Analyst, Derivatives Confirmations, Ca - Halifax, Canada - Royal Bank of Canada

Royal Bank of Canada

Verified Company

Halifax, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Come Work with Us
At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title
Analyst, Derivatives Confirmations, CA

Ensure all trade confirmations are drafted, dispatched, and executed in accordance with procedures, Standing Order and regulatory requirement for all derivatives transactions.
Protect the Bank's integrity and reduce risk of loss by ensuring that all Derivative transactions completed are valid deals and correct with respect to financial details and all other relevant binding details; promptly notifying traders and management of missing or erroneous trades.
Develop and maintain an understanding of ISDA definitions & any applicable supplements related to derivatives transactions. Ensure that documentation complies with ISDA and current market practice to prevent, detect, and eliminate the potential for risk and liability to the firm.
Ensure any trade discrepancies are investigated and escalated to the Front-Office as soon as they are identified and followup on all discrepancies to ensure timely resolution.
Reviews all system reconciliation, unmatched and exception reports for various systems on a daily basis and investigates any discrepancies.
Actively follow up on outstanding confirmations, escalate and resolve any lengthy delays in their execution by engaging Front office.
Prepares and distributes Weekly Outstanding Confirmation Report to the Front Office, Middle Office and BCS Management.
Proactively identifies opportunities to further streamline processes and improve productivity. Actively escalates and followsup system issues affecting the confirmation process.
Participates in user acceptance testing for systems upgrades, database conversions and introduction of new systems.
Responsible for maintaining product and operational procedures documents on an ongoing basis.
Crosstrain on other desks within the department to provide relief during absences and high volume periods.
Coordinate with external client and front office on Novation request. Prepare novation documentation & consent in a timely manner to ensure smooth execution.
Maintenance of counterparty reference data related to confirmation are uptodate in the system, review counterparties' account activity and closure requests.
Assist with training junior staff members and assist colleagues with any day to day issues.
Assist management with preparation for internal/external audit request
Assist the Team Manager / Department Head on projects, process improvements or new business initiatives as requested
Investigate any processing issues and recommend a course of action to the Team Manager. Once approved, assist in the execution of the proposed change.
Support colleagues during busy periods by sharing workloads as applicable.

Skills

Good knowledge of commodity derivatives
Good knowledge of ISDA documentation definitions
Good knowledge of Derivatives Products in general, standard market practices, and trading terminology
Good familiarity with the various processes involves in confirmation as well as support systems.
Excellent verbal and written communication skills
Detailoriented, strong time management and organization skills
Selfmotivation, initiative, good attention to detail & high level of numeracy.
A good communicator, with an ability to be concise.
Analytical abilities and able to be proactive to foresee potential problems
An ability to identify collaboration opportunities with our internal partners.
Team player

Job Summary

The Derivatives Confirmations Group for Commodities provides in-depth product support for all major commodity areas - from crude oil, natural gas and carbon emissions to metals and agriculture.

The primary focus of the role is to provide trade confirmation and static data coverage in order to mitigate legal, economic and operational risk between RBC and our counterparts.

This role is part of the global Market Business and Client Services Derivatives Confirmation Group that covers asset classes including Commodities, Credit, Equities, FX, Loans, Rates, and any hybrids thereof.

Address:

HALIFAX, Nova Scotia, Canada

City:

CAN-NS-BEDFORD

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Capital Markets

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 t