Trade Support Analyst

rbc; Toronto; On-site; CAD 65,000 - 90,000; Full time

Benefits offered by this job

Total rewards program

Flexible work options

Professional development coaching

Job summary

RBC in Toronto is seeking a Trade Support Reconciliation Analyst to support the Toronto and New York rates derivatives trading desks. The role focuses on daily reconciliation of cash and positions between Murex and the sub-ledger, ensuring accurate settlement and position reporting.

You will investigate breaks, verify GL entries, monitor reports, and liaise with Front Office, Product Control, IT and Accounting to resolve issues.

Qualifications

• Strong Excel skills including advanced formulas, pivot tables, VLOOKUP/XLOOKUP.
• 2+ years reconciliation experience in a financial services environment.
• High degree of accuracy and strong analytical/problem-solving abilities.
• Ability to work under pressure in a fast-paced environment with minimal supervision.
• Strong organizational and interpersonal skills with excellent communication.
• Team player who can collaborate across multiple functions and geographies.

Responsibilities

• Perform daily reconciliation of cash and positions between Murex and sub-ledger systems with high accuracy.
• Investigate and resolve reconciliation breaks and discrepancies promptly with documentation and escalation.
• Review and verify General Ledger entries and Nostro balances.
• Monitor reconciliation reports to identify issues and implement corrective action.
• Ensure reconciliations are completed within deadlines with proper sign-offs.
• Liaise with Front Office, Product Control, IT, and Accounting to resolve issues efficiently.
• Proactively monitor accuracy of daily reconciliation reports.
• Provide operational support to Toronto and New York rates derivatives trading desks; assist with trade validation and post-trade amendments.

Skills

Advanced Excel

Attention to detail

Analytical thinking

Communication

Team collaboration

Tools

Murex

Infinity

Job description

Job Description

What is the opportunity?

The Fixed Income Derivative Operations group under RBC Capital Markets is looking to hire a Trade Support Reconciliation Analyst - to support the Toronto and New York rates derivatives trading desks.

The incumbent's primary responsibility is to perform daily reconciliation of cash and positions between our main trading system (Murex) and our sub-ledger system, while providing operational support to the rates derivatives trading desks to ensure accurate settlement and position reporting.

What will you do?

Daily Reconciliation:

• Perform daily reconciliation of cash and positions between Murex and sub-ledger systems with a high degree of accuracy.
• Investigate and resolve reconciliation breaks and discrepancies in a timely manner, ensuring all issues are documented and escalated appropriately.
• Review and verify General Ledger entries and Nostro account balances to ensure all transactions are properly recorded.
• Monitor reconciliation reports to identify issues, breaks, and control deficiencies, and promptly implement corrective action.
• Ensure all reconciliations are completed within prescribed deadlines with appropriate documentation and sign-offs.
• Liaise with Front Office, Product Control, IT, and Accounting teams to resolve breaks and discrepancies efficiently.
• Take a proactive approach to monitoring the accuracy of the daily reconciliation reports.

Toronto and New York Rates Derivatives Trading Desk Support:

• Provide operational support to Toronto and New York rates derivatives trading desks, ensuring smooth flow of daily activities.
• Assist with trade validation and verification of interest rate derivatives booked in Murex.
• Monitor shared group inboxes and respond to trader inquiries within time-constrained deadlines.
• Process post-trade amendments related to the lifecycle of trades (e.g., unwinds, novations, restructurings).

Process Improvement and Documentation:

• Actively identify opportunities for process improvement, automation, and enhanced efficiency in reconciliation workflows.
• Assist in ensuring that process manuals and documentation are kept up to date.
• Participate in cross-training initiatives and provide support to other desks as required.
• Assist in scheduled internal and external audits.

What do you need to succeed?

Must-have

• Strong Excel skills including advanced formulas, pivot tables, VLOOKUP/XLOOKUP, etc.
• 2+ years of relevant reconciliation experience in a financial services environment, preferably within capital markets or trading operations.
• High degree of accuracy and attention to detail with strong analytical and problem-solving abilities.
• Ability to work effectively and reliably under pressure in a fast-paced environment with minimal supervision.
• Strong organizational and interpersonal skills with excellent verbal and written communication abilities.
• Team player who can collaborate effectively across multiple functions and geographies.

Nice-to-have

• Understanding of accounting principles and experience reconciling General Ledger accounts and Nostro accounts.
• Experience/working knowledge of rates derivatives products (Interest Rate Swaps, Cross Currency Swaps, Forward Rate Agreements) and related processing procedures.
• Familiarity with trading and risk management systems such as Murex, Infinity, or similar platforms.
• Knowledge of sub-ledger accounting systems and month-end close processes.
• Other technical skills such as Python, VBA, SQL, or other automation tools.

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:
• 2026-10-20
• Application Deadline:
• 2026-11-04 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 grow