What is the opportunity?
The Derivative Valuation yst is responsible for the timely and accurate ysis, valuation, validation and reconciliation of Listed, OTC (Over The Coun ilateral and OTC Cleared Derivatives, as well as of alternative investment products, impacting key lines of business including fund services, pension reporting, insurance reporting, custody reporting and all value added services.
Please note, this position is based out of our Meadowale office in Mississauga. As well, please note that this position will cover a late and/or rotating shift schedule.
What will you do?
:Performs the daily
:reconciliation against third party statements
:tasks for listed Derivatives pricing and yzing price movements
:OTC/alternative instruments valuation and measure impact of the daily changes in market data inputs to value of the instrument
:Other routine tasks such as positionreconciliation and setup of Listed Derivatives in Valuation systems and OTC Derivatives
:Acts as the main liaison with Investment Managers and the internal Trades processing team on new deals and supports the communication of deal price variances that exceed tolerances to the Investment Managers and obtain confirmation
:Participates in the execution around key project deliverables and identifies opportunities to stream line processes and increase productivity
:Ensures compliance with all policies, procedures and standards for all aspects of the business as defined through Risk, Compliance, Operational reviews and audits
:Covers early/late shifts to support the business within global operating model
What do you need to succeed?
:Undergraduate Degree in Accounting, Math, Finance or Engineering
:2+ years of solid experience with Derivatives in a middle or back office environment
:Experience with OTC Derivatives valuation systems and Workflows
:Strong understanding of Reuters, Bloomberg and other financial data providers
:Advanced proficiency in MS Excel
:Enrolment in CGA/CMA/CFA/CAIA or other recognized accredited program an asset
:Collateral Management Experience
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 for our clients and in our communities, and achieving mutual success. Heres what else:
:Excellent exposure to communicate with various business partners and stakeholders in Investor and Treasury Services and within other platforms as appropriate
:Opportunity to obtain hands:on experience throughout your role
:Working with an exciting, close:knit, supportive and dynamic group
:Opportunity to collaborate with other business segments within the bank
:Excellent career development and progression opportunities
:A comprehensive Total Rewards Program including bonuses and flexible benefits
Royal Bank of Canada is Canadas largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North Americas 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 employ approximately 78,000 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 39 other countries. For more information, rbc.
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RBC is an equal opportunity employer comm