Analyst, Derivatives Confirmations

2 weeks ago

Halifax Regional Municipality, Canada Royal Bank of Canada> Full time

Job Summary

Job Description

What is the opportunity?

As an Analyst, your role will mitigate legal, operational, economic risk, and reputational risk associated with derivatives transactions. You will also provide quality service to our internal business partners and external clients and represent the Bank in a professional manner at all times.

What will you do?

  • Draft and review ISDA confirmations covering plain vanilla and structured OTC derivative transactions initially covering the equity asset classes and thereafter supporting other asset classes, as necessary, and directly negotiate terms of the confirmation with counterparties

  • Escalate any unusual behavior as well as any processing issues to the Team Manager in a timely manner following the BCS Escalation Policy

  • Assist the Team Manager / Department Head on projects, process improvements or new business initiatives as requested

  • Ensure that all documentation comply with jurisdictional regulations, ISDA and current market practice, or where there are variations, that they are acknowledged and understood by the appropriate individuals and teams

  • Daily chase and follow up on all outstanding (unsigned) confirmations

  • Eliminate lengthy delays in confirmation execution and escalate inevitable delays promptly and appropriately

  • Be an information conduit between London, Toronto & New York Derivative Confirmations teams

  • Take on ad hoc projects related to cost reduction and efficiency enhancement goals

  • Participate in regular team meetings which also includes but is not limited to knowledge sharing on a specific derivative product

  • Regulatory initiatives – assist Regional Management to pre-emptively adapt to evolving regulatory requirements, stay abreast of the latest developments (e.g. DFA, Clearing) and their implications to make recommendations.

  • Track and govern self-identified gaps and audit comments

  • Continue to develop product / market knowledge to ensure daily processes effectively mitigate operational risks

  • Support colleagues during busy periods by sharing workload as applicable.  This includes cross-training on other desks within the department to provide relief during absences and high volume periods

  • As a more experienced member of the team, assist colleagues with any day to day issues

What do you need to succeed?

Must-have

  • Bachelor’s Degree

  • Strong knowledge of Derivatives Products in general, standard market practices and trading terminology

  • Understanding of the complexity of Derivatives transactions

  • Familiarity with the various processes involved in the confirmation lifecycle and confirmation workflow

  • Ability to prepare a wide range of legal documents for financial transactions

  • Quick learner who is able to thrive in a fast paced environment

  • Willingness to learn and contribute to the team

Nice-to-have

  • Familiarity with Murex, Infinity, Sophis, ActiFlow, and MarkitWire

  • Experience in capital markets operations

  • 2-3 years of experience with ISDA documentation

  • Microsoft Excel (formulae and VBA)

  • An understanding of market/counterparty/credit/operational/regulatory risk

  • Project Management experience

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.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation

  • Leaders who support your development through coaching and managing opportunities

  • Work in a dynamic, collaborative, progressive, and high-performing team

  • Opportunities to do challenging work

  • Flexible work/life balance options

Job Skills

Communication, Critical Thinking, Customer Service, Interpersonal Relationship Management, Operational Delivery, Process Improvements, Time Management

Additional Job Details

Address:

120 WESTERN PKY:BEDFORD

City:

BEDFORD

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Capital Markets

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-04-29

Application Deadline:

2024-05-13

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.
​​​​​​​
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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