Team Lead - FX Settlements and Confirmationstions
RBC Capital
Job Description
What is the opportunity?
The role is part of North American Business and Client Services that supports pre and post trade deal processing for the RBC Capital Markets Foreign Exchange trading business and its clients. The role ensures that trades are captured and that the confirmation and settlement functions are performed within regulatory guidelines and market best practice principles. The FX Settlements role is a first line of defense to trading businesses, ensures accurate books and records are maintained whilst providing a seamless client experience.
What will you do?
To ensure all daily tasks / controls are completed in line with the departmental maps and procedures.
To assist the Team Manager / Department Head on projects, process improvements or new business initiatives as requested.
Ensure daily processes are appropriate to reduce operational risks.
To escalate any unusual behavior as well as any processing issues to the Team Manager or above in a timely manner following the Operations Escalation Policy.
To investigate any processing issues and recommend a course of action to the Team Manager. Once approved, assist in the execution of the proposed change
To support colleagues during busy periods by sharing workloads as applicable.
Act as a coach /mentor to junior colleagues with any day-to-day issues.
Perform approval / 4 eye checking responsibility where great care and attention to detail is expected.
To provide best in class client services to both internal and external clients by ensuring their queries are responded to within agreed timeframes
Verifiers must ensure they understand and abide by the Payment Risk Standing Order at all times, ensuring the following: all payments have a justifiable business reason as to why the payment is required to be made.
Ensure all payments /settlement authentication and/or settlement instruction records must adhere to the Segregation of duties requirements.
ROLE SPECIFIC RESPONSIBILITIES:
Settlement - responsible for all settlement of FX and MM trades and to ensure successful submission within required currency cut off times. Ensure all payments have been released and SWIFT acknowledged.
Confirmations – responsible for the submission and matching of FX and MM confirmations and to ensure adherence to internal standing order and regulatory requirements. Ensure all outstanding confirmations are actioned.
Produce and distribute the outstanding confirmation/settlement reports ( Daily).
Prepare or approve monthly attestation and collate SOD packs in accordance with the global RBC attestation policy .
Liaise with front office on second line resolution of Front to Back Office trade and position reconciliations on trade date + 1 business day
Monitor trade processing and settlement queues and ensure all exceptions are resolved prior to end of day close
Perform End of Day Checks.
What you need to succeed?
Post-secondary education or equivalent
2-4 years relevant experience
Proven operational experience in an investment banking environment
Good knowledge of Industry Codes, Best Practices, International Payment and Compensation rules.
Good understanding of FX trade life cycle events and process flows.
Good understanding of operational risks, impacts, assess and implement preventative and mitigating controls.
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
Job Skills
Active Learning, Adaptability, Business Appraisals, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Operational Risks, Process Improvements, SWIFT PaymentsAdditional Job Details
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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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