Structured Product Business Support

Job Summary

The candidate of Structured Product Business Support will be responsible for the transaction management of over-the-counter complex derivatives and ensuring proper trade booking of new and pre-existing trades. The incumbent will liaise with Front Office, Market Risk, Valuations, P&L, IT, Operations, and other teams in the firm to resolve breaks and inform them about new/amended trades. They will engage with stakeholders to develop booking templates that define all the key transaction attributes and recommend improved workflow between departments to increase efficiencies and controls. The manager will also monitor the trends in volume, errors, and type of trade activity to ensure that risk systems and processes are fit for scale.

Job Description

Daily Transaction Management/Control Function

• Ensure all transactions are booked properly in the trading systems
• Ensure trades are updated to properly reflect events (expiries, call dates, resets, barriers, etc); as well as properly reflect corporate actions (dividends, stock splits, mergers, etc)
• Ensure all amendments are properly reflected in the trading systems including reflect corporate actions (dividends, stock splits, mergers, etc)
• Ensure all controls reports are updated and enhance control criteria as needed
• Validate that confirmations and/or offering memorandums are defined consistent with the system booking
• Document multi-leg and/or multi-systems bookings and valuation environments for trade structures and ensure they are accurate and complete for P&L and risk purposes.
• Document and/or update procedures for SPBS new processes and/or changes
• Document all 'non-traditional' and / or 'experimental' transactions
• Work with IT to automate transaction workflow and create robust trade booking and trade activity monitoring tools.

Transaction Management Oversight

• Recommend improved workflow and initiate reports or projects between departments and regions to increase efficiencies and controls
• Monitor the trends in volume and type of trade activity to ensure that risk systems and processes are fit for scale
• Work with IT Support and Development team to improve transaction workflow and post trade review

Communication

• Provide clear and concise communication with all support stakeholders to ensure timely and efficient information dissemination on any inquiries, especially given the time-zone differences across regions (AMRS, APAC)
• Raise questions and/or gather information to provide guidelines to other regional support for similar issues

What do you need to succeed?

Must have

• BA / BS or equivalent with emphasis in finance, economics or other quantitative discipline
• 3+ year experience working with over-the-counter structured products (eg. Product Control, Risk Management, Middle Office, Front Office)
• Working knowledge of equity derivatives and structured equity products (eg. Reverse convertibles, auto-callables, barrier options, etc)
• High attention to detail and control-focused
• Ability to work under pressure, accept responsibility and deliver

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

Leaders who support your development through coaching and managing opportunities

Ability to make a difference and lasting impact. Work in an agile, collaborative, progressive, and high-performing team. The opportunity to interface with senior level executives from many different parts of the organization

About RBC Royal Bank of Canada is Canada's largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit rbc.com.

Inclusion and Equal Opportunity Employment RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.

Job Skills
Business Analytics, Business Support, Group Problem Solving, Transaction Management

Additional Job Details

Address:

PERSIARAN IRC 2, IOI RESORT CITY IOI CITY TOWER ONE:PUTRAJAYA

City:

Putrajaya

Country:

Malaysia

Work hours/week:

40

Employment Type:

Full time

Platform:

OFFICE OF THE CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-08-06

Application Deadline:

2024-10-24

I nclusion 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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Job ID R-0000095524