Analyst, Derivatives Confirmations (13 Months Contract)

Job title: Analyst, Derivatives Confirmations (13 Months Contract)

Company: Royal Bank of Canada


Job description: Job SummaryJob DescriptionWhat is the opportunity?This role mitigates Legal, Operational and Economic risk associated with derivatives transactions.

• Ensures that quality service is provided and that the Bank is represented in a professional manner at all times.
• 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. As such, this mandate may be subject to change in accordance with evolving business needs

***Please note, this is a 13-month contract opportunity***What will you do?

• Draft and review ISDA confirmations covering plain vanilla and structured OTC derivative transactions and directly negotiate terms with counterparties.
• 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 all trade confirmations are drafted, dispatched, and executed in accordance with procedures, Standing Order and regulatory requirement for all derivatives transactions.
• Ensure any trade discrepancies are investigated and escalated to the Front-Office as soon as they are identified and follow-up 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.
• Process audit confirmation requests for derivatives products and forward audit request to appropriate team(s) for processing as required.
• Proactively identifies opportunities to further streamline processes and improve productivity. Actively escalates and follows-up system issues affecting the confirmation process.
• Responsible for maintaining product and operational procedures documents on an ongoing basis.
• Cross-train on other desks within the department to provide relief during absences and high volume periods.
• Maintenance of counterparty reference data related to confirmation are up-to-date in the system.

What you need to succeed?

• Good knowledge of ISDA documentation definitions
• Good understanding of the complexity of Derivatives transactions
• 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
• Excellent verbal and written communication skills
• Detail-oriented, strong time management and organization skills
• Self-motivation, initiative, good attention to detail & high level of numeracy.
• A good communicator, with an ability to be concise.
• Analytical abilities and able to be pro-active to foresee potential problems
• An ability to identify collaboration opportunities with our internal partners.
• Team player

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 Active Learning, Adaptability, Business Appraisals, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process ImprovementsAdditional Job DetailsAddress: RBC CENTRE, 155 WELLINGTON ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: CAPITAL MARKETSJob Type: Contract (Fixed Term)Pay Type: SalariedPosted Date: 2025-02-05Application Deadline: 2025-02-20Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt 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.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Expected salary:

Location: Toronto, ON

Job date: Fri, 07 Feb 2025 07:08:53 GMT

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