What is the opportunity?

To manage and optimise the sources and uses of collateral across Cleared Derivatives, Non-cleared Derivatives and Futures Exchanges to achieve minimal collateral drag.

Assist in the on-going development across the 3 collateral pillars of visibility, mobilisation and optimisation.

CMU is responsible for the enabling of optimisation of collateral costs in Global Markets and improving transparency to both senior management and users

Act as a global subject matter expert and driver of change in respect to collateral related activities and initiatives across CCP’s and OTC Derivative relationships.

What will you do?

• Manage the day-to-day trading book for OTC and CCP collateral including execution of repo, reverse repo, securities lending transactions, Spot FX and FX Swaps.
• Work with stakeholders on posting the cheapest to deliver collateral.
• Develop and manage a step change in support functions via coaching and monitoring of operational teams to ensure colleagues are equipped with the correct skills, knowledge and tools to perform their role.

• Support the business in joint ventures.
• Improve and automate existing processes.
• Ad-hoc dealing with collateral related queries.

What do you need to succeed?

Must have

• Strong understanding of the principals and tools of collateral optimization including current vendors
• Mathematical or business-based degree or equivalent
• Experience in a front office collateral related discipline such as collateral optimisation or other related trading desk.
• Experience working in (or with) derivatives business and/or good understanding of derivative pricing and financing products and mechanisms.
• Dynamic self-starter with the ability to work under pressure and deliver stellar results.
• Experience of interacting with group stakeholders including senior management, vendors, and external counterparties.
• Excellent communication and interpersonal skills.
• Ability to work in a fast-paced, multi-faceted environment.
• Ability to quickly pivot between tactical and strategic thinking
• Quick to identify and escalate risks.
• Idea generator.
• Strong communication skills.
• Ability to follow through on requests.
• Quantitative mind-set.
• Basic understanding of the principles and rationale of variation and initial margin.
• Experience with Bloomberg and advanced Excel user.
• Strong understanding of future collateral landscape including DLT and tokenization.

Nice to have

• CFA or working towards.
• Strong technical and quantitative skills.
• Understanding of AI prompting.
• Strong communication and organizational skills, plus ability to work in partnership with multiple groups on a shared agenda.
• Independent thinker and ability to build a network to deliver results.
• Ability to multi-task and manage multiple projects while continuing to deliver on daily requirements.
• Detailed knowledge of ISDA agreements including CSA. Understanding of GMRA and GMSLA
• Strong operational risk mindset.

What’s 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 and flexible benefits, competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

Job Skills

Additional Job Details

100 BISHOPSGATE:LONDONLondonUnited Kingdom35Full timeCAPITAL MARKETSRegularSalaried2026-02-092026-02-23

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.