Royal Bank of Canada - New York, NY
posted 2 months ago
The Analyst position in Hedge Fund Operations at RBC Capital Markets focuses on the day-to-day deliverables and developing solutions based on subject expertise. This role requires the analyst to document procedures and process flows independently, perform user testing for process enhancements, and serve as a go-to person for day-to-day questions from other areas. The analyst will play a key role in obtaining independent valuations and returns associated with hedge fund positions in the trading portfolio, as well as performing all aspects of alternative asset operations including subscriptions, redemptions, and fee calculations related to hedge fund transactions. Additionally, the analyst will provide operational support for Physical Settlements, IPS, and Muni-GIC desks as required, ensuring that all responsibilities are carried out in accordance with RBC's Code of Conduct, Values, and Guiding Principles, while adhering to RBC Privacy principles. The day-to-day focus of this role is on resolving complex problems or transactions, where expertise is required to interpret against policies, guidelines, or processes. Analysts at this level typically have full ownership for one or more processes, reports, procedures, or products, and may be considered analytical or procedural experts representing a unit or team on cross-functional process or project deliverables. Responsibilities include communicating with hedge fund managers and administrators to independently value hedge fund returns and valuations, verifying and obtaining sign-off on product-related transactions, preparing and confirming fee calculations due to hedge funds and counterparties, maintaining statements received from hedge funds, and supporting various front office teams with respect to hedge fund prices and valuations. The analyst will also oversee technology initiatives, liaise with both internal and external auditors to facilitate SOX and financial audits, coordinate daily funding needs for AAG structured products business, and process transactions across multiple systems. Training and supervising new staff, assisting with ensuring weekly/monthly team objectives are met, and providing support to Physical Settlements are also key aspects of this role.