Royal Bank of Canada
Job title:
Derivative Analyst
Company
Royal Bank of Canada
Job description
Job SummaryJob DescriptionWhat is the opportunity?Alternative Investment Services provides Derivative Services for all Investor Services Clients who participate in these products. Services include the valuation of all OTC and Exchange Traded Derivative Products, Full Security Master Creation and Modeling, Term Loan administration, as well as Trade Processing, Margin, & Collateral management and other settlement activities.As the Derivative Analyst in the Alternatives Investment team, you will be responsible for reviewing and analyzing the accounting of all transactions and assisting with the daily, monthly and annual administration of derivatives and term Loans, as well as highly complex portfolios that deal in hedge and mutual funds. You will also be responsible for helping out with the juniors on an ongoing basis. This role requires frequent collaboration with other internal operations and investment teams and external service providers (e.g., fund accounting, agents, and auditors).What will you do?Perform daily reconciliation of a variety of Derivatives products including Forwards, Futures, Options, Swaps and Structured ProductsEscalate breaks to the appropriate parties as per procedureAssess Net Asset Value and Market Value calculations for Derivative products being reconciledMonitor and maintain group inbox for internal and external queriesVerify terms and details of Derivatives products including Forwards, Futures, Options and SwapsGenerate derivative reports for the Fund Accounting and Custody Reporting groupsParticipate in ad-hoc projects and initiatives as requiredWhat do you need to succeed?Must-have2+ years of relevant work experienceUnderstanding of how to calculate MTM for all open positions for Derivative productsUnderstanding the performance of a portfolio and ability to decompose the P&LInvestment accounting experienceComputer Skills: MS office, knowledge and experience with Derivatives systems and integrationStrong interpersonal skillsFlexibility to meet scheduled shift workNice-to-haveSecurities experienceEnrolment in CAIA/CGA/CMA/CFA or other recognized accredited program is desirableWorking knowledge of GAAPWhat’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.Excellent exposure to communicate with various business partners and stakeholders in Investor Services and within other platforms as appropriateOpportunity to obtain hands-on experience throughout your roleWorking with an exciting, close-knit, supportive & dynamic groupOpportunity to collaborate with other business segments within the bankExcellent career development and progression opportunitiesA comprehensive Total Rewards Program including bonuses and flexible benefitsCompetitive compensationJob Skills Active Learning, Adaptability, Business Appraisals, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process ImprovementsAdditional Job DetailsAddress: RBC CENTRE, 155 WELLINGTON ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: Wealth ManagementJob Type: RegularPay Type: SalariedPosted Date: 2024-05-16Application Deadline: 2024-05-27Inclusion and Equal Opportunity EmploymentAt 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 CommunityStay 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 .
Expected salary
Location
Toronto, ON
Job date
Sat, 18 May 2024 03:56:39 GMT
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