Analyst - Hedge Fund Operations

What is the opportunity?

• Primary focus of role is on day-to-day deliverables, developing solutions based upon subject expertise, and occasionally representing the department or function at a broader level. This person can document procedures and process flows independently, perform user testing for process enhancements and is seen as a go-to-person for day questions from other areas
• The analyst will play a key role in i) obtaining independent valuations and returns associated with hedge fund positions in the trading portfolio; ii) perform all aspects of alternative asset operations including subscriptions, redemptions and fee calculations related to hedge fund transactions; iii) provide operational support for Physical Settlements, IPS and Muni-GIC desks as required. Ensure all responsibilities are carried out in accordance with RBC Code of Conduct, RBC Values and Guiding Principles ensuring adherence to RBC Privacy principles.

What will you do?

• Day-to-day focus is on resolution of complex problems or transactions, where expertise is required to interpret against policies, guidelines or processes. Roles at this level would usually have full ownership for one or more processes, reports, procedures or products, and may also be considered analytical or procedural "experts" representing a unit or team on cross-function process or project deliverables
• Communicating with hedge fund managers and administrators in order to independently value hedge fund returns and valuations;
• Verify and obtain sign-off on product related transactions;
• Prepare and confirm fee calculations due to hedge funds and counterparties;
• Maintain statements received from hedge funds;
• Support various front office teams with respect to hedge fund prices and valuations;
• Maintain information related to hedge funds and ensure that the proper parties receive the relevant information;
• Prepare/Review Sophis Daily Activity Report;
• Oversee Technology Initiatives;
• Laisse with both internal and external auditors to facilitate SOX and financial audits;
• Coordinate daily funding needs for AAG structured products business;
• Coordinate and process transactions across multiple systems
• Train and supervise new staff as required
• Assist with ensuring weekly/monthly team objectives are met
• Review and update wire instructions
• Coordinate outgoing wire payments
• Identify and advise on incoming cash transactions
• Support IPS and Muni-GIC businesses as required
• Provide support to Physical Settlements including but not limited to:
  • Physical Receive and Delivers
  • Balance NSCC End of Day Settlement
  • Maintain R&D Overnight Box

What do you need to succeed?

Basic Qualifications

• This role would typically require some functional and industry experience and/or expertise, as they are expected to be subject area experts in one (or more) specific skill sets, business areas or products.
• A bachelor's degree with emphasis in Finance, Accounting, Mathematics or Economics;
• Reasonable understanding of financial markets and products;
• Strong written and oral communication skills;
• Experience with Microsoft Office products including Word, Excel and Access;
• Experience with Sophis
• Keen attention to detail
• Willingness to obtain Series 99

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
• Leaders who support your development through coaching and managing opportunities.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• Opportunities to do challenging work.
• Opportunities to build close relationships with clients.

The expected salary range for this position is $70,000 - $90,000 USD, depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC's high performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At 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.