Analyst - Derivatives Confirmations (12 Month Contract)

RBC • Bedford, NS

2d • Onsite

About The Position

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.

Requirements

• Bachelor’s Degree
• Background or interest in the financial industry
• Interest in learning about Derivatives Products in general, standard market practices and trading terminology
• Willing to understanding the complexity of Derivatives transactions
• Interest in learning the various processes involved in the confirmation lifecycle and confirmation workflow
• Microsoft Suite
• Quick learner who is able to thrive in a fast paced environment
• Willingness to learn and contribute to the team
• Strong writing and communication skills along with attention to detail

Nice To Haves

• Familiarity with Murex, Infinity, Sophis, ActiFlow, and MarkitWire
• 2-3 years of experience with ISDA documentation
• A good understanding of ISDA Derivatives Definitions
• An understanding of market/counterparty/credit/operational/regulatory risk
• Ability to prepare a wide range of legal documents for financial transactions

Responsibilities

• 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.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level