Senior Collateral Risk Analyst - Hybrid Contract (12M)

Creative Solutions Services, LLC; Toronto; On-site; CAD 55,000 - 69,000; Full time

Job description

Risk Analyst

Location: Toronto, ON

Onsite Flexibility: Hybrid - 4 days onsite, 1 day work from home

Contract Details

• Position Type: Contract
• Contract Duration: 12 months (with possibility of extension based on business needs and performance; conversion to permanent also possible based on business needs and performance)
• Pay Rate: C$40.00-C$50.00 / Hour (CAD)
• Shift / Schedule: Monday-Friday, core business hours - 37.5 hours per week, 7.5 hours per day; overtime potential
• Travel Requirements: Not required

Job Summary

A Senior Analyst within Collateral Management will primarily be focused on the effective and efficient mitigation of counterparty credit risk. Senior Analysts are responsible for managing counterparty credit risk as well as for demonstrating innovation and a proactive approach to risk mitigation by highlighting inefficiencies, risks, and implementing improvements. The role will involve close partnership and interaction with a wide range of areas, including credit, middle office, legal, front office, settlements, and corporate treasury. As a result, the successful candidate will be required to possess strong communication skills.

Key Responsibilities

Senior Analysts within Collateral Management are accountable for the following core responsibilities, but are not limited to:

• Daily monitoring of client portfolios, issuing and receiving collateral calls to ensure the firm's credit risk is mitigated
• Ensure margin tickets are accurately entered into the collateral system
• Extensive interaction with clients
• Ensure process reviews are conducted in accordance with Global Short-term Markets Policy
• Resolution and escalation of collateral issues
• Reconciliation of repo collateral statements upon margining disputes

In addition to their core responsibilities, Analysts are also expected to:

• Contribute their own ideas to make a difference and add value to the group
• Ongoing, proactive risk management via staying abreast of risk issues in the capital markets and assessing impacts on our exposures
• Seek opportunities to increase operational efficiency and lower operational risk through process reengineering
• Perform a number of control functions, ensuring the integrity of our processes
• Establish an environment that promotes respect for the individual employee and adheres to the policies and guidelines of the Bank

Required Skills

• 5 years of capital markets experience or relevant collateral management experience
• Strong fixed income background with knowledge towards central clearing
• Good Excel skills (VLOOKUPs, pivot tables, etc.)
• Strong communication skills - verbal and written
• Self-starter with a high degree of initiative and the ability to learn and adapt quickly
• Strong analytical skills and attention to detail
• Strong interpersonal skills

Preferred Skills

• CFA or FRM certification

Education Requirements

• Post-secondary education required
• FRM or CFA designation is an asset

Required Experience

• Minimum 5 years of capital markets experience or relevant collateral management experience

Nice-to-Have Experience

• Experience supporting sponsored repo related to requirements around centrally cleared US Treasuries (collateralized loan)

About the Client

This client is a leading financial services and banking institution, headquartered in Toronto, Ontario, and recognized as one of North America's largest financial institutions and the sixth-largest bank on the continent by branches. The organization serves approximately 22 million customers across Canada, the United States, Europe, and the Asia-Pacific region, operating a full-service platform spanning personal and commercial banking, wealth management, insurance, and payment solutions - delivered through a team of over 85,000 employees worldwide. Teams here span retail banking advisors, commercial lenders, wealth management professionals, risk analysts, and technology specialists, all working within a culture described as respectful, team-oriented, and built around recognizing the unique contributions of every individual.