Margin Specialist I
Top Benefits
About the role
**Job Description
What is the opportunity?
The RBC US Wealth Management group is hiring! As an Operations Specialist I with the Margin team, you will manage relationships for assigned Correspondent and Wealth Management firms by acting as a subject matter expert and dedicated resource for the Margin department. Provide timely, detailed, accurate account information, notifications and account calculations as required to Branches/Firms/Advisor Services/Operations personnel. Provide exceptional customer service, analyze, assess and mitigate risk while reviewing account activity. Consistently document comprehensive notes within systems and/or within reports.
If you have exceptional problem solving skills, enjoy challenging work, and are looking for the next step in your career, we want to hear from you!
What will you do?
- Monitor assigned reports and/or accounts each day for inappropriate transactions, requests, and margin issues that may pose risk to RBC Wealth Management, Clearing & Custody firms and/or the client.
- Demonstrate a thorough understanding of margin and options strategies and ability to complete complex mathematical calculations quickly and accurately.
- Review margin agreements and approve, reject or request additional information based upon the review.
- Escalate potential issues and/or concerns to department management immediately.
- Timely and accurately communicate with Branches/Firms/Advisor Services/Operations personnel of relevant action items.
- Evaluate and place accounts on Cash In Advance (CIA) restriction when needed.
- Review and approve cash and security movements out of client accounts.
- Provide exceptional customer service to Branches/Firms/Advisor Services/Operations personnel through the proper use of communication; including but not limited to requests regarding money balances, buying power, procedures, collection of calls, interpretation of rules and other information concerning the status of client accounts.
- Provide daily support and assistance to co-workers as needed.
- Perform other duties as necessary.
What do you need to succeed?
Must-have
- 4-year degree from an accredited university (or equivalent) OR High school diploma (or equivalent) AND 3 years of job-related experience.
- Must be able to anticipate needs and demands of day-to-day workflow in a fast paced, pressured work environment with strict time deadlines.
- Must be able to communicate clearly and succinctly and able to delegate effectively.
- Must have ability to quickly analyze complex problem situations and provide solutions with guidance from Margin Management.
- Must be flexible with priorities throughout the day.
Nice-to-have
- SIE/Series 99/Series 7
- Experience with analyzing and enhancing operational workflows
- Proficient with using Microsoft Visio, Power BI, SQL, etc.
- Experience building PowerPoint presentations intended for Senior Management
- Ability to read regulatory releases and interpret operational impact.
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, commissions, and stock where applicable
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Flexible work/life balance options
- Opportunities to do challenging work
- Opportunities to take on progressively greater accountabilities
- Access to a variety of job opportunities across business
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Margin Specialist I
Top Benefits
About the role
**Job Description
What is the opportunity?
The RBC US Wealth Management group is hiring! As an Operations Specialist I with the Margin team, you will manage relationships for assigned Correspondent and Wealth Management firms by acting as a subject matter expert and dedicated resource for the Margin department. Provide timely, detailed, accurate account information, notifications and account calculations as required to Branches/Firms/Advisor Services/Operations personnel. Provide exceptional customer service, analyze, assess and mitigate risk while reviewing account activity. Consistently document comprehensive notes within systems and/or within reports.
If you have exceptional problem solving skills, enjoy challenging work, and are looking for the next step in your career, we want to hear from you!
What will you do?
- Monitor assigned reports and/or accounts each day for inappropriate transactions, requests, and margin issues that may pose risk to RBC Wealth Management, Clearing & Custody firms and/or the client.
- Demonstrate a thorough understanding of margin and options strategies and ability to complete complex mathematical calculations quickly and accurately.
- Review margin agreements and approve, reject or request additional information based upon the review.
- Escalate potential issues and/or concerns to department management immediately.
- Timely and accurately communicate with Branches/Firms/Advisor Services/Operations personnel of relevant action items.
- Evaluate and place accounts on Cash In Advance (CIA) restriction when needed.
- Review and approve cash and security movements out of client accounts.
- Provide exceptional customer service to Branches/Firms/Advisor Services/Operations personnel through the proper use of communication; including but not limited to requests regarding money balances, buying power, procedures, collection of calls, interpretation of rules and other information concerning the status of client accounts.
- Provide daily support and assistance to co-workers as needed.
- Perform other duties as necessary.
What do you need to succeed?
Must-have
- 4-year degree from an accredited university (or equivalent) OR High school diploma (or equivalent) AND 3 years of job-related experience.
- Must be able to anticipate needs and demands of day-to-day workflow in a fast paced, pressured work environment with strict time deadlines.
- Must be able to communicate clearly and succinctly and able to delegate effectively.
- Must have ability to quickly analyze complex problem situations and provide solutions with guidance from Margin Management.
- Must be flexible with priorities throughout the day.
Nice-to-have
- SIE/Series 99/Series 7
- Experience with analyzing and enhancing operational workflows
- Proficient with using Microsoft Visio, Power BI, SQL, etc.
- Experience building PowerPoint presentations intended for Senior Management
- Ability to read regulatory releases and interpret operational impact.
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, commissions, and stock where applicable
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Flexible work/life balance options
- Opportunities to do challenging work
- Opportunities to take on progressively greater accountabilities
- Access to a variety of job opportunities across business
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.