Manager, Repo Margin & Collateral Management (Fixed Income)

Location: Toronto, ON; hybrid arrangement with 1–3 days per week on-site

Competitive salary and incentive pay

Company

A relationship-oriented bank focused on delivering client value through capital markets and banking services.

What you will do

• Lead the daily margin and collateral function supporting bilateral, centrally cleared, and tri-party repo activity.
• Oversee exposure calculation, margin calls, collateral allocation and substitution, valuation, settlement, returns, and reconciliation.
• Maintain controls over collateral eligibility, concentration, haircuts, liquidity, counterparty exposure, and settlement risk.
• Investigate margin differences, pricing and position breaks, ineligible collateral, failed settlements, disputes, and allocation constraints.
• Partner with Trading, Treasury, Credit, Risk, Legal, Technology, Finance, Operations, custodians, counterparties, and market infrastructures.
• Drive standardization, automation, data quality, dashboards, straight-through processing, and operational readiness for new products and market changes.

Requirements

• Strong knowledge of repo economics, collateralized exposure, master agreement terms, Canadian fixed income securities, and settlement practices.
• Experience with bilateral, centrally cleared, and tri-party operating models.
• Ability to lead, coach, develop, and manage capacity for an experienced operations team.
• Strong risk management, reconciliation, exception management, prioritization, and escalation skills.
• Experience partnering across front-office, risk, control, technology, finance, and operations functions.
• Legal eligibility to work in Canada at the specified Toronto location is required; a valid work or study permit may be required where applicable.

Nice to have

• Experience with Broadridge/BFS, CDCC, CDS, DTC, the Fed, Euroclear, custodians, or collateral management utilities.
• Experience supporting central clearing, tri-party collateral services, new products, regulations, or market infrastructure changes.

Culture & Benefits

• Hybrid work environment with flexibility to manage work activities across on-site and remote days.
• Competitive salary, incentive pay, banking benefits, and a benefits program subject to plan terms.
• Defined benefit pension plan, employee share purchase plan, vacation, and wellbeing support.
• Purpose Day, a paid day off for personal growth and development.
• Inclusive workplace with accessible candidate support and employee recognition programs.

Hiring process

• Recruitment may include an attribute-based assessment and other skills tests, such as simulations or French proficiency testing.
• Artificial intelligence tools may be used during the recruitment process.