Analyst, Derivatives Confirmations, Ca

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Job Title

Analyst, Derivatives Confirmations, CA

• Perform daily review to ensure all confirmations are drafted, dispatched and executed in accordance with procedures, Standing Orders and regulatory guidelines (e.g. CFTC & ESMA).
• 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.
• 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.
• Perform metrics reporting and action regulatory reporting obligations (LTR/OCR)
• Maintain product and operational procedures on an on-going basis. Review processes to ensure the adequacy and effectiveness of controls. Update procedures as required to mitigate risk / improve efficiency and ensure staff members are in compliance.
• Perform UAT testing for system upgrades / enhancements.
• Act as back up for all team members.
• Liaise as necessary with Management, Legal, Documentation and FO regarding new and non-standard confirmation templates and new client requests. Ensure proper documentation of all approved templates and applicable operational procedures. Research source of commodity prices and the appropriate commodity description for new commodity products traded.
• Work with Sales / Trading regarding issues arising from the booking of transactions, initiate recommendations to reduce errors.
• Monitor counterparty set up process to ensure appropriate controls are in place to mitigate risk of setting up clients where KYC and due diligence is not yet completed
• Act as escalation contact for aging outstanding trades / issues. Further escalate as necessary to Sales / Trading, Credit Risk and Senior Management.

Skills

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

Job Summary

The Derivatives Confirmations Group for Commodities provides in-depth product support for all major commodity areas – from crude oil, natural gas and carbon emissions to metals and agriculture.

The primary focus of the role is to provide trade confirmation and static data coverage in order to mitigate legal, economic and operational risk between RBC and our counterparts. The Senior Analyst also provides supervision to the other Analysts within the team, ensuring 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.

Address:

TORONTO, Ontario, Canada

City:

CAN-ON-TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Capital Markets

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2023-07-13

Application Deadline:

2023-07-27

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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