Senior Analyst - Derivatives Confirmations (1-Year Contract)

0000050007 Royal Bank of Canada; Bedford; On-site; CAD 70,000 - 90,000; Full time

Job summary

A major financial institution in Bedford is seeking a Senior Analyst to manage legal and operational risks associated with derivatives transactions. The ideal candidate will have a Bachelor's degree, strong communication skills, and an interest in the financial industry. This role provides a full-time position with competitive compensation and benefits, offering flexibility in work-life balance.

Benefits

Comprehensive Total Rewards Program

Flexibility in work-life balance

Opportunities for development and coaching

Qualifications

• Bachelor’s Degree is a must-have qualification.
• Grounded or interested in the financial industry.
• Desire to understand the complexity of Derivatives transactions.
• Strong communication skills and attention to detail.

Responsibilities

• Draft and review ISDA confirmations for derivatives transactions.
• Negotiate terms of confirmation directly with counterparties.
• Manage daily follow-ups on outstanding confirmations.
• Assist Manager with projects and process improvements.

Skills

Attention to detail

Strong writing and communication skills

Ability to quickly learn

Interest in financial industry

Education

Bachelor’s Degree

Tools

Microsoft Suite

Murex

Infinity

Sophis

ActiFlow

MarkitWire

Job description

Job Description

Please note that this is a 1 year fixed term contract position.

What is the opportunity?

As a Senior Analyst, your role will mitigate legal, operational, economic risk, and reputational risk associated with derivatives transactions. You will also provide quality service to our internal business partners and external clients and represent the Bank in a professional manner at all times.

What will you do?

• Draft and review ISDA confirmations covering plain vanilla and structured OTC derivative transactions initially covering the equity asset classes and thereafter supporting other asset classes, as necessary, and directly negotiate terms of the confirmation with counterparties
• Escalate any unusual behavior as well as any processing issues to the Team Manager in a timely manner following the BCS Escalation Policy
• Assist the Team Manager / Department Head on projects, process improvements or new business initiatives as requested
• Ensure that all documentation complies with jurisdictional regulations, ISDA and current market practice, or where there are variations, that they are acknowledged and understood by the appropriate individuals and teams
• Daily chase and follow up on all outstanding (unsigned) confirmations
• Eliminate lengthy delays in confirmation execution and escalate inevitable delays promptly and appropriately
• Be an information conduit between London, Toronto & New York Derivative Confirmations teams
• Take on ad hoc projects related to cost reduction and efficiency enhancement goals
• Participate in regular team meetings which include knowledge sharing on specific derivative products
• Regulatory initiatives – assist Regional Management to pre-emptively adapt to evolving regulatory requirements, stay abreast of the latest developments (e.g. DFA, Clearing) and their implications to make recommendations
• Track and govern self-identified gaps and audit comments
• Continue to develop product / market knowledge to ensure daily processes effectively mitigate operational risks
• Support colleagues during busy periods by sharing workload as applicable, including cross-training on other desks within the department
• As a more experienced team member, assist colleagues with day-to-day issues

What do you need to succeed?

• Must-have: Bachelor’s Degree
• Background or interest in the financial industry
• Interest in learning about Derivatives Products in general, standard market practices and trading terminology
• Willing to understand the complexity of Derivatives transactions
• Interest in learning the various processes involved in the confirmation lifecycle and confirmation workflow
• Microsoft Suite
• Quick learner who can thrive in a fast-paced environment
• Willingness to learn and contribute to the team
• Strong writing and communication skills along with attention to detail

Nice-to-have

• Familiarity with Murex, Infinity, Sophis, ActiFlow, and MarkitWire
• 2-3 years of experience with ISDA documentation
• A good understanding of ISDA Derivatives Definitions
• An understanding of market / counterparty / credit / operational / regulatory risk
• Ability to prepare a wide range of legal documents for financial transactions

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

Additional Job Details

• Address : 90 WESTERN PKY, BEDFORD
• City : Bedford
• Country : Canada
• Work hours / week : 37.5
• Employment Type : Full time
• Platform : CAPITAL MARKETS
• Job Type : Regular
• Pay Type : Salaried
• Posted Date : 2025-08-05
• Application Deadline : To be determined

Notes: Applications will be accepted until the date specified above. RBC is an equal opportunity employer and is committed to fostering an inclusive workplace with opportunities for all.