# OTC Derivatives Controls Analyst

**Company**: Royal Bank of Canada
**Location**: Bedford
**Job type**: full-time
**Category**: Finance
**Industry**: Finance

**Apply**: https://rbc.wd3.myworkdayjobs.com/en-US/RBCGLOBAL1/job/90-WESTERN-PKYBEDFORD/OTC-Derivatives-Controls-Analyst_R-0000192451-2?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply
**Canonical**: https://yubhub.co/job/otc-derivatives-controls-analyst-f70b0403-9e8/

## Description

The OTC Derivatives Controls Analyst will be responsible for assisting in investigating OTC uncleared derivative trades valuation difference and resolving margin disputes.

Responsibilities:

- 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

Requirements:

- 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

Benefits:

- 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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## Skills

### Required
- OTC derivatives
- reconciliation
- MS Excel
- ISDA-CSA protocols
- regulatory guidelines

### Nice to have
- AI agents
- Excel macros
- VBA
- Python
- SQL
- management information reporting
- collateral systems
- ISDA CSA documents

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Source: [Apply at rbc.wd3.myworkdayjobs.com](https://rbc.wd3.myworkdayjobs.com/en-US/RBCGLOBAL1/job/90-WESTERN-PKYBEDFORD/OTC-Derivatives-Controls-Analyst_R-0000192451-2?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)