Margining Analyst – Centrally Cleared Counterparties (CCPs) – Business & Client Services

Royal Bank of Canada
22 February 2024
Borough, South East London


Job Summary What is the opportunity? You will be responsible for the daily margining activities in support of RBCs requirements at their Centrally Cleared Counterparties (CCPs). Supporting the processing of both the Initial and variation margin obligations at the various clearing houses. This function sits within the wider collateral management team within the Business & Client Services (BCS) team at RBC. What will you do? Facilitating and processing of daily margin calls across all CCPs that RBC have direct relationships with. Ensure all relevant daily tasks are appropriately completed in accordance with daily task lists and adhering to RBCs processes and procedures. Owning all CCP technology requests (tactical and strategic), liaising with solutions, change, and collaborate with technology teams as required. To act as a central point of contact for all BCS departments that have requirements to help facilitate margin to the clearing houses that RBC have memberships for. To navigate RBC's structure quickly and efficiently expedite any queries/asks through to resolution. Keep up-to date with both internal and external initiatives that have a direct impact on the CCP margin. What do you need to succeed? Must-have A very strong understanding of the daily margin lifecycle and requirements of the clearing houses. Covering both the Initial margin and Variation margin obligations. A good working knowledge of vendor systems/solutions such as Tri Optima, Acadia, LCH Portal. An in-depth knowledge of the main CCPs (i.e. LCH, Eurex, CME, ICE Clear) and FMI systems. In-depth knowledge of one or more regulatory regimes, including CASS, Transaction Reporting, MiFID II, EMIR. Advanced Macro VBA skills. Nice-to-have Have good awareness of the impact that the cleared margin activity has on other areas of capital markets business. Recognised industry qualifications: CISI, Eurex Clearing Qualified Clearing Staff (QBO) Proficient in APEX, GLOSS, Colline 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. Flexible working options fully supported. Job Skills Additional Job Details Address: 100 BISHOPSGATE:LONDON City: London Country: United Kingdom Work hours/week: 35 Employment Type: Full time Platform: Capital Markets Job Type: Regular Pay Type: Salaried Posted Date: 2024-02-19 Application Deadline: 2024-03-04 Inclusion and Equal Opportunity Employment At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities. We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process. Join our Talent Community Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at


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