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Analyst, Derivative Operations


This is a Contract position in Toronto, ON posted March 29, 2021.

What is the opportunity?

The Global Equity Derivative Administration of RBC CM Business & Client Services business division is looking to hire Analyst, Derivative Operations. Primary focus is on execution within defined parameters, with some expansion based on developing capabilities and/or experiences, in partnership with more experienced staff. 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?

  • 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. May also be accountable for regular reporting or process administration as ”owner”.
  • 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.
  • Perform both daily or routine regulatory reporting tasks as well as ad-hoc requests and projects.
  • Perform position and cash reconciliation for desks in Sophis where required.
  • 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.
  • 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.
  • Understand the impact of your responsibilities as they relate to the desks and trades you support


What do you need to succeed?

  • Demonstrate/develop proficiency in all types of OTC products including: Equity swaps, credit default swaps, variance swaps, options, asset swaps, interest rate swap, forwards, equity linked notes, commodity linked notes, accumulators, deccumulators, IOS, POS, FX settlements and any new products that come to market in the equity derivative asset class
  • Demonstrate proficiency in all calculations used to support any products in your support range
  • Demonstrate knowledge of internal procedures and controls. Ensure all procedures are followed to the letter and escalate any issues which arise while following said procedures and controls.
  • Demonstrate the ability to quickly identify potential problems that need immediate attention and/or escalation. Be able to allocate time and resources to correct address any issues as needed
  • Understand the importance of our team concept.  Establish long-lasting organizational relationships that will foster a productive work environment
  • Understand the relevant technology and applications that are required to excel in analyst role. Sophis, MS Excel and MS Outlook are the critical applications used on a daily basis


Behavioural competencies:

  • Ability to analyse and meet deadlines in high-pressure situations
  • Use good judgement, confidentiality and discretion in communicating with colleagues and partners
  • Proactive in identifying, escalating and resolving potential issues
  • Good organizational skills and detail orientated
  • Excellent verbal and written communication skills
  • Drive to enhance own skills and build knowledge within a team


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

About RBC
Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit

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Inclusion and Equal Opportunity Employment
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.


City:  Toronto 
Address:  155 Wellington Street West 
Work Hours/Week:  37.5 
Work Environment:  Office 
Employment Type:  Permanent 
Career Level:  Entry Level 
Pay Type:  Salaried 
Required Travel (%):  0 
Exempt/Non-Exempt:  N/A 
People Manager:  No 
Application Deadline:  04/08/2021 
Req ID:  339996

Posting Notes: