Derivative Operations Analyst

Posted 19 December 2022

Derivative Operations Analyst at RPIA

Operations Full-time Toronto

Experience: Mid-Level
Salary Range: Not Specified

Close date: 29 December 2022

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RPIA is proud to be Great Place to Work Certified™.

We believe in the power of diversity of thought, and we aspire to have an inclusive workplace that mirrors the fabric of our community. We strongly encourage applications regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability status. We are committed to providing an accessible and equitable application and hiring process and will make accommodations should you require it at any point.

Our culture is defined by our five core values: excellence, partnership, transparency, integrity, and community. Our clients often say the outstanding service we deliver is as important to them as the returns we achieve for them. With over 95 employees and $6+ billion under management for a broad investor base of institutions and private clients, we proudly remain privately owned by employees who invest alongside our clients.

Position Description

We are currently seeking a full-time permanent Derivative Operations Analyst to join our Portfolio Operations team

The Derivative Operations team works closely with the Portfolio Management, Risk Management and Accounting teams to deliver operational and transactional support. Reporting directly to the Director, Portfolio Operations, the Derivative Analyst will be required to have strong knowledge of fixed income securities and experience in derivative operations.


  • Support the derivative and collateral management operations at RPIA.
  • Manage the existing and new relationships for ISDA counterparties, futures clearing merchants, swap execution facilities, and other derivative systems.
  • Perform a variety of middle and back-office duties and coordinate with front office traders to ensure completeness and accuracy of derivative systems.
  • Complete daily derivative cash and positions reconciliations, issuing margin calls, affirming OTC derivative transactions, and preparing transaction blotters.
  • Analyze MTM discrepancies, while highlighting material valuation variances to portfolio management team.
  • Lead derivative related projects for product launches, workflow design, and vendor onboards.
  • Monitor all aspects of operations and controls, including processing trade, minimizing operational risk, and responding internal and external inquiries.
  • Maintain an ongoing collaborative working relationship with counterparties and prime brokers.
  • Respond to ad-hoc projects and additional to day-to-day duties as required.

Required Skill / Experience

  • Relevant education and previous experience are required
  • Advanced knowledge of MS Office applications specifically Excel, VBA, and Python scripting
  • Enrollment in CFA is strongly recommended
  • Solid understanding of fixed income securities and derivatives (CDS, IRS, OIS, Futures) as well as investment concepts and strategies.
  • 3-5 years experience in Operations is preferred
  • Previous experience in Derivative Operations is required
  • Have working knowledge of Bloomberg

Critical Competencies

  • Must be analytical, detail-oriented, thorough, and able to use own initiative to solve problems
  • A Self-starter, able to manage their own workload with minimal guidance
  • Strong team player, capable of working alongside colleagues to achieve team goals
  • Must be Capable of managing significant deal volume in a fast-paced environment and coproducts with heavy regulatory oversight
  • Strong organizational skills
  • A confident and clear communicator able to effectively interact with all levels of internal stakeholders and business partners.

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