Purpose: The incumbent is responsible for ensuring the reasonableness, accuracy, and timeliness booking and direct support of all Fixed Income Derivative transactions entered into Infinity 10.3, in order to facilitate profitable trading and efficient interaction between the trading and the Operations group. For transactions entered into the Infinity system for the product types: Interest Rate Swaps, Cross Currency Swaps, Callable Swaps, Swaptions, Cash trades, Caps & Floors, FRAs, Bond Options, Bond Forward and FX Arbitrages deals. The incumbent needs to ensure that the crucial end-of-day processing is executed in an organized, accurate and efficient manner. Key Result Areas: The specific results expected in each area will be developed and agreed upon by the incumbent and the Manager, Fixed Income Derivatives Operations. Actual performance will be compared to expectations and evaluated in each of the following key areas:   • Ensure that all trades are input correctly by London Traders in Infinity 10.3 and Swapswire systems, and that trades are properly assigned back office flags for confirmation, rate reset, and payment processing if applicable.   • Ensure that all late deals from previous day are verified and booked.   • Ensure the accuracy and authorize all daily rates that are input into the Infinity 10.3 and Infinity 2000 GCP Systems as assigned.   • Ensure that all deals input, amendments, cancellation, assignments and buyouts are authorized by the traders in accordance with the Bank Standing Order.   • Ensure FO input and amend trades into various Capital Markets systems (e.g. Infinity, MarkitWire, Bloomberg(VCON)) on an accurate and timely basis.   • Review Pending trades report for Trader from previous day each morning and e-mail to the Senior Market Risk Management for “Sign Off”.   • Reconcile the internal trades between Infinity Toronto and London systems on daily basis using the “IMATCH” Reconciliation tool. Identify and report discrepancies as assigned.   • Monitor the Assignment Mail Box and inform traders to response upon request before tight deadline. Ensure all assignments are completed with notice to parties involved.   • Daily monitor and review the Violation Reports (Clearing and Mat SEF) process as follows:   • to ensure all trade done with Mandatory US Clients are send to LCH or CME for clearing on Intraday (Mandatory Clearing in MarkitWire and SEF platform) except with exemption.   • Ensure Funds Company deals are captured, re-allocated, and assigned etc., accurately according to clients and traders’ instructions.   • Monitor new trades and novations flowing through Swapswire through out the day and make sure trades are accurately reflected and booked in Infinity. This includes the initiating of assignments/buyouts requested by traders and ensuring they are affirmed by the counterparty in a timely manner.   • Verify all broker confirmations of paper trades that are done off MarkitWire, for accuracy to trade input on Infinity throughout the day and investigate with appropriate individuals for correction as assigned.   • Provide expertise to the traders in the preparation of the deal tickets for complex swap and option deals.   • Run and distribute all end-of-day reports (Daily Trades, Rate Re-set Report, etc.).   • Continue to reinforce Traders’ cut-off time in inputting deals into the Infinity system to ensure the timeliness of end-of-day closing procedures.   • Actively monitor processes and work flows between the trading desks and the Operations Group to ensure smooth flow of tickets/information (including amendments, assignments, allocations, buyouts and cancellations). Identify and recommend changes to improve efficiencies.   • Develop solid understanding of derivative products and operational controls in deal processing, and proactively identify procedures and system enhancements to increase productivity and efficiency.   • Provide proper training to Relief Officer and maintain up to date and accurate procedures for the desk as guidelines for back up.   • Advise FIDO Confirmation Group to set new counterparties on the Toronto Infinity Database for new trade booking.   • Advise FIDO Brokerage Reconciliation Team to setup new Broker Codes in the Toronto Infinity Database for new trade booking.   • Advise London back office regarding fees, premiums, buyouts and upfront exchanges in order that payments can be executed on time.   • Identify problems affecting the processing of the day’s work and communicate to the appropriate person, ensuring problems are effectively resolved.   • Ensure compliance with mandated SOX Controls and Company “Standing Orders” Policy requirements.   • Liaise with traders, the System Technology group and Product Finance’s P&L Analysts to assure appropriate deal valuations.   • Develop solid understanding of derivative products and operational controls in deal processing, and proactively identify procedures and system enhancements to increase productivity and efficiency.   • Provide relief/assistance/training to other positions as required.   • Provide proper training to Relief Officer and maintain up to date and accurate procedures for the desk as guidelines for back up. Key Contacts:   • London, Toronto and New York Traders, Marketers of Fixed Income Derivatives Group   • Fixed Income Derivatives Operations, Product Finance Group and other Operations group.   • Management group within Treasury, Middle Office, Systems and Technology group. Authorities/Impact: Failure to properly complete this function could result in significant cost and risk exposure due to the long-term nature and complexity of the products handled. The incumbent’s success in achieving the Key Results will impact heavily on the efficient and effective operation of and interaction between the Trading and Operations groups. Position Specifications:   • Good working knowledge of Fixed Income Derivatives products and ISDA terminology.   • Solid understanding of procedures and operational controls as they relate to systems and workflow.   • Excellent organizational skills and ability to handle high volume.   • Work effectively and reliably under pressure with little supervision.   • Strong interpersonal and communications skills.   • Good PC and analytical skills and attention to details.   • Good working knowledge of various Systems: Microsoft Word, Excel, Infinity, Swaps Wire/Markit Wire, Blommberg & TradeWed. About Company Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We employ approximately 78,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 39 other countries. For more information, please visit Company website. Join our Talent Community Stay in-the-know about great career opportunities at Company. It’s easy! Join our Talent Community and get the inside scoop on the jobs, career paths, and recruitment events that matter to you. Inclusion and Equal Opportunity Employment Company is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.