community.
Randstad Canada is committed to creating and maintaining an inclusive and accessible workplace for all its candidates and employees by supporting their accessibility and accommodation needs throughout the employment lifecycle. We ask that all job applications please identify any accommodation requirements by sending an email to accessibility@randstad.ca to ensure their ability to fully participate in the interview process.
This posting is for existing and upcoming vacancies.
show more
