Analyst, Margining Operations - Capital Markets (London)

What is the opportunity?

This role supports 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 that requires 4 days in the London Bishopsgate office.

What will you do?

• Ensure all CFG clients and counterparties are fully collateralized and marked to market across all entities in accordance with the GMRA/GMSLA or other relevant legal agreements.
• Act as a point of contact for the CFG desk in relation to collateral questions.
• Agree and manage bilateral and tri-party margin calls.
• Monitor and manage the instruction and settlement of bilateral and tri-party settlements.
• Complete all relevant daily tasks in accordance with daily task lists and RBC processes and procedures.
• Participate in portfolio reconciliation with counterparties when a margin dispute arises.
• Investigate margin settlement fails and liaise with external clients and internal teams to resolve issues.
• Navigate RBC’s structure quickly and efficiently to expedite queries/asks through to resolution.

What do you need to succeed?

Must-have

• Good understanding of equities, fixed income, tri-party, and basic trading strategies.
• Strong working knowledge of the main tri-party agents.
• Excellent understanding of securities borrowing and lending and repo processes.
• Nostro and depot reconciliation experience.
• Broad understanding of banking operations.
• Proven experience developing STP solutions.
• Broad knowledge of one or more regulatory regimes, including CASS, Transaction Reporting, MiFID II, and EMIR.
• Ability to deal with front office and client demands.
• Strong attention to detail.

Nice-to-have

• Experience implementing new systems.
• Advanced Microsoft VBA and Excel skills.
• 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.
• Proficiency 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, reach our potential, make a difference to our communities, and achieve 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.

Job Skills

• Agile Methodology
• Business Data Analysis
• Business Process Modeling
• Commercial Acumen
• Communication
• Critical Thinking
• Decision Making
• Group Problem Solving
• Interpersonal Relationship Management
• Requirements Analysis

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: 2026-09-01
• Application Deadline: 2026-09-15