Job Description What is the opportunity? Provides analysis for implementation and improvement of processes, workflow, project management methods, computer systems and other tools to support insurance policy administration and customer service. Applies complete knowledge, skills, and practices to perform assignments. What will you do? Process payments and accounting entries for USD/Cross Currency interest rate swaps, interest rate swaps, caps, floors, swaptions, FRAs, bond options and cash tickets in an accurate and timely manner. Resolve any problems that may arise from daily operations. Liaise with clients/ Front Office to ensure that settlements are properly executed. Incumbent is responsible for confirming all upfront and end exchanges for Cross Currency trades which are CAD vs USD or CAD vs foreign currency. Confirm and route payments and receipts using IRIS and Murex settlement queues to verification officer’s basket Prepare payments using different payment devices: IRIS/Murex; SWIFT, Debit/Credit advice, etc. Perform independent confirmations with counterparties on any buyouts/upfront/end exchange settlements resulted from existing and new deals booking, such as Cross Currency Swaps (if applicable), options premiums, principal exchanges, and swap upfront fees promptly and accurately prior to making payments & accounting entries. Resolve any problems that may arise from daily operations. Liaise with clients to ensure that settlements are properly executed. Maintain and update list of netting clients for future settlements Daily review of pay/receipt report for 5 days in advance (prior to settlement date), check Murex Reports and receipt wires to Settlement Verification Officer for review, check the same within Murex and process as required. Ensure that nothing remains in Murex and IRIS system except trades with a special exception: waiting for rate reset, structured deals, and trades with outstanding confirmations. Maintain updated settlement instructions in Murex. Upon receipt of advice from counterparty and performing the necessary Call Back as per the standing order, update Murex and ensure that correct settlement instructions are used in making payments. If instructions exist, advise Trade Verification Officer to reassign correct SSIs. Process third party payment authorization requirements (per standing orders) before the release of payments Timely processing of payments for special handling clients. Ensure payments are sent through Murex/IRIS the night before value date; send email to Cash Management advising prompt release is required before 9AM on value date. Also ensure proper formatting on wire, i.e. /PRIORITY/. Investigate and resolve all settlement problems and phone confirmation discrepancies (with counterparties or with the Investigation Department) same day if possible. Advise Associate Director of settlement problems which are not resolved same day. Maintain good understanding of the various mainframe systems such as IRIS, Murex, Ensure compliance with mandated Unit Financial Controls/SOX Controls and RBC Standing Orders Policy requirements. RIMMS, Nostro, SWIFT/FPAY & Infinity and how they interact with the operation of the desk in order to perform the job functions more efficiently and effectively. Update the EUC Change Log for any changes made to the identified EUC spreadsheets (if applicable) in accordance to the EUC Policy guidelines. Look into and work to clear any payment related investigation brought to your attention by the NOSTRO group. Minimize interest claims by providing quick response to payment investigations What do you need to succeed? Must have’s: Minimum 1 year experience within Operations with exposure to Credit and Fixed Rate Derivatives. Excel/VBA literate Post-Secondary or equivalent Nice-to-have’s: Good working knowledge of Fixed Income Derivatives trades and processing procedures. Ability to manage stress and work accurately in a demanding environment. Good working knowledge of various Systems: Infinity, Workflow, Murex Good working knowledge of various PC applications: Microsoft, Word Good interpersonal/communication skills in dealing with other officers & traders. Ability to grasp new concepts quickly Good knowledge of Structured, Credit and Fixed Income Derivative products market standards and best practice including settlements A sound knowledge of Infinity, Murex, RIMMS. IRIS, Workflow Adhere to RBC's Standing Orders 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. Job Skills Active Learning, Adaptability, Business Appraisals, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process Improvements Additional Job Details Address: 90 WESTERN PKY:BEDFORD City: Bedford Country: Canada Work hours/week: 37.5 Employment Type: Full time Platform: CAPITAL MARKETS Job Type: Regular Pay Type: Salaried Posted Date: 2026-06-24 Application Deadline: 2026-07-08 Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above Our Employment Opportunities At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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. Join our Talent Community Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com. 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. 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 84,000+ employees who 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 more than 16 million clients in Canada, the U.S. and 34 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 rbc.com/community-social-impact.