Operations Analyst
RBC Capital
Job Description
What is the opportunity?
Global Operations is the functional core of RBC Capital Markets’ trading activities, ensuring the firm delivers services and execution that meet its reputation for having the stability, performance and strength to move forward. The Operations division is responsible for post-execution trade processing and maintaining controls for the entire trade lifecycle.
This LLC Capital Markets Equity P&S role falls within the Global Markets Transaction Services division, focusing on supporting equity products across North America settling via NSCC contracts and DTCC. In this role, you will be completing a daily reconciliation of equity trades reported by various external counterparties and compare against trades run on our books of record. Both equity and step out trades are submitted and confirmed via Work X, Nasdaq’s primary clearing platform. You will be engaging both internal stakeholders such as trade desks and external counter parties to ensure resolution in a timely manner. Correcting entries to resolve all breaks, and reconciling to ensure we are in balance will be key parts to this desk. Other systems may also need to be utilized such as DTCC due to cross training needs.
What will you do?
Ensure compliance of all department procedures and policies.
Perform the accurate and timely reconciliation of all daily equity trade activity.
Identify, report, monitor and resolve trade exceptions between the counter party and RBC’s book of records in a timely manner. This includes the resolution of equity pair-off breaks and Suspense breaks.
Identify and reconcile discrepancies reported by multiple RBC trade desks and those reported by external counterparties.
Process client requests including but not limited to: trade corrections, trade Input and Bookkeeping Journals.
Monitor the daily P&S Overnight Edit Report on the Broadridge application PostEdge.
Utilize Xceptor and Excel macros for reconciliation functions.
Liaise with front end trade desks, settlements, counterparties and other internal/external stakeholders.
Cross train across desks within the team to broaden knowledge base
What do you need to succeed?
Must Have
University Degree (Bachelor) or equivalent in business/finance.
Strong, effective verbal and written communication skills with the ability to learn remotely when required.
Self-starter, well-organized and able to work independently.
Good interpersonal skills and the ability to work and coordinate effectively within a team environment.
Ability to prioritize work, multi-task responsibilities and take initiative to anticipate delivery.
Time management due to tight deadlines
3+ years in a Capital Markets and/or reconciliation-based role
Strong organizational and time management skills.
Problem Solving /Analytical Thinking.
Diplomacy and tact to deal with staff and all levels of internal and external clients.
Ensure working environment provides motivation and development opportunities.
Promote ongoing cross-training for all positions to ensure availability of primary/secondary back up.
Developing a culture of continuous self-development.
Knowledge of the equity product flow from execution to settlement including exchange traded and broker to broker trades
Nice to Have
Equity back office or trade support experience
Broadridge related functions including but not limited to: Global Framework, Ascendis, MRGN, SINR, NEWB,TSIQ, MSDI.
Ability to perform under pressure and meet time sensitive deadlines, sometimes for extended periods of time.
Work extended hours as required due to work volumes or business operation timelines
Commitment to tasks and attention to detail.
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
RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.
Job Skills
Adaptability, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process Improvements, Time ManagementAdditional 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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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.