Analyst, Derivatives Confirmations

Job Summary Job Description What is the opportunity? As an Analyst, your role will mitigate legal, operational, economic risk, and reputational risk associated with derivatives transactions. You will also provide quality service to our internal business partners and external clients and represent the Bank in a professional manner at all times. What will you do? Draft and review ISDA confirmations covering plain vanilla and structured OTC derivative transactions initially covering the equity asset classes and thereafter supporting other asset classes, as necessary, and directly negotiate terms of the confirmation with counterparties Escalate any unusual behavior as well as any processing issues to the Team Manager in a timely manner following the BCS Escalation Policy Assist the Team Manager / Department Head on projects, process improvements or new business initiatives as requested Ensure that all documentation comply with jurisdictional regulations, ISDA and current market practice, or where there are variations, that they are acknowledged and understood by the appropriate individuals and teams Daily chase and follow up on all outstanding (unsigned) confirmations Eliminate lengthy delays in confirmation execution and escalate inevitable delays promptly and appropriately Be an information conduit between London, Toronto & New York Derivative Confirmations teams Take on ad hoc projects related to cost reduction and efficiency enhancement goals Participate in regular team meetings which also includes but is not limited to knowledge sharing on a specific derivative product Regulatory initiatives – assist Regional Management to pre-emptively adapt to evolving regulatory requirements, stay abreast of the latest developments (e.g. DFA, Clearing) and their implications to make recommendations. Track and govern self-identified gaps and audit comments Continue to develop product / market knowledge to ensure daily processes effectively mitigate operational risks Support colleagues during busy periods by sharing workload as applicable.  This includes cross-training on other desks within the department to provide relief during absences and high volume periods As a more experienced member of the team, assist colleagues with any day to day issues What do you need to succeed? Must-have Bachelor’s Degree Strong knowledge of Derivatives Products in general, standard market practices and trading terminology Understanding of the complexity of Derivatives transactions Familiarity with the various processes involved in the confirmation lifecycle and confirmation workflow Ability to prepare a wide range of legal documents for financial transactions Quick learner who is able to thrive in a fast paced environment Willingness to learn and contribute to the team Nice-to-have Familiarity with Murex, Infinity, Sophis, ActiFlow, and MarkitWire Experience in capital markets operations 2-3 years of experience with ISDA documentation Microsoft Excel (formulae and VBA) An understanding of market/counterparty/credit/operational/regulatory risk Project Management 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. A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation Leaders who support your development through coaching and managing opportunities Work in a dynamic, collaborative, progressive, and high-performing team Opportunities to do challenging work Flexible work/life balance options Job Skills Communication, Critical Thinking, Customer Service, Interpersonal Relationship Management, Operational Delivery, Process Improvements, Time Management Additional Job Details Address: 120 WESTERN PKY:BEDFORD City: BEDFORD Country: Canada Work hours/week: 37.5 Employment Type: Full time Platform: Capital Markets Job Type: Regular Pay Type: Salaried Posted Date: 2024-04-29 Application Deadline: 2024-05-13 I nclusion 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 jobs.rbc.com .