Analyst, Futures Clearing

RBC; Toronto; On-site; CAD 90,000 - 120,000; Full time

Benefits offered by this job

Total Rewards Program

Flexible benefits

Job summary

RBC Capital Markets is seeking a Futures Clearing Analyst in Toronto to join our Global Futures Operations team. You will manage day-to-day trade allocation, monitor North American and European futures markets, and ensure accurate flow from execution to settlement within ION XTP and middleware systems.

You will collaborate with global teams, front office partners, and clients to resolve allocation issues, optimize STP rates, and participate in system upgrades and strategic initiatives across

Qualifications

• Advanced Excel skills including formulas, PivotTables, data manipulation and analysis.
• 1+ years of experience in futures operations, clearing, or related financial services operations.
• Outstanding written and verbal communication skills.

Responsibilities

• Complete and accurate allocation of top-day trades across monitored markets with minimal discrepancies.
• Investigate and resolve trade breaks, allocation mismatches, and system exceptions.
• Maintain allocation automation rules and coordinate with technology teams on enhancements.
• Document allocation processes, exception handling procedures and system workflows.
• Support clearing team projects including exchange onboarding, system upgrades, and regulatory implementations.

Skills

Advanced Excel

Futures operations

Communication

Attention to detail

Tools

ION XTP

ION SEALS

EA Trade

TDN

Job description

Job Description

RBC Capital Markets seeks a Futures Clearing Analyst to join our Global Futures Operations team. This role serves as a critical operational partner within our clearing function, ensuring accurate trade allocation, monitoring multiple global markets, and maintaining the automated workflows that support our institutional client base. The position demands precision, technical proficiency, and collaborative problem-solving across North American and European futures markets.

RBC Capital Markets operates as an institutional client relationship manager providing global market access in futures and cleared products. Our competitive differentiation resides in exceptional client service and cross-functional teamwork. We serve institutional funds, house proprietary trading desks, and wealth management clients across multiple jurisdictions including Canada, the United States, the United Kingdom, and Asia. Our clearing operations connect clients to exchanges and central counterparties worldwide, maintaining memberships with CME, ICE, Eurex, CDCC, Montreal Exchange, and numerous other venues through direct and intermediate relationships.

What Will You Do?

The Futures Clearing Analyst manages day-to-day trade allocation processes and investigates discrepancies that arise between execution, allocation, and clearing systems. You will monitor futures markets across North America and Europe, including FEC+, Montreal Exchange/CDCC, ICE FEC, CDS and ECS platforms. Your work ensures that client trades flow accurately from execution through to settlement, maintaining the integrity of our books and records in ION XTP and related middleware systems.

You will coordinate with global operations teams, front office sales and trading partners, and external clients to resolve allocation issues, optimize straight-through processing rates, and support clearing workflow enhancements. The role requires active participation in industry-related projects, system upgrades, and new business initiatives that expand our clearing capabilities or improve operational efficiency.

This position demands continuous collaboration across time zones, requiring clear communication with colleagues in Toronto, Halifax, the United States, the United Kingdom, and Malaysia. You will work closely with Client Services, Treasury, Reconciliations, and Futures Execution Management teams to maintain operational excellence across the trade lifecycle.

• Complete and accurate allocation of all top-day trades across monitored markets with minimal discrepancies
• Timely investigation and resolution of trade breaks, allocation mismatches, and system exceptions
• Maintenance of allocation automation rules and coordination with technology teams on enhancements
• Documentation of allocation processes, exception handling procedures, and system workflows
• Contribution to clearing team projects including exchange onboarding, system upgrades, and regulatory implementations
• Support for monthly balance sheet attestations and regulatory compliance activities within the clearing function
• Perform UAT for Vendor or exchange software or hardware upgrades, development, or technical process changes in coordination with the IT Team.
• Process position transfers, deliveries, margin calls with clearing house and brokers.
• Process option expiries – exercise and assignments, process GL entries to balance internal accounts.

What Do You Need to Succeed?

Must-have

• You bring advanced Excel skills, including proficiency with formulas, pivot tables, data manipulation, and analysis.
• Candidates with one or more years of experience in futures operations, clearing, or related financial services operations bring immediate value.
• Outstanding communication skills, both written and verbal.
• Strong attention to detail and accuracy, recognizing that allocation errors can create client impact, regulatory exposure, and settlement risk.

Nice-to-have

• Experience with ION XTP, ION SEALS, EA Trade, TDN, or similar middleware platforms is advantageous but not required.
• Completion of Canadian Securities Course, or Series 3 is an asset but not required.

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

Job Skills

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

Additional Job Details

Address:

RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-09-15

Application Deadline:

2026-10-01

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.