Commodities Settlement Analyst (12 month contract)
Commodities Settlement Analyst (12 month contract)
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Job Description
Job Summary
Job Description
***PLEASE NOTE THIS IS A 12 MONTH FIXED TERM CONTRACT POSITION***
Settlements:
On a daily basis verify and ensure accuracy of daily cash payments/receipts via wire transfers G/L accounting entries through accounting systems in a timely manner while ensuring adherence to all relevant Standing Orders
Review settlement reports from trading system (Openlink) to forecast and monitor upcoming settlements process invoices and confirm with counterparties. Investigate and resolve any variances by working with counterparty and other Business & Client Services functional teams (Validations Confirmations) and Trading Desk.
Develop strong understanding of commodities trading products and trade instrument types to develop and maintain relevant accounting rules for the asset class support
Funding:
Review accuracy of data compilation to ensure the overnight/term funding requirements adhere to established funding thresholds.
Regulatory Reporting:
Review and verify completion of monthly quarterly and yearly regulatory filings for the various RBC legal entities
Balance Sheet & P/L Account Analysis:
Reconcile and review data derived for daily P/L and Balance sheet reconciliation for internal stakeholders (trading desks Product Control Financial Control).
Assist Financial and Product control teams in investigating and explaining queries related to cash and p/l as it relates to BCS owned accounts.
Complete reconciliations of Balance Sheet to resolve any issues for Monthly submissions. Analysts are responsible in assisting Senior Analysts in ensuring the completeness accuracy and adequate supporting documentation.
Project Management:
Propose initiatives to improve manual processes and liaise with business analysts and IT to provide requirements test and onboard the process
Participate in teams project initiatives assisting with business requirements user acceptance testing and onboarding to production.
Required Skills:
Advanced analytical and problem-solving - high degree of accuracy and ability to analyze large amounts of data
Strong interpersonal and communication skills
High level of adaptability in a dynamic team environment
Ambitious results-driven achiever
Conceptual / Strategic thinker
Advanced Excel Skills (Pivot Tables and Macros)
Job Skills
Active Learning Adaptability Business Appraisals Critical Thinking Customer Service Decision Making Effectiveness Measurement Operational Delivery Process ImprovementsAdditional Job Details
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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.
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Required Experience:
IC
Employment Type
Full-Time
