Derivative Analyst Jobs

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?

• Participate in ad-hoc projects and initiatives as required
• Performs day to day processing and analysis of Alternative products, including a variety of Derivatives products and term loans
• Monitor and maintain group inbox for internal and external queries
• Assess Net Asset Value and Market Value calculations for Derivative products being reconciled
• Ensure accurate and timely delivery of Reporting, and to ensure accuracy and appropriateness of accounting for performance and exposure analysis.
• Verify terms and details of Derivatives products including Forwards, Futures, Options and Swaps
• Calculate mark to market (MTM) for all open positions and posting to respective reporting platforms.
• Perform daily reconciliation of a variety of Derivatives products including Forwards, Futures, Options, Swaps and Structured Products
• Generate derivative reports for the Fund Accounting and Custody Reporting groups
• Escalate breaks to the appropriate parties as per procedure
• Ensure compliance to Client’s Trust Agreements and relevant disclosure documents as it relates to service delivery and adherence to industry regulations and guidelines.
• Monitor net cash flows for the various products.
• Performs Accounting functions including control and updating the general ledger, appropriate review, analysis of profit and loss (P&L) and reconciliation break clearance.

What do you need to succeed?

Must-have

• Strong understanding of how to calculate MTM for all open positions for Derivative products
• Strong interpersonal skills
• Flexibility to meet scheduled shift work
• Minimum 1 year Derivatives experience including experience with year-end processes, audit, transitions and mergers.
• Investment accounting experience
• Computer Skills: MS office, knowledge and experience with Derivatives systems and integration
• Understanding the performance of a portfolio and ability to decompose the P&L
• Accurate and detail oriented
• Strong oral and written communication skills

Nice to have

• Working knowledge of GAAP
• Successful completion of the CSC
• Enrolment in CGA/CMA/CFA or other recognized accredited program
• Securities 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.

• Working with an exciting, close-knit, supportive & dynamic group
• A comprehensive Total Rewards Program including bonuses and flexible benefits
• 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
• Excellent career development and progression opportunities
• Competitive compensation
• Opportunity to collaborate with other business segments within the bank

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

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.

Join our Talent Community

Stay 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 rbc.com/careers.