Associate, Collateral Management

Investment Management Corporation of Ontario (IMCO); Toronto; Hybrid; CAD 70,000 - 100,000; Full time

Benefits offered by this job

Hybrid work model

Office in downtown Toronto

Job summary

IMCO in Toronto is hiring an Associate, Collateral Management to oversee collateral movements and settlement across business lines. You will generate daily reports and work with Investments, Risk and external banks to minimize counterparty risk.

The role reports to the Manager, Collateral Management and requires 3-5 years in financial markets, with strong MS Suite and banking application skills. This contract role supports the team through May 2027, with a hybrid office-first model at 16 York

Qualifications

• 3-5 years of experience in financial industry preferable Capital Markets.
• Post-secondary education or equivalent.
• Knowledge of Capital Market products, trade systems and business lines.
• CSC, CAIA, CFA or any investment designations would be an asset.

Responsibilities

• Prepare daily collateral reports to internal stakeholders (e.g., Investments, Risk).
• Monitor daily margin requirements for Exchange Traded Derivatives, OTC Derivatives and Repos.
• Process all cash and non-cash collateral within a timely matter and ensure trades are settled within market timelines.
• Monitor available collateral inventory to ensure sufficient liquidity.
• Prepare credit facilities and letter of credits request from Investments teams to ensure timely settlement and resolving any issues that may arise.
• Process any corporate actions and fees as required.
• Evaluate and identifying opportunities for improvement relating to mitigating operational risk.
• Collaborate with internal stakeholders on projects (Regulatory Initial Margin).
• Maintain external relationships with banks, custodians, and brokers.
• Mentor and training of new or junior team members

Skills

Financial industry experience

Capital Markets knowledge

Interpersonal skills

MS Suite proficiency

Education

Post-secondary education or equivalent

Tools

MS Excel

MS Word

MS Access

3rd party banking applications

Job description

At IMCO, our talent is among the best! IMCO offers a uniquely stimulating and rewarding environment where you can help build and drive organizational transformation, all while seeking to challenge yourself, learn, and grow your career.

Our culture is built on collaboration and passion, with a shared commitment to delivering lasting value to the clients we serve. Located in downtown Toronto, our vision is to be the partner of choice for Ontario's public sector funds and to build a high-performing, value-driven asset management firm.

This job posting is for an existing vacancy. If you're ready to deliver best-in-class service and join a collaborative, motivated and fun team of professionals, IMCO offers the opportunity to do impactful work and broaden your expertise.

If you're looking to use your expertise to drive strategic outcomes, we'd love to hear from you.

This is a contract role until the end of May 2027.

The Associate, Collateral Management is responsible for all collateral management functions across all business lines. Collateral management is an essential function that supports investment strategies by ensuring required collateral is held at approved brokers in accordance with industry standards and agreements. Under the guidance of the Manager, Collateral Management, the Associate will be responsible for determining and executing the appropriate collateral movements to minimize counterparty credit risk, ensuring timely settlement of collateral, and preparing daily collateral reports for internal groups.

The Associate will work with fellow members of the Cash Management & Treasury team, as well as collaborating with Investments and other internal stakeholders on project deliverables and initiatives. The role reports to the Manager, Collateral Management.

Key Responsibilities

Working under the direction of the Manager, Collateral Management, this position is responsible for determining and executing the appropriate collateral movements to minimize counterparty credit risk, ensuring timely settlement of collateral, and preparing daily collateral reports for internal groups. This position will work closely with internal (Investment Risk and Investment Finance) and external (banks, brokers, and custodians) stakeholders. Errors in judgment could have an impact on client's assets and rates of return.

Specific responsibilities/accountabilities include:

• Prepare daily collateral reports to internal stakeholders (e.g., Investments, Risk)
• Monitor daily margin requirements for Exchange Traded Derivatives , OTC Derivatives and Repos
• Process all cash and non-cash collateral within a timely matter and ensure trades are settled within market timelines
• Monitor available collateral inventory to ensure sufficient liquidity
• Prepare credit facilities and letter of credits request from Investments teams to ensure timely settlement and resolving any issues that may arise
• Process any corporate actions and fees as required
• Evaluate and identifying opportunities for improvement relating to mitigating operational risk
• Collaborate with internal stakeholders (e.g. Investments, Investment Finance) on projects (Regulatory Initial Margin)
• Maintain external relationships with various banks, custodians, and brokers.
• Mentor and training of new or junior team members

What you need to succeed:

• 3-5 years of experience in financial industry preferable Capital Markets
• Post-secondary education or equivalent
• Knowledge of Capital Market products, trade systems and business lines
• CSC, CAIA, CFA or any investment designations would be an asset
• Strong interpersonal and communication skills, with the ability to work collaboratively and to effectively deal with internal and external clients and vendors
• Superior analytical, decision-making and problem-solving skills are required to identify and recommend potential opportunities, coordinating and maintaining up to date information on returns and risks.
• High degree of accuracy and attention to detail
• Proficient with MS Suite (Excel, Word, Access) and 3rd party banking applications
• Ability to meet deadlines, adapt to a rapidly changing environment and sustain high productivity levels

The base salary range for this position is CAD $70,000.00 - $100,000.00. The placement within the range is determined by the range of market pay for the specific position, as well as the candidate's knowledge, skillset and experience relative to the requirements of the position and to internal peers. As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you with the specific details for this position.

We thank all applicants for their interest. Only those selected for an interview will be contacted.

Our hybrid work model prioritizes an office-first approach, encouraging employees to make the most of our collaborative workspace at 16 York Street, Suite 2400, Toronto, ON M5J 0E6. This welcoming environment fosters teamwork, connection, and professional growth. While flexibility remains a key component of our model, we believe that regular in-office engagement enhances productivity and strengthens our culture. Our approach supports a fulfilling lifestyle that balances professional ambition with personal wellbeing.

IMCO is committed to providing accommodation for people with disabilities throughout the recruitment process. If you require support, please let us know and we will work with you to meet your needs. Artificial intelligence (AI) tools may be used to support parts of our recruitment process, such as screening and assessments. However, all hiring decisions are made by our recruitment team. Candidates being considered for this position will be required to undergo background screening.