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Trade Support Analyst

RBC
RBC
Job Functions:
Software Engineering, IT, Data Science
Employment Types:
Full-time
Locations:
Toronto, ON, Canada
Posted on:
07/27/2022

Come Work with Us!

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

Trade Support Analyst

Job Description

What is the opportunity?

The Fixed Income Derivative Operations group under RBC Capital Markets is looking to hire a Trade Support Analyst. The incumbent is responsible for ensuring the reasonableness, accuracy, and timeliness booking and direct support of all Fixed Income Derivative, MM/FX, Corporate Treasury trading desks in order to facilitate profitable trading and efficient interaction between the trading and the Operations group.  The incumbent will be participating in UAT (User Acceptance Testing) and PIV (Post Implementation Verification) cycles for system enhancements, IT infrastructure changes, reconciliation fixes/enhancements, vendor/industry change requests and new business initiatives.

What will you do?

  • Ensure that all trades are input correctly by Toronto Traders in Infinity and Murex System, and that trades are properly assigned with back office flags for downstream confirmations, rate reset, and payment processing if applicable.
  • Responsible for ensuring that all late deals from previous day are verified and booked.
  • Verify that all new deals, amendments, cancellations, assignments and buyouts are authorized by the traders in accordance with the banks Standing Order policies.
  • Ensure Front Office personnel input and amend trades in a timely and accurate manner in various Capital Markets systems (e.g. Infinity, Murex, MarkitWire, Bloomberg (VCON) and TradeWeb).
  • Actively monitor processes and work flows between the trading desks and the Operations Group to ensure smooth flow of tickets/information (including amendments, assignments, allocations, buyouts and cancellations).  Identify and recommend changes to improve efficiencies.
  • Monitor the Assignment Mail Box and inform traders to respond to request before within time constrained deadlines.  Ensure all assignments are completed with notice to parties involved.
  • Ensure Hedge Fund Company deals are captured, re‐allocated, and assigned etc., accurately according to clients and traders’ instructions.
  • Investigate and resolve discrepancies on Toronto / Toronto and London Internal MTM Reconciliation Report.
  • Daily review the MarkitWire vs Infinity/Murex reconciliation reports for SWAP, OIS, Basis Swaps, Fixed/Fixed Swaps, FRA, Cap/Floor, Swaption, ZCIS.  Also to review the Clearing reconciliation reports (CME, LCH and JPM If discrepancy is identified), it will be investigated and resolved in the timely manner.
  • Optimize and maintain departmental reconciliations e.g. identify issues, requirements, matching rules, custom fields etc. for mitigating risk, adding new products and/or improving processing efficiency in Intellimatch Trade Type Reconciliations and Xceptor.
  • Participate in System enhancement/Change request/new business initiatives UAT, identify/troubleshoot issues/bugs and assist with JIRA logging, business requirement documentation, testing and PIV’s.
  • Establish strong working relationship with FICC IT, Operations Engineering and OPS partners – collaborate across the organization

What do you need to succeed?

Must‐have

• High degree of accuracy, attention to detail, ability to learn quickly and handle high volume.

• Work effectively and reliably under pressure with minimal supervision.

• Strong organizational and interpersonal.

• Excellent PC skills and attention to details.

• Excellent communication skills both verbal and written, including presentation skills.

• Detailed understanding and working knowledge of Capital Markets operational functions, processes and organizational structure.

• Experience with User Acceptance Testing preferably in Infinity and Murex system for Interest Rate Derivatives Trade Lifecycle.

• Relevant industry experience with an emphasis on Interest Rate Derivatives products and market practices

• Naturally analytical with the ability to think outside the box while identifying issues and suggesting solutions.

Nice‐to‐have

• Experience/working knowledge of Fixed Income Derivatives products and ISDA terminology.

• Strong understanding of risk concepts and risk management practices.

• Solid working knowledge of various Systems: Murex, Infinity, Swaps Wire/Markit Wire, Bloomberg & TradeWeb.

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.

• Work in a dynamic, collaborative, progressive, and high‐performing team

• Leaders who support your development through coaching and managing opportunities

• Ability to make a difference and lasting impact

• Opportunities to do challenging work

• Opportunities to build close relationships with

Job Summary

Address:

TORONTO, Ontario, Canada

City:

CAN-ON-TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Capital Markets

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2022-07-21-07:00

Application Deadline:

2022-08-04-07:00

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities. ​​​​​​​ We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at rbc.com/careers.

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