OTC Derivatives Settlement Analyst - Jobs in Halifax, NS

Job Description

What is the opportunityRBC’s OTC Derivatives Settlements team within BCS (Business and Client Services) is looking to hire an Analyst on a one year contract to join its Halifax Office. The incumbent will provide settlement support to internal and external stakeholders for OTC Interest Rate Derivative (IRD) products traded globally in Capital Markets. The incumbent will be responsible for ensuring the accuracy of the daily rates captured in the Infinity and Murex systems, required for rate fixings. These are used for settlement purposes on a wide array of OTC Derivative products – including but not limited to Interest Rate Swaps (IRS), Options, Forward Rate Agreements (FRA’s) and Structured trades. This is an opportunity to develop a good understanding of operational best practices through exposure to the 2021 ISDA Interest Rate Derivatives Definitions.What will you doRate Fixing

• Perform functions for daily Rate Resets activity, accurately and on a timely basis for rate fixing and settlement purposes.
• Assist external counterparties or internal BCS personnel with rate investigations and/or discrepancies where applicable. Address inquiries in timely fashion and escalate outstanding items.
• Liaise with Marketers, Traders, Documentation Officers ‘and Analysts to ensure that proper trade details are maintained.
• Review Upcoming Payments.

Training and Support

• Provide direct support and guidance to the junior reset analyst and provide assistance to managers/leaders as required.
• Ensure compliance with mandated Unit Financial Controls /SOX Controls and RBC “Standing Orders” Policy requirements.
• Update the EUC Change Log for any changes made to the identified EUC spreadsheets
• Develop solid understanding of derivative products.
• Provide critical basic coverage to the London Rate Setting Desk for purposes recording and inputting rates, running cash flows, and daily reports.

Team improvements and efficiencies

• Proactively identify opportunities to further streamline processes. Recommend cost efficient and effective controls for the team with the introduction of new processes, products and systems.

What you need to succeedMust-have

• Post-Secondary education or equivalent
• Intermediate to Advanced Excel/VBA Skills (Pivot Tables and Macros)
• High degree of accuracy, attention to detail and ability to analyze large amounts of data.
• Strong interpersonal in communicating with other analysts, traders, and clients

Nice-to-haves

• Good working knowledge and accounting/valuation concepts of Derivatives products
• Strong problem solving skills and organizational skills to handle high volumes.
• 2 years’ experience within Derivatives Operations - exposure to Credit and Fixed Rate Derivatives
• Good working knowledge of various (RBC) Systems: Microsoft Word, Excel, Anvil, Infinity, Murex, eGL, StorQM, OBI, RIMMS OPICS
• Knowledge of Capital Markets trading practices or OTC Derivatives products terminology

What’s in it for youWe 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

RBC requires as a condition of employment that all successful candidates in the United States and Canada be fully vaccinated against COVID-19 prior to their start date, and may require proof of the same. Reasonable accommodation is available where required by law.RBC exige, à titre de condition d’emploi, que tous les candidats retenus aux États-Unis ou au Canada soient entièrement vaccinés contre la COVID-19 avant leur date d’entrée en fonction. Il est possible qu’ils aient à présenter une preuve vaccinale. Des mesures raisonnables d’adaptation sont offertes lorsque la loi l’exigeRBC is committed to supporting flexible work arrangements when and where available. Details to be discussed with Hiring Manager.RBC requires as a condition of employment that all successful candidates in the United States and Canada be fully vaccinated against COVID-19 prior to their start date, and may require proof of the same. Reasonable accommodation is available where required by law.Join our Talent CommunityStay 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.JOB SUMMARYCity: HalifaxAddress: 120 Western PKWY - 4th Floor, BedfordWork Hours/Week: 37.5Work Environment: OfficeEmployment Type: Full TimeCareer Level: Entry LevelApplication Deadline: 02/15/2022Platform: Capital MarketsReq ID: 450077Ad Code(s):Quick Apply

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