Margining Analyst, Centrally Cleared Counterparties and Over The Counter (London)

Job Description

What is the opportunity?

You will be responsible for margin activities across Centrally Cleared Counterparties (CCPs) and OTC derivative counterparties within the Collateral Management team under the COO Group at RBC Capital Markets.

Your core purpose is to ensure that all CCP and OTC transactions remain fully collateralized. You'll manage daily margin call processes as part of a wider team while maintaining operational control standards across the functions.

Should you be shortlisted, do please let us know if you have any specific requirements for the interview.

This is a permanent, full-time role and requires 4 days in the 100 Bishopsgate, London office.

 What will you do?

• Process daily margin calls across CCP and OTC relationships with accuracy, maintaining detailed records and ensuring timely settlement of all margin obligations.
• Complete all CCP and OTC margin tasks in accordance with daily procedures and RBC's processes and standards, with attention to accuracy and timeliness.
• Perform control checks throughout the settlement workflow and promptly escalate any operational issues or discrepancies that could impact margin settlement or regulatory reporting.
• Support portfolio reconciliation with counterparties when margin disputes arise and investigate margin settlement fails in liaison with external clients and internal teams to reach resolution.
• Analyse CCP statements and reports to extract key data and reconcile against RBC systems, supporting accurate payment settlements and GL account bookings.
• Assist in maintaining accurate GL account reconciliation in line with RBC's financial control procedures, including support for month-end close processes.

What do you need to succeed?

Must-have

• A good understanding of the daily margin lifecycle and requirements of both main clearing houses and OTC bilateral agreements, covering Initial Margin and Variation Margin obligations.
• A working knowledge of vendor systems and solutions such as Apex and Colline for daily margin processing.
• Good working knowledge of CSA terms within the agreements which are applicable to daily margining.
• Experience checking and reconciling accounts with strong attention to detail.
• General familiarity with how banking operations work.
• A calm and logical approach to problem-solving under pressure.
• Comfortable working with traders and responding to client requests professionally.
• The ability to work independently and as part of a team.

Nice-to-have

• Proficiency in additional systems such as Murex, GLOSS, or Pirum.
• Strong Excel skills for data analysis and reporting.
• Prior experience with month-end financial close processes and EOM attestations.
• Familiarity with AI-assisted tools for automating routine tasks or data analysis.
• Experience with the use of industry margin automation platforms such as Acadia.

What is 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, flexible benefits and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Opportunities to work with the best in the field
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• A world-class training program in financial services.

Agency Notice

RBC Group does not accept agency resumés.  Please do not forward resumés to our employees, nor any other company location.  RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additionaldetails.

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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.

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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.