Analyst, Equity Derivatives Settlement

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Analyst, Equity Derivatives Settlement

Corporate Finance

Job Description

What is the opportunity?

The Global Equity Derivative administration with Business and Client Services and the Settlements and Clearing Services pillar, provides operational support to the Global Equities desk within Capital Markets.  The team provides a variety of services, including but not limited to cash settlement, coupon calculations, rate setting, cash and G/L reconciliation.  Products supported are multi-currency and encompass all types of Derivative Swaps (Equity, Interest Rate, Asset, Variance, Credit Derivative), Options and index linked notes.

The role is responsible on execution within defined parameters, with some expansion based on developing capabilities and/or experiences, in partnership with more experienced staff.

In addition the role, you will also be required to  manage the day-to-day operational support for all OTC Equity Derivative trading groups globally.  Provide operational support for DCG, CMA, GELP and Central Funding.  Handle multiple back office functions for Ds Inc. and Alternative Assets trading when needed as well.  Ensure all responsibilities are carried out in accordance with RBC Code of Conduct, RBC Values and Guiding Principles ensuring adherence to RBC Privacy principles.

What will you do?

• Manage all aspects of OTC Derivative trade validation, maintenance, affirmation, settlement and regulatory reporting. Perform trade validation when new trades are booked and identify and escalate issues as needed.  Validate process and settle all periodic events to ensure the integrity of the entire trade life cycle.

• Liaise with counterparties to ensure payments are settled as scheduled.

• Perform trade affirmation with counterparties to minimize risk.

• Track and monitor outgoing and incoming payments with counterparties and escalate payment failures when required.

• Perform interest claim and counterclaim analysis and provide to trading partners for approval when required.

• Perform position and cash reconciliation for desks in Sophis where required.

• Responsible for following established guidelines and identifying and resolving problems. Individuals at this level are expected to use some independence of thought but to refer more complex problems to supervisors or other experts. Individuals would be expected to contribute to work flow or process change and redesign, and to form a strong basic understanding of the specific function.

• Perform both daily or routine regulatory reporting tasks as well as ad-hoc requests and projects. Be able to competently support other trading groups in the Global Equity Derivatives space when colleagues are out of the office.

• Perform ad-hoc request support and analysis when requested.

What do you need to succeed?

Must-have's

• MBA/University Degree and/or relevant professional training

• Minimum 4-6 years of related work experience - Knowledge of end-to-end trade life cycle functions/processes within Capital Markets, trade terminology and OTC derivatives products e.g. Equity swaps, credit default swaps, variance swaps, options, asset swaps, interest rate swap, forwards, equity linked notes, commodity linked notes, accumulators, deccumulators.

• Experience in calculations used to support settlement of derivative products.

• Advanced analytical and problem-solving - high degree of accuracy and ability to analyze large amounts of data.

• Strong interpersonal and communication skills

• High level of adaptability in a dynamic global team environment

• Competent Excel Skills (Pivot Tables, Functions/Formulas)

Nice-to-have's

• Ability to analyze and meet deadlines in high-pressure situations

• Proactive in identifying, escalating and resolving potential issues

• Good organizational skills and detail orientated  

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 performance based bonuses, flexible benefits, and competitive compensation.

• Leaders who support your development through coaching and managing opportunities.

• A world-class training program in financial services.

• A collaborative dynamic culture where personal initiative and hard work are recognized and rewarded.

Job Skills

Additional Job Details

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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.