Senior Analyst, Derivatives Confirmations, CA (Contract)
Top Benefits
About the role
Job Description
What is the opportunity?
Our client is a specialist provider of asset services, custody, payments and treasury services. Founded in 1864, they are the 10th largest bank worldwide and the 5th in North America, as measured by market capitalization. They are among a small group of highly rated global banks and are recognized time and time again for our financial strength, market leadership and philanthropic work.
Our client has a processing centre of operational excellence supporting 10 countries across three geographical time zones employing a Global Operating Model to maximise efficiencies across times zones and supports a 24/5 operational capability. The objectives for Malaysia are to enhance the scalability of their global operations, improve service quality via their ‘centres of excellence’ and to implement/leverage standardised processes globally.
To provide in depth Commodity Product support within the Commodities Operations Confirmations Team. Primary focus within the operations team is to provide trade confirmation and static data coverage in order to mitigate operational risk between RBC and our counterparts. Confirmation coverage is to ensure that trade confirmations are sent to and verified with our counterparts in accordance with our Standing Orders. In addition to providing support to the operations team there is the need to support to trading, sales and other departments with various inquires that may arise from day to day.
Region : UK
Working Hours : 3pm-12am / 4pm-1am
What will you do?
- Review Confirmations prepared by Junior Analysts and ensure they are in accordance with the Standing Order Policy. Prepare confirmations specifically requested by FO for more complex deal structures.
- Evaluate RBC prepared Confirmations to ensure they match with the Client prepared documents (both in economic terms and Legal Agreement provisions). Advise Junior Analysts on their dealing with Client discrepancies and ensure unresolved discrepancies are escalated to the FO, Documentation Group, Legal Department as appropriate.
- Analyze T-1 reconciliation between Actiflow and Openlink to ensure accordance with Standing Order Policy with regard to sending out confirmations.
- Review and action regulatory reporting obligations to ensure compliance such LTR/OCR reporting.
- Ensure maker/checker is in place for static data entry and/or updates. Responsible to verify static data set up by other members of the confirmations team or other departments. Implement procedures for static data entry/updates to assist in streamlining this process. Create a framework to facilitate a standardized approach towards maintaining static data.
- Review Outstanding Aged Confirmations Reports distribution and document follow ups to reduce number of outstanding confirmations.
- Participate in the testing, analysis and establishment of operational procedures upon the introduction of new products as advised.
- Research source of Commodity prices and the appropriate Commodity description for each Index template to be created for new commodity products traded.
- Maintain and update the confirmation letter templates and index templates used in the automated generation of confirmations.
- Adhere to firm wide KYC policies for set up of new and existing clients.
- Maintain product and operational procedures on an on-going basis.
What do you need to succeed?
Must-have
- Above average knowledge of MS Office suite.
- Above average knowledge of MS Excel (including pivot tables, vlookups, formulas).
- Exceptional candidates who do not meet criteria will be considered
- 2-4 years of working experience
What’s in it for you?
Our client thrive on the challenge to be their best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. Our client care about each other, reaching their potential, making a difference to their communities, and achieving success that is mutual.
- A comprehensive Total Rewards Program including performance-based bonuses, flexible benefits, and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- A world-class training program in financial services
- A collaborative dynamic culture where personal initiative and hard work are recognized and rewarded
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Senior Analyst, Derivatives Confirmations, CA (Contract)
Top Benefits
About the role
Job Description
What is the opportunity?
Our client is a specialist provider of asset services, custody, payments and treasury services. Founded in 1864, they are the 10th largest bank worldwide and the 5th in North America, as measured by market capitalization. They are among a small group of highly rated global banks and are recognized time and time again for our financial strength, market leadership and philanthropic work.
Our client has a processing centre of operational excellence supporting 10 countries across three geographical time zones employing a Global Operating Model to maximise efficiencies across times zones and supports a 24/5 operational capability. The objectives for Malaysia are to enhance the scalability of their global operations, improve service quality via their ‘centres of excellence’ and to implement/leverage standardised processes globally.
To provide in depth Commodity Product support within the Commodities Operations Confirmations Team. Primary focus within the operations team is to provide trade confirmation and static data coverage in order to mitigate operational risk between RBC and our counterparts. Confirmation coverage is to ensure that trade confirmations are sent to and verified with our counterparts in accordance with our Standing Orders. In addition to providing support to the operations team there is the need to support to trading, sales and other departments with various inquires that may arise from day to day.
Region : UK
Working Hours : 3pm-12am / 4pm-1am
What will you do?
- Review Confirmations prepared by Junior Analysts and ensure they are in accordance with the Standing Order Policy. Prepare confirmations specifically requested by FO for more complex deal structures.
- Evaluate RBC prepared Confirmations to ensure they match with the Client prepared documents (both in economic terms and Legal Agreement provisions). Advise Junior Analysts on their dealing with Client discrepancies and ensure unresolved discrepancies are escalated to the FO, Documentation Group, Legal Department as appropriate.
- Analyze T-1 reconciliation between Actiflow and Openlink to ensure accordance with Standing Order Policy with regard to sending out confirmations.
- Review and action regulatory reporting obligations to ensure compliance such LTR/OCR reporting.
- Ensure maker/checker is in place for static data entry and/or updates. Responsible to verify static data set up by other members of the confirmations team or other departments. Implement procedures for static data entry/updates to assist in streamlining this process. Create a framework to facilitate a standardized approach towards maintaining static data.
- Review Outstanding Aged Confirmations Reports distribution and document follow ups to reduce number of outstanding confirmations.
- Participate in the testing, analysis and establishment of operational procedures upon the introduction of new products as advised.
- Research source of Commodity prices and the appropriate Commodity description for each Index template to be created for new commodity products traded.
- Maintain and update the confirmation letter templates and index templates used in the automated generation of confirmations.
- Adhere to firm wide KYC policies for set up of new and existing clients.
- Maintain product and operational procedures on an on-going basis.
What do you need to succeed?
Must-have
- Above average knowledge of MS Office suite.
- Above average knowledge of MS Excel (including pivot tables, vlookups, formulas).
- Exceptional candidates who do not meet criteria will be considered
- 2-4 years of working experience
What’s in it for you?
Our client thrive on the challenge to be their best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. Our client care about each other, reaching their potential, making a difference to their communities, and achieving success that is mutual.
- A comprehensive Total Rewards Program including performance-based bonuses, flexible benefits, and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- A world-class training program in financial services
- A collaborative dynamic culture where personal initiative and hard work are recognized and rewarded
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.