• Job Description

  Req#: R-0000088283

  Job Summary

  Job Description

  What is the opportunity?

  Alternative Investment Services provides Derivative Services for all Investor Services Clients who participate in these products. Services include the valuation of all OTC and Exchange Traded Derivative Products, Full Security Master Creation and Modeling, Term Loan administration, as well as Trade Processing, Margin, & Collateral management and other settlement activities.

  As the Derivative Analyst in the Alternatives Investment team, you will be responsible for reviewing and analyzing the accounting of all transactions and assisting with the daily, monthly and annual administration of derivatives and term Loans, as well as highly complex portfolios that deal in hedge and mutual funds. You will also be responsible for helping out with the juniors on an ongoing basis. 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?

  • Perform daily reconciliation of a variety of Derivatives products including Forwards, Futures, Options, Swaps and Structured Products

  • Escalate breaks to the appropriate parties as per procedure

  • Assess Net Asset Value and Market Value calculations for Derivative products being reconciled

  • Monitor and maintain group inbox for internal and external queries

  • Verify terms and details of Derivatives products including Forwards, Futures, Options and Swaps

  • Generate derivative reports for the Fund Accounting and Custody Reporting groups

  • Participate in ad-hoc projects and initiatives as required

  What do you need to succeed?

  Must-have

  • 2+ years of relevant work experience

  • Understanding of how to calculate MTM for all open positions for Derivative products

  • Understanding the performance of a portfolio and ability to decompose the P&L

  • Investment accounting experience

  • Computer Skills: MS office, knowledge and experience with Derivatives systems and integration

  • Strong interpersonal skills

  • Flexibility to meet scheduled shift work

  Nice-to-have

  • Securities experience

  • Enrolment in CAIA/CGA/CMA/CFA or other recognized accredited program is desirable

  • Working knowledge of GAAP

  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.

  • Excellent exposure to communicate with various business partners and stakeholders in Investor Services and within other platforms as appropriate

  • Opportunity to obtain hands-on experience throughout your role

  • Working with an exciting, close-knit, supportive & dynamic group

  • Opportunity to collaborate with other business segments within the bank

  • Excellent career development and progression opportunities

  • A comprehensive Total Rewards Program including bonuses and flexible benefits

  • Competitive compensation

  Job Skills

  Active Learning, Adaptability, Business Appraisals, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process Improvements

  Additional Job Details

  Address:

  RBC CENTRE, 155 WELLINGTON ST W:TORONTO

  City:

  TORONTO

  Country:

  Canada

  Work hours/week:

  37.5

  Employment Type:

  Full time

  Platform:

  Wealth Management

  Job Type:

  Regular

  Pay Type:

  Salaried

  Posted Date:

  2024-05-16

  Application Deadline:

  2024-05-27

  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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• About the company

  Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Com...

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