OTC Derivatives Controls Analyst

Job Description

What is the opportunity?

The OTC Derivatives Controls Analyst will be responsible for assisting in investigating OTC uncleared derivative trades valuation difference and resolving margin disputes. The incumbent will create daily reconciliation reports and be responsible for analyzing, monitoring, reporting and escalation of trade and portfolio level exposure differences in compliance with regulatory guidelines for in scope counterparties including CFTC, SEC, EMIR.

What will you do?

• Produce, analyze and investigate exposure reconciliations for in-scope counterparties according to regulatory guidelines including aging and reasons for differences
• Track and monitor frequency of required reconciliations based on counterparty trade volumes in compliance with industry regulations
• Partner with IT to reduce systemic risk and increase operational efficiencies in the daily process
• Case Management and reporting of exposure differences in TriResolve and using EUC tools
• Escalating disputes/discrepancies as per Standing Orders and department Operating Procedures
• Liaise with internal stakeholders and counterparties to ensure timely resolution of exposure differences in compliance with regulatory requirements
• Assist in producing management reporting for KPI purposes
• Proactively advise margin teams on potential disputes through the day
• Cross-train as required on additional control functions including CSA onboarding

What do you need to succeed?

Must-have

• Experience in a capital market client facing operations or middle office role preferably with OTC derivatives and/or reconciliation
• Good understanding of OTC derivatives and margining workflow under the ISDA-CSA protocols
• College or University Diploma/degree
• Advanced skills in MS Excel
• Attention to details
• Ability to multi-task while adhering to deadlines
• Strong organisational and time management skills

Nice-to-have

• Experience with utilization of AI agents and AI tools in working environment
• Experience with maintaining Excel macros or equivalent scripts
• Experience with programming languages and data query (e.g. VBA, Python, SQL)
• Experience with management information reporting
• Familiarity with pricing and valuations of OTC derivatives and risks associated with collateralisation of these products
• Familiarity with collateral systems e.g. COLLINE, TriResolve, Acadia
• Familiarity with ISDA CSA documents and terminologies
• Understanding of regulatory requirements for OTC derivatives reconciliations across regimes in scope for RBC, and ISDA protocols for OTC derivatives uncleared margin best practices
• Understanding of OTC derivative trading, lifecycle events and settlement
• Understanding of risks and controls framework applied to Capital Markets and the OTC derivative markets

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

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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.