Derivative Reconciliation Analyst

1 week ago

Toronto, Ontario, Canada Royal Bank of Canada Full time

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
Derivative Reconciliation Analyst

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.
  • Support compilation of reporting for audits as required
  • Maintain uptodate client information and service commitments in Desk Operating Procedures
  • Ensure adherence to accounting procedures and guidelines as they relate to accounting

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
  • Computer Skills: MS office, knowledge and experience with Derivatives systems and integration
  • Strong interpersonal skills
  • Accurate and detail oriented
  • Strong oral and written communication skills
  • 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 & Treasury 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 Summary

Address:

TORONTO, Ontario, Canada

City:

CAN-ON-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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