Derivatives Reconciliations Analyst

Job title:

Derivatives Reconciliations Analyst

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the opportunity?This position completes the reconciliation and control functions for Derivative Products within the Fund Accounting Support Team. The person would also be responsible for providing timely investigations and updates within stated deadlines.What will you do?

• Perform daily reconciliation of a variety of Derivatives products including Forwards, Futures, Options, Swaps and Structured Products
• Escalate breaks to the appropriate parties as per procedure
• Assess Net Asset Value and Market Value calculations for Derivative products being reconciled
• Monitor and maintain group inbox for internal and external queries
• Verify terms and details of Derivatives products including Forwards, Futures, Options and Swaps
• Generate derivative reports for the Fund Accounting and Custody Reporting groups
• Participate in ad-hoc projects and initiatives as required
• Ensure compliance to Client’s Trust Agreements and relevant disclosure documents as it relates to service delivery and adherence to industry regulations and guidelines.

What do you need to succeed?Must-have

• Minimum 1 year Derivatives experience including experience with year-end processes, audit, transitions and mergers.
• Strong understanding of how to calculate MTM for all open positions for Derivative products
• Understanding the performance of a portfolio and ability to decompose the P&L
• Investment accounting experience
• Flexibility to meet scheduled shift work

Nice-to-have

• Securities experience
• Enrolment in CGA/CMA/CFA or other recognized accredited program
• Successful completion of the CSC

• Working knowledge of GAAP

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.

• Excellent exposure to communicate with various business partners and stakeholders in Investor Services and within other platforms as appropriate
• Opportunity to obtain hands-on experience throughout your role
• Working with an exciting, close-knit, supportive & dynamic group
• Opportunity to collaborate with other business segments within the bank
• Excellent career development and progression opportunities
• A comprehensive Total Rewards Program including bonuses and flexible benefits
• Competitive compensation

Job Skills Active Learning, Communication, Critical Thinking, Customer Service, Operational Delivery, Process Improvements, Time ManagementAdditional 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 03:56:49 GMT

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