Description
The Analyst is primarily responsible for ensuring accurate position and money balancer for the Futures & Cleared Derivatives. Maintain accurate position and trade reporting per regulatory rules & regulations. Help coordinate customer position notification and delivery status. Coordinate with internal & external stakeholders to ensure smooth client experience.
Responsibilities:
- Balance RBCCM's futures and options positions, money to member exchanges and to Correspondent Brokers (Carry Broker)
- Balance RBCCM's IRS positions & money to member exchanges
- Provide exchange & Correspondent Broker option exercise/assignment coverage and notifications
- Monitor & adjust firms positions at exchange for balancing purposes, including exchange & CFCT large trader
- Handle T+1 trade queries
- Work closely with Global Operations teams, FO Sales and Trading partners and external clients
- Actively contribute to Industry-related projects, system upgrades and new business initiatives
Control:
- Ensure that the department adheres to the relevant standing orders and operational procedures including escalation.
- Work to prevent, detect, and eliminate the potential for risk and liability to the Firm.
- Ensure all Regulatory reporting obligations are met by the required deadlines for the businesses that your role is supporting.
- Ensure that business knowledge and understanding of the regulatory requirement for reporting are kept current and relevant and any issues are escalated internally to management, compliance and regulatory Working Group and Steering Committees as relevant.
People:
- Remain enthusiastic during times of change and communicate support for Management Decisions.
- Ensuring a full collaborative working relationship with all global stakeholders, including technology, Operations and the Front Office.
Requirements:
- Diploma/Bachelor's degree in Business, Finance or related discipline preferred.
- A basic knowledge of one or more disciplines: Clearing, Reconciliations, Control, Regulatory Reporting, and Operational Risk Management
- A basic knowledge of RBC and vendor back and middle office and systems
- Detail-oriented.
- Futures and Options background.
Nice-to-have:
- An understanding of the workings of financial markets, associated operational flows and risks gained from a recognised market participant
- Past or current knowledge of one or more disciplines: Clearing, Reconciliations, Control, Regulatory Reporting, Client On-Boarding, KYC
- Recognised Industry qualifications: CISI, Eurex Clearing Qualified Clearing Staff (QBO).
Benefits:
- 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.