Derivative Analyst

1 month ago

Toronto, 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 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 be responsible for providing timely investigations and updates within stated deadlines. Also responsible for reviewing and analyzing the accounting of all transactions and assisting with the daily, monthly and annual administration of derivatives, as well as highly complex portfolios that deal in hedge and mutual funds. This role requires frequent collaboration with other internal operations and investment teams and external service providers (e.g., fund accounting, agents, and auditors).

**What will you do?**
- Performs day to day processing and analysis of Alternative products, including a variety of Derivatives products and term loans
- Ensure accurate and timely delivery of Reporting, and to ensure accuracy and appropriateness of accounting for performance and exposure analysis.
- Performs Accounting functions including control and updating the general ledger, appropriate review, analysis of profit and loss (P&L) and reconciliation break clearance.
- Monitor net cash flows for the various products.
- Calculate mark to market (MTM) for all open positions and posting to respective reporting platforms.
- Ensure compliance to Client’s Trust Agreements and relevant disclosure documents as it relates to service delivery and adherence to industry regulations and guidelines.
- 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

**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
- 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 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 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**:
2023-04-13

**Application Deadline**:
2023-04-27

**I**nclusion** 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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