Derivatives Reconciliation Specialist

1 week ago


Toronto, Ontario, Canada Royal Bank of Canada> Full time

About the Role

At Royal Bank of Canada, we're seeking a skilled Derivatives Reconciliation Analyst to join our Alternatives Investment team.

Key Responsibilities

  1. Oversee day-to-day processing of derivatives transactions.
  2. Perform daily reconciliation of various derivatives products, including Forwards, Futures, Options, Swaps, and Structured Products.
  3. Evaluate and escalate breaks to the appropriate parties as per procedure.
  4. Assess Net Asset Value and Market Value calculations for derivatives products being reconciled.
  5. Monitor and maintain the group inbox for internal and external queries.
  6. Verify terms and details of derivatives products, including Forwards, Futures, Options, and Swaps.
  7. Generate derivative reports for the Fund Accounting and Custody Reporting groups.
  8. Participate in ad-hoc projects and initiatives as required.

Requirements

  • Minimum 1 year of derivatives experience, including experience with year-end processes, audit, transitions, and mergers.
  • Strong understanding of how to calculate MTM for all open positions for derivatives products.
  • Ability to decompose portfolio performance and calculate P&L.
  • Strong collaboration and team skills, with a focus on cross-group collaboration.
  • Data-driven reporting.
  • Knowledge of business analysis, project delivery practices, and standards across the project lifecycle.

Nice-to-Haves

  • Securities experience.
  • Enrolment in CAIA/CGA/CMA/CFA or other recognized accredited program is desirable.
  • Working knowledge of GAAP.


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