Analyst - Hedge Fund Operations

1 week ago

New York, United States RBC Capital Markets, LLC Full time

Job Summary

Job Description

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 is able to 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 you need to succeed?

  • 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 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

The good-faith expected salary range for the above position is $70k-$80k depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs.This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

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

Accounting Finance, Financial Instruments, Financial Statement Analysis, Investment Management, Investment Operations, Investor Reporting, Operational Delivery, Performance Management (PM), Resource Coordination

Additional Job Details

Address:

BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK

City:

New York

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-08-22

Application Deadline:

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

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