At a Glance
- Tasks: Support the European Commodities OTC business and ensure accurate trade processing.
- Company: Join RBC, a leading global bank with a collaborative culture.
- Benefits: Enjoy competitive pay, flexible benefits, and a world-class training programme.
- Other info: Opportunities for growth and innovation in a fast-paced environment.
- Why this job: Make a real impact in a dynamic team while developing your skills in finance.
- Qualifications: Degree in finance or related field; strong Excel skills and attention to detail.
The predicted salary is between 51750 - 63250 £ per year.
To provide Trade Support to the European Commodities OTC business, with a specialization in Precious and Base Metal products. Commodities product coverage will also include Oil and Gas, Power, Index, Agriculture, Carbon. You will help build out this growing business and partner directly with the front-office traders to ensure the efficient and accurate daily processing of all commodities OTC and Exchange Traded derivatives and physical trades on Openlink systems.
RBC’s expectation is that all employees and contractors will work in the office with some flexibility to work up to 1 day per week remotely, depending on working arrangements.
What will you do?
- Perform trade validation for Commodities derivatives and physical trades booked into the Openlink booking systems.
- Analyze the downstream impact of new deals, amendments, cancellations and actively communicate issues to relevant stakeholders.
- For trade capture errors, monitor results & exceptions, analyze underlying causes and ensure appropriate corrective action is taken to reduce the frequency of occurrence and minimize loss due to error.
- Liaise with Front Office and all cross-functional teams as Commodity Operations’ primary contact for all queries and issues and effectively monitor, track, and escalate any potential risks in a timely manner.
- Work closely with Futures Clearing teams to identify and resolve trade breaks on a daily basis.
- Perform system troubleshooting and develop technology tools (e.g., VBA macro) as required to support day-to-day responsibilities seamlessly.
- Support new product development as part of a growing business, partner with cross-functional teams in testing and sign off.
- Ensure that daily and monthly procedures, as detailed in the group’s procedures and standing orders are strictly observed.
- Proactively identify opportunities to further streamline processes. Recommend cost-efficient and effective controls for Commodity trade processing with the introduction of new processes, products and systems.
- Initiate and implement recommendations for automation.
What do you need to succeed?
Must-have
- Undergraduate degree in finance, business, economics, or related field (or equivalent work experience).
- Strong attention to detail and commitment to accuracy in all tasks.
- Proficiency with Microsoft Excel, including the ability to create formulas, pivot tables, and analyze data.
- Excellent written and verbal communication skills.
- Ability to organize work and manage multiple priorities in a fast-paced environment.
- Willingness to learn and adapt to new systems and processes.
- Professional demeanor and strong customer service orientation.
Nice-to-have
- Prior experience with Openlink.
- Relevant experience or knowledge in Commodities trading.
- Experience with Bloomberg, trading platforms, or other financial systems.
- Proficiency with SQL or other data analysis tools.
What is 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, flexible benefits and competitive compensation.
- Leaders who support your development through coaching and managing opportunities.
- Opportunities to work with the best in the field.
- Ability to make a difference and lasting impact.
- Work in a dynamic, collaborative, progressive, and high-performing team.
- A world-class training program in financial services.
Commodities Trade Support Analyst (London) employer: Royal Bank of Canada
At RBC Wealth Management Europe, we pride ourselves on being an exceptional employer, offering a dynamic and collaborative work environment in London and the South East. Our commitment to employee growth is evident through our comprehensive Total Rewards Program, which includes competitive compensation, bonuses, and flexible benefits, alongside opportunities for professional development and coaching from experienced leaders. Join us to make a meaningful impact while working with a talented team dedicated to delivering tailored financial solutions to our clients.
StudySmarter Expert Advice🤫
We think this is how you could land Commodities Trade Support Analyst (London)
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Royal Bank of Canada. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Commodities Trade Support Analyst (London)
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Royal Bank of Canada.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Royal Bank of Canada's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Royal Bank of Canada
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Royal Bank of Canada.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Royal Bank of Canada will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Royal Bank of Canada employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
