Derivatives Analyst

RP Investment Advisors LP; Toronto; On-site; CAD 75,000 - 90,000; Full time

Benefits offered by this job

Health benefits

Wellness credits

Professional development programs

Job summary

RP Investment Advisors LP is seeking a dedicated derivative operations professional in Toronto to support middle- and back-office activities for fixed income products. You will reconcile, confirm, and settle derivative trades, manage margin calls, and collaborate with traders and counterparties to ensure accurate systems.

The role requires 3–5 years in investment operations and strong Excel/VBA/Python skills, with CFA enrollment strongly recommended.

Qualifications

• Three to five years of experience in investment operations.
• Previous experience in derivative operations is required.
• Advanced knowledge of Excel, VBA, and Python scripting.
• Solid understanding of fixed income securities and derivatives, including CDS, IRS, OIS, and futures.

Responsibilities

• Support the derivative and collateral management operations.
• Manage relationships with ISDA counterparties, futures clearing merchants, swap execution facilities, and derivative service providers.
• Coordinate with front-office traders to ensure accuracy of derivative systems.
• Complete daily derivative cash and position reconciliations and issue margin calls.
• Affirm OTC derivative transactions and prepare transaction blotters.
• Analyze MTM discrepancies and escalate variances to Portfolio Management.
• Lead derivative-related projects including product launches and vendor onboarding.
• Monitor trade processing controls to minimize operational risk.
• Maintain collaborative relationships with counterparties and prime brokers.
• Support ad hoc projects and collateral/margin processes across derivatives.

Skills

Analytical thinking

Attention to detail

Self-motivation

Collaboration

Performance in fast-paced environment

Organization

Communication

Education

Post-secondary education

Enrollment in CFA Program

Tools

Excel

VBA

Python

Job description

• Support the derivative and collateral management operations at RPIA.
• Manage relationships with ISDA counterparties, futures clearing merchants, swap execution facilities, and derivative service providers.
• Perform middle- and back-office derivative operations and coordinate with front-office traders to ensure accuracy and completeness of derivative systems.
• Complete daily derivative cash and position reconciliations, issue margin calls, affirm OTC derivative transactions, and prepare transaction blotters.
• Analyze MTM discrepancies and elevate material valuation variances to the Portfolio Management team.
• Lead derivative-related projects, including product launches, workflow design, and vendor onboarding.
• Monitor operational processes and controls, including trade processing, minimizing operational risk, and responding to internal and external inquiries.
• Maintain an ongoing collaborative working relationship with counterparties and prime brokers.
• Support ad hoc projects in addition to day-to-day responsibilities, as required.
• Support collateral and margin processes across cleared and bilateral derivatives.
• Analytical Thinking and Attention to Detail - Demonstrates a thorough, detail-oriented approach and uses sound judgment and initiative to solve problems.
• Self-Motivation - A self-starter who can manage workload effectively with minimal guidance.
• Collaboration - A strong team player who works effectively alongside colleagues to achieve shared goals.
• Performance in a Fast-Paced Environment - Capable of managing significant transaction volume and complex products subject to substantial regulatory oversight.
• Organization - Demonstrates strong organizational skills and the ability to manage multiple priorities accurately and efficiently.
• Communication - A confident communicator who interacts effectively with internal stakeholders and external business partners.

Requirements

• Relevant post-secondary education and professional experience are required.
• Advanced knowledge of Microsoft Office applications, specifically Excel, VBA, and Python scripting.
• Enrollment in the CFA Program is strongly recommended.
• Solid understanding of fixed income securities and derivatives, including CDS, IRS, OIS, and futures, as well as investment concepts and strategies.
• Three to five years of experience in investment operations is preferred.
• Previous experience in derivative operations is required.
• Compensation Range: $75,000-90,000 base salary; additional compensation may be available.

RPIA is proud to be Great Place to Work Certified. What sets us apart?

• Exceptional single and family benefits package that includes health, dental, and vision insurance, plus additional Health Care Spending and Wellness credits.
• inConfidence, provided by Medavie Blue Cross via Inkblot, is an Employee and Family Assistance Program that supports mental well-being and extends to all family members in your household.
• Opportunities for professional and personal growth through:
  • Cross-functional Mentorship Program
  • Internally curated Leadership Skills training program

RPIA is an Equal Opportunity Employer

We believe in the power of diversity of thought, and we aspire to have an inclusive workplace that mirrors the fabric of our community. We strongly encourage applications regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability status. We are committed to providing an accessible and equitable application and hiring process and will make accommodations should you require them at any point. We encourage you to connect with us at [e-mail] if you require accommodation during the recruitment process.

Our culture is defined by our six core values: Client-First, Innovation, Excellence, Partnership, Integrity, and Giving Back. Our clients often say the outstanding service we deliver is as important to them as the returns we achieve for them. With over 120 employees and approximately $21 billion in assets under management for a broad investor base of institutions and private clients, we proudly remain privately owned by employees who invest alongside our clients.