Derivatives Reconciliations Analyst - Toronto, Canada - Royal Bank of Canada

Royal Bank of Canada

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Job Summary

What 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 adhoc 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 yearend 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 handson experience throughout your role
Working with an exciting, closeknit, 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 Management

Additional Job Details

Address:

RBC CENTRE, 155

WELLINGTON ST W:

TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Wealth Management

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

Inclusion
and Equal Opportunity Employment
At 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.

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