Manager, Structured Product Business Support

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Job Title

Manager, Structured Product Business Support

What is the opportunity?

The Manager, Structured Product Business Support will be responsible for the transaction management of over-the counter equity derivatives and ensuring proper trade booking of new and pre-existing trades. The incumbent will need to learn/understand structured product payoffs and will be directly engaging with Sales and Trading on a daily basis. They will liaise with Front Office, Market Risk, Valuations, P&L, IT, Operations and other teams in the firm to resolve breaks and inform them about new/amended trades. They will engage with stakeholders to develop booking templates that define all the key transaction attributes and recommend improved workflow between departments to increase efficiencies and controls. The manager will also monitor the trends in volume and type of trade activity to ensure that risk systems and processes are fit for scale.

What will you do?

• Work with IT to automate transaction workflow and create robust trade booking and trade activity monitoring tools
• Ensure all transactions are booked properly in the trading systems
• Document all ‘non-traditional’ and / or ‘experimental’ transactions
• Ensure trades are updated to properly reflect events (expiries, call dates, resets, barriers, etc); as well as properly reflect corporate actions (dividends, stock splits, mergers, etc)
• Ensure all amendments are properly reflected in the trading systems
• Ensure all controls reports are updated and enhance control criteria as needed
• Document multi-leg and/or multi-systems bookings and valuation environments for trade structures and ensure they are accurate and complete for P&L and risk purposes
• Validate that confirmations and/or offering memorandums are defined consistent with the system booking

What do you need to succeed?

Must-have

• Ability to work under pressure, accept responsibility and deliver
• High attention to detail and control-focused
• Working knowledge of equity derivatives and structured equity products (eg. Reverse convertibles, autocallables, barrier options, etc)
• BA / BS or equivalent with emphasis in finance, economics or other quantitative discipline

Job Summary

Address:

TORONTO, Ontario, Canada

City:

CAN-ON-TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Office of the CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2023-06-02

Application Deadline:

2023-06-30

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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