At a Glance
- Tasks: Manage daily margining activities and ensure full collateralisation for CFG transactions.
- Company: Join RBC Capital Markets, a leading global bank with a collaborative culture.
- Benefits: Enjoy competitive pay, bonuses, flexible benefits, and world-class training.
- Other info: Work in a progressive environment with excellent career growth opportunities.
- Why this job: Make a real impact in a dynamic team while developing your financial services skills.
- Qualifications: Strong understanding of equities, fixed income, and margining processes required.
The predicted salary is between 60000 - 80000 £ per year.
This role will help support the Delta One/Global Equity transformation initiative by managing daily margining activities for this business line. You will also be responsible for margin activities across Fixed Income Repo and Discretionary Lending within the Central Funding Group (CFG) at RBC Capital Markets. Your core purpose is to ensure that all CFG transactions, both bilateral and triparty arrangements remain fully collateralized. This function operates within the Collateral Management team under the COO Group at RBC.
This is a permanent, full-time role and requires 4 days in our London Bishopsgate office.
What will you do?
- To ensure all CFG clients and counterparties are fully collateralised and marked to market across all entities in accordance with the GMRA/GMSLA or other relevant legal agreement.
- Act as a point of contact for the CFG desk in relation to collateral questions.
- Agree and manage both bi-lateral and Tri-party margin calls.
- Monitor and manage the instruction and settlement of both Bilateral and triparty settlements.
- Ensure all relevant daily tasks are appropriately completed in accordance with daily task lists and adhering to RBC's processes and procedures.
- Participate in portfolio reconciliation with counterparties when a margin dispute arises.
- Investigate margin settlement fails and liaise with both external clients and internal teams to reach a resolution.
- Navigate RBC’s structure quickly and efficiently to expedite any queries/asks through to resolution.
What do you need to succeed?
Must-have
- A good understanding of Equities, Fixed Income, Triparty and basic trading strategies.
- A strong working knowledge of the main Tri-party agents.
- Excellent understanding of Securities Borrowing and Lending and Repo processes.
- Nostro and Depot reconciliation experience.
- A broad understanding of Banking Operations.
- Previous proven experience of developing STP solutions.
- A broad knowledge of one or more regulatory regimes, including CASS, Transaction Reporting, MiFID II, EMIR.
- Be able to deal with Front Office and client demands.
- Strong attention to detail.
Nice-to-have
- Experience of implementing new systems.
- Advanced Microsoft VBA Excel skills.
- An understanding of the main legal terms in the GMRA and GMSLA that govern the margining process.
- Experience with vendor platforms such as Pirum, Equilend and TriResolve.
- Proficient in FIS APEX, GLOSS and Acadia Margin Manager.
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.
Senior Analyst, Margining Operations - Capital Markets in London employer: Royal Bank of Canada
At RBC Wealth Management Europe, we pride ourselves on being an exceptional employer, offering a dynamic and collaborative work environment in London and the South East. Our commitment to employee growth is evident through our comprehensive Total Rewards Program, which includes competitive compensation, bonuses, and flexible benefits, alongside opportunities for professional development and coaching from experienced leaders. Join us to make a meaningful impact while working with a talented team dedicated to delivering tailored financial solutions to our clients.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Analyst, Margining Operations - Capital Markets in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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Don’t shy away from reaching out directly to firms like Royal Bank of Canada. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Analyst, Margining Operations - Capital Markets in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Royal Bank of Canada.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Royal Bank of Canada's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Royal Bank of Canada
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Royal Bank of Canada.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Royal Bank of Canada will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Royal Bank of Canada employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
