At a Glance
- Tasks: Support trade confirmations and manage static data in the Derivatives Confirmations Group.
- Company: Join RBC, a leading bank committed to innovation and community impact.
- Benefits: Enjoy competitive pay, bonuses, flexible benefits, and work-life balance.
- Other info: Dynamic team environment with opportunities for growth and development.
- Why this job: Make a real difference in finance while collaborating with top professionals.
- Qualifications: Degree in Finance or Economics; 3-5 years of relevant experience required.
The predicted salary is between 60750 - 74250 $ per year.
You will provide in-depth product support within the Derivatives Confirmations Group, covering Commodities and/or FX/FX Options. Your primary focus will be trade confirmation and static data management to mitigate operational risk between RBC and its counterparties. You will ensure confirmations are issued, verified, and resolved in accordance with Standing Order requirements. The role also involves daily interaction with Trading, Sales, and internal partners to resolve inquiries and support business activities.
What will you do?
- Draft and issue trade confirmations in accordance with Standing Order Policy
- Review RBC-prepared confirmations against counterparty documents to ensure alignment on economic terms and legal agreement provisions
- Investigate and resolve confirmation discrepancies, escalating unresolved issues to Front Office, Documentation, or Legal as required
- Perform reconciliations to ensure data accuracy and completeness
- Review and action regulatory reporting obligations to maintain compliance with regulatory bodies including CFTC and ESMA
- Apply maker-checker controls for static data setup and updates, including verification of changes made by team members or other departments
- Monitor and follow up on aged confirmation reports to reduce outstanding confirmations
- Participate in testing, analysis, and implementation of operational procedures for new products
- Maintain and update confirmation templates and index templates used in automated confirmation generation
- Adhere to firm-wide KYC policies for new and existing client setup
- Maintain up-to-date product knowledge and operational procedures
What do you need to succeed?
- Strong proficiency in Microsoft Office. Advanced Excel skills including pivot tables, VLOOKUPs, and formulas
- University degree in Finance, Economics or a related field
- 3 - 5 years of prior relevant experience
- Good knowledge of foreign exchange and commodity derivative transactions
- Good knowledge of ISDA documentation definitions
- Good understanding of derivatives products in general, standard market practices, and trading terminology
- Exceptional communication skills - both written and verbal
- Detail-oriented, strong time management and organization skills
- Analytical abilities and able to be pro-active to foresee potential problems
- An ability to identify collaboration opportunities with our internal partners and a team player
What’s in it for you?
- 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
Senior Analyst, Derivatives Confirmations – CA in Bedford employer: RBC
RBC is an exceptional employer that fosters a dynamic and inclusive work culture, where innovation thrives and employees are empowered to grow. As a Senior Director in Toronto, you will lead a talented team in developing cutting-edge AI solutions that transform the banking experience for millions, while enjoying comprehensive benefits, professional development opportunities, and a commitment to community impact. Join us to be part of a collaborative environment that values diverse perspectives and champions your success.
