Senior Futures Analyst

RBC • Bedford, NS

3d • Onsite

About The Position

This role provides first-line of defense trade support coverage to Futures trading desks across multiple time zones and markets. The incumbent will be part of the Futures Client Services Department and will receive cross-training to assist in the Clearing Department as needed. The primary focus is to support the Futures Client Services team in ensuring efficient and accurate daily processing of client margin/collateral settlements, position management, and client inquiries. This role involves daily client interaction, where the officer directly engages with client operations and trade teams to facilitate these processes.

Requirements

• University or College graduate
• Excellent verbal and written communication skills, interpersonal skills
• Strong emotional intelligence and time management skills
• High degree of accuracy, attention to detail, strong organizational and analytical skills
• Ability to explain complex concepts clearly to non-technical stakeholders
• Experience delivering results through effective teamwork and as an individual
• Ability to support colleagues, share knowledge openly, and adapt working style to complement team dynamics
• Collaborative problem-solving mindset
• Demonstrated ability to ask insightful questions, think critically about complex issues, and contribute meaningfully to group decision-making processes
• Natural curiosity and initiative in learning new processes, systems and technology
• Comfort building relationships and liaising confidently with all organizational levels
• Knowledge of Futures/Options products, trading practices and trading terminology
• Above average knowledge of MS Excel (including pivot tables, VLOOKUP’s, formulas) as well as MS Office suite

Nice To Haves

• Exceptional candidates who demonstrate strong collaborative competencies, interpersonal effectiveness, and potential to be significant contributors will be considered even if they do not meet all technical criteria.
• Success indicators can be developed through diverse experiences including sport, volunteer work, volunteer leadership roles, or other activities that demonstrate resilience, teamwork, and growth mindset.

Responsibilities

• Develop an in-depth understanding of margin and settlement requirements for futures and options products, and the systems used (XTP, SOLA, TMS, SEALS, BTS, Fiserv, JEFE, SL).
• Verify the accuracy of daily processing for Futures trades, daily cash margin payments/receipts (wire transfers, ADP postings, collateral transfers).
• Facilitate the onboarding of new clients in collaboration with sales, client implementation teams, and other operations and technology departments.
• Manage queries related to give-ins and give-ups, ensuring accuracy in payments processing and receipt of funds.
• Maintain responsibility for EGUS, DOCS, and related processes.
• Spearhead business requirement gathering and user acceptance testing (UAT) for system upgrades and database conversions involving RISC, SEALs, and other core systems.
• Become proficient with exchange fees and rates, specifically understanding Montreal Exchange and CDCC fee and incentive programs.
• Perform UAT for vendor or exchange software/hardware upgrades, development, or technical process changes in coordination with the IT Team.
• Work with internal technology partners to optimize SEALS and XTP capabilities for efficient straight-through processing for clients.
• Ensure strict adherence to daily, monthly, and quarterly procedures as detailed in the group’s PRIMA site and Standing Orders.
• Perform large position reporting (Montreal Exchange) and maintain upkeep of OCR reporting modules.
• Cross-train with all members of the Client Services team to ensure coverage for absences.
• Cross-train and become fully functional on various Futures Clearing functions, including trade validation, allocations, and reconciliations.
• Ensure daily and monthly procedures are strictly observed as detailed in the group’s procedures and standing orders.
• Maintain and update operational procedures and PRIMA maps related to these functions on an ongoing basis.
• Proactively identify opportunities to streamline processes.
• Recommend cost-efficient and effective controls for Futures trade processing with new processes, products, and systems.
• Initiate and implement recommendations for automation.
• Perform system troubleshooting and develop technology tools (e.g., VBA macro) as required to support trade validation/reconciliation responsibilities.

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: Senior
• Education Level: Associate degree