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About the Role

The incumbent is responsible for accurately authorizing rates daily into the trading system for rate fixing and settlement purposes, and to confirm rates related to Derivatives transactions supported by FIDO - Interest Rate Swaps, Options and FRA trades, and Structured deals. Develop and maintain a good understanding of 2006 ISDA Definitions, terms and definitions, as they relate to transactions supported by the Fixed Income Derivative Operations Team.

Responsibilities

Perform functions for daily Rate Resets activity, accurately and on a timely basis for rate fixing and settlement purposes.
Verbally or via email confirm trades that are rate set in arrears with counterparties for proper settlement.
Ensure efficient and accurate resolution to discrepancies with counterparties by maintaining a sound understanding of all rate indices, their conventions, their published times and rate sources used by FID.
Reasonably ensure all required rate pages for rate calc input are updated on respective Reuters’ Market data sheets, considering their published time to minimize error in obtaining rates too early.
Ensure that items in the Toronto Workflow "Rate Reset Repair" basket are reviewed and sent to the "Supervisor Rate Reset Review" basket daily for approval.
Assist external counterparties or internal Operations Personnel with rate investigations and/or discrepancies.
Liaise with Marketers, Traders, Documentation Officers' and Analysts to ensure proper trade details are maintained for rate reset purposes as agreed with clients.
Develop appropriate project management procedures and tools for all major activities; assist members of the organization in the use of project management methods and tools.
Determine needs and suggest solutions for administrative improvements in procedures, processes or systems to support other functions.
Identify needs and suggest solutions for customization or alterations of technical tools to support unusual or new business requirements.

Requirements

Minimum 1 year experience within Operations with exposure to Credit and Fixed Rate Derivatives.
Excel/VBA literate
Post-Secondary or equivalent education
Good working knowledge of Fixed Income Derivatives trades and processing procedures.
Ability to manage stress and work accurately in a demanding environment.
Good working knowledge of various Systems: Infinity, Workflow, Murex
Good working knowledge of various PC applications: Microsoft, Word
Good interpersonal/communication skills in dealing with other officers & traders.
Ability to grasp new concepts quickly
Good knowledge of Structured, Credit and Fixed Income Derivative products market standards and best practice including settlements
A sound knowledge of Infinity, Murex, RIMMS. IRIS, Workflow
Adhere to RBC's Standing Orders

Skills

Active Learning
Adaptability
Business Appraisals
Critical Thinking
Customer Service
Decision Making
Effectiveness Measurement
Operational Delivery
Process Improvements

Location

RBC CENTRE, 155 WELLINGTON ST W:TORONTO
Toronto
Canada

Work Type

Full time

Education Level

Post-Secondary or equivalent

Benefits

A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact.
Work in a dynamic, collaborative, progressive, and high-performing team.
Flexible work/life balance options.
Opportunities to do challenging work.
Opportunities to take on progressively greater accountabilities.
Access to a variety of job opportunities across business.

About the Company

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.
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 jobs.rbc.com.

Equal Opportunity

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.