Trade Support Reconciliation Analyst
Top Benefits
About the role
What is the opportunity? The Fixed Income Derivative Operations group under RBC Capital Markets is looking to hire a Trade Support Reconciliation Analyst - to support the Toronto and New York rates derivatives trading desks. The incumbent's primary responsibility is to perform daily reconciliation of cash and positions between our main trading system (Murex) and our sub-ledger system, while providing operational support to the rates derivatives trading desks to ensure accurate settlement and position reporting.
What will you do?
Daily Reconciliation (Primary Focus):
- Perform daily reconciliation of cash and positions between Murex and sub-ledger systems with a high degree of accuracy.
- Investigate and resolve reconciliation breaks and discrepancies in a timely manner, ensuring all issues are documented and escalated appropriately.
- Review and verify General Ledger entries and Nostro account balances to ensure all transactions are properly recorded.
- Monitor reconciliation reports to identify issues, breaks, and control deficiencies, and promptly implement corrective action.
- Ensure all reconciliations are completed within prescribed deadlines with appropriate documentation and sign-offs.
- Liaise with Front Office, Product Control, IT, and Accounting teams to resolve breaks and discrepancies efficiently.
- Take a proactive approach to monitoring the accuracy of the daily reconciliation reports.
- Toronto and New York Rates Derivatives Trading Desk Support (Secondary):
- Provide operational support to Toronto and New York rates derivatives trading desks, ensuring smooth flow of daily activities.
- Assist with trade validation and verification of interest rate derivatives booked in Murex.
- Monitor shared group inboxes and respond to trader inquiries within time-constrained deadlines.
- Process post-trade amendments related to the lifecycle of trades (e.g., unwinds, novations, restructurings).
- Process Improvement and Documentation:
- Actively identify opportunities for process improvement, automation, and enhanced efficiency in reconciliation workflows.
- Assist in ensuring that process manuals and documentation are kept up to date.
- Participate in cross-training initiatives and provide support to other desks as required.
- Assist in scheduled internal and external audits.
What do you need to succeed?
Must-have
- Strong Excel skills including advanced formulas, pivot tables, VLOOKUP/XLOOKUP, etc.
- 2+ years of relevant reconciliation experience in a financial services environment, preferably within capital markets or trading operations.
- High degree of accuracy and attention to detail with strong analytical and problem-solving abilities.
- Ability to work effectively and reliably under pressure in a fast-paced environment with minimal supervision.
- Strong organizational and interpersonal skills with excellent verbal and written communication abilities.
- Team player who can collaborate effectively across multiple functions and geographies.
- Nice-to-have
- Understanding of accounting principles and experience reconciling General Ledger accounts and Nostro accounts.
- Experience/working knowledge of rates derivatives products (Interest Rate Swaps, Cross Currency Swaps, Forward Rate Agreements) and related processing procedures.
- Familiarity with trading and risk management systems such as Murex, Infinity, or similar platforms.
- Knowledge of sub-ledger accounting systems and month-end close processes.
- Other technical skills such as Python, VBA, SQL, or other automation tools.
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 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.
Trade Support Reconciliation Analyst
Top Benefits
About the role
What is the opportunity? The Fixed Income Derivative Operations group under RBC Capital Markets is looking to hire a Trade Support Reconciliation Analyst - to support the Toronto and New York rates derivatives trading desks. The incumbent's primary responsibility is to perform daily reconciliation of cash and positions between our main trading system (Murex) and our sub-ledger system, while providing operational support to the rates derivatives trading desks to ensure accurate settlement and position reporting.
What will you do?
Daily Reconciliation (Primary Focus):
- Perform daily reconciliation of cash and positions between Murex and sub-ledger systems with a high degree of accuracy.
- Investigate and resolve reconciliation breaks and discrepancies in a timely manner, ensuring all issues are documented and escalated appropriately.
- Review and verify General Ledger entries and Nostro account balances to ensure all transactions are properly recorded.
- Monitor reconciliation reports to identify issues, breaks, and control deficiencies, and promptly implement corrective action.
- Ensure all reconciliations are completed within prescribed deadlines with appropriate documentation and sign-offs.
- Liaise with Front Office, Product Control, IT, and Accounting teams to resolve breaks and discrepancies efficiently.
- Take a proactive approach to monitoring the accuracy of the daily reconciliation reports.
- Toronto and New York Rates Derivatives Trading Desk Support (Secondary):
- Provide operational support to Toronto and New York rates derivatives trading desks, ensuring smooth flow of daily activities.
- Assist with trade validation and verification of interest rate derivatives booked in Murex.
- Monitor shared group inboxes and respond to trader inquiries within time-constrained deadlines.
- Process post-trade amendments related to the lifecycle of trades (e.g., unwinds, novations, restructurings).
- Process Improvement and Documentation:
- Actively identify opportunities for process improvement, automation, and enhanced efficiency in reconciliation workflows.
- Assist in ensuring that process manuals and documentation are kept up to date.
- Participate in cross-training initiatives and provide support to other desks as required.
- Assist in scheduled internal and external audits.
What do you need to succeed?
Must-have
- Strong Excel skills including advanced formulas, pivot tables, VLOOKUP/XLOOKUP, etc.
- 2+ years of relevant reconciliation experience in a financial services environment, preferably within capital markets or trading operations.
- High degree of accuracy and attention to detail with strong analytical and problem-solving abilities.
- Ability to work effectively and reliably under pressure in a fast-paced environment with minimal supervision.
- Strong organizational and interpersonal skills with excellent verbal and written communication abilities.
- Team player who can collaborate effectively across multiple functions and geographies.
- Nice-to-have
- Understanding of accounting principles and experience reconciling General Ledger accounts and Nostro accounts.
- Experience/working knowledge of rates derivatives products (Interest Rate Swaps, Cross Currency Swaps, Forward Rate Agreements) and related processing procedures.
- Familiarity with trading and risk management systems such as Murex, Infinity, or similar platforms.
- Knowledge of sub-ledger accounting systems and month-end close processes.
- Other technical skills such as Python, VBA, SQL, or other automation tools.
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 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.