Royal Bank of Canada
Job title:
Manager, Structured Product Business Support
Company
Royal Bank of Canada
Job description
Job SummaryJob DescriptionWhat is the opportunity?The Manager, Structured Product Business Support will be responsible for the transaction management of over-the counter equity derivatives and ensuring proper trade booking of new and pre-existing trades. The incumbent will need to learn/understand structured product payoffs and will be directly engaging with Sales and Trading on a daily basis. They will liaise with Front Office, Market Risk, Valuations, P&L, IT, Operations and other teams in the firm to resolve breaks and inform them about new/amended trades. They will engage with stakeholders to develop booking templates that define all the key transaction attributes and recommend improved workflow between departments to increase efficiencies and controls. The manager will also monitor the trends in volume and type of trade activity to ensure that risk systems and processes are fit for scale.What will you do?
- Ensure all transactions are booked properly in the trading systems
- Ensure trades are updated to properly reflect events (expiries, call dates, resets, barriers, etc); as well as properly reflect corporate actions (dividends, stock splits, mergers, etc)
- Ensure all amendments are properly reflected in the trading systems
- Ensure all controls reports are updated and enhance control criteria as needed
- Validate that confirmations and/or offering memorandums are defined consistent with the system booking
- Document multi-leg and/or multi-systems bookings and valuation environments for trade structures and ensure they are accurate and complete for P&L and risk purposes
- Document all ‘non-traditional’ and / or ‘experimental’ transactions
- Work with IT to automate transaction workflow and create robust trade booking and trade activity monitoring tools
What do you need to succeed?Must-have
- BA / BS or equivalent with emphasis in finance, economics or other quantitative discipline
- High attention to detail and control-focused
- Ability to work under pressure, accept responsibility and deliver
Nice to Have
- Working knowledge of equity derivatives and structured equity products (eg. Reverse convertibles, autocallables, barrier options, etc)
Job SkillsAdditional Job DetailsAddress: ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: OFFICE OF THE CFOJob Type: RegularPay Type: SalariedPosted Date: 2024-12-18Application Deadline: 2025-01-31Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion 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
Fri, 20 Dec 2024 06:08:32 GMT
To help us track our recruitment effort, please indicate in your email/cover letter where (un-jobs.net) you saw this job posting.