Analyst, Trade and Sales Support
Top Benefits
About the role
Job Description
What is the opportunity?
Your primary focus will be on execution within defined parameters, with some expansion based on developing capabilities and/or experiences, in partnership with more experienced staff.
The overarching goal of this role is to provide operational support to the
Fixed Income Sales team in order to facilitate every aspect of customer
business. Sales Support is responsible for a variety of post trade functions.
This role does not include execution of trades or trade communication with
Clients, but as a Middle Office role, Sales Support is the liaison between the
Front Office, Clients and Back Office. The role reports into Operations.
What will you do?
Responsible for following established guidelines and identifying and resolving problems. Individuals at this level are expected to use some independence of thought but to refer more complex problems to supervisors or other experts. Individuals would be expected to contribute to work flow or process change and redesign, and to form a strong basic understanding of the specific function. May also be accountable for regular reporting or process administration as "owner".
- Proactively assist with the trade flow from post execution to settlement.
- Ensure all executed trades posted by FIC Sales are matched by Trading.
- Confirm all verbal trades with Client on trade date via email or electronically.
- Allocate all executed trades to the appropriate sub accounts per Client allocations on trade date.
- Partner with Client and Back Office to correct any settlement issues (Fails or DKs).
- Regularly work with Client Data (New Accounts) to on-board new sub accounts or to update bad settlement instructions.
- Coordinate with Sales and Client Data (KYC) to on-board new relationships.
- Enter Client information into internal Client Data system (GoldTier).
- Collect required documents from Client in order to initiate trading.
- Always act in a professional manner to ensure superior customer service and to strengthen our commitment to making smooth post trade interactions.
- Assist in Client Data and/or ad-hoc deliverables.
- Check out all verbally executed trades in a 15 minute timeframe
- Perform and follow daily/monthly control functions to reinforce risk mitigation as a top priority.*
- Major controls include but are not limited to blotter reconciliation, end of day report, unconfirmed emails, unallocated report and daily/monthly key performance indicator stat keeping.
What you need to succeed?
- Bachelor’s Degree or equivalent (BBA / BComm / BMath / BSc)
- 2 years experiences in financial markets industry
- Familiarity with electronic vendor platforms: TradeWeb, Market Axess, Omgeo products, FIX, ICI/Impact and Bloomberg
- Understanding of different settlement methods (FED, DTC, Euroclear, Crest, CDS)
- Basic understanding of various fixed income products: Treasuries, Mortgages, Corporates (Investment Grade and High Yield), CLOs and Term Loans
- Knowledge of process flows from post execution to settlement for the above mentioned products
- Critical work behaviors include: Attention to detail, ability to multi-task, understanding and being able to follow direction and controls, established interpersonal skills, and ability to work in a high stress environment while meeting time sensitive deadlines on a daily basis.
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
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.
Analyst, Trade and Sales Support
Top Benefits
About the role
Job Description
What is the opportunity?
Your primary focus will be on execution within defined parameters, with some expansion based on developing capabilities and/or experiences, in partnership with more experienced staff.
The overarching goal of this role is to provide operational support to the
Fixed Income Sales team in order to facilitate every aspect of customer
business. Sales Support is responsible for a variety of post trade functions.
This role does not include execution of trades or trade communication with
Clients, but as a Middle Office role, Sales Support is the liaison between the
Front Office, Clients and Back Office. The role reports into Operations.
What will you do?
Responsible for following established guidelines and identifying and resolving problems. Individuals at this level are expected to use some independence of thought but to refer more complex problems to supervisors or other experts. Individuals would be expected to contribute to work flow or process change and redesign, and to form a strong basic understanding of the specific function. May also be accountable for regular reporting or process administration as "owner".
- Proactively assist with the trade flow from post execution to settlement.
- Ensure all executed trades posted by FIC Sales are matched by Trading.
- Confirm all verbal trades with Client on trade date via email or electronically.
- Allocate all executed trades to the appropriate sub accounts per Client allocations on trade date.
- Partner with Client and Back Office to correct any settlement issues (Fails or DKs).
- Regularly work with Client Data (New Accounts) to on-board new sub accounts or to update bad settlement instructions.
- Coordinate with Sales and Client Data (KYC) to on-board new relationships.
- Enter Client information into internal Client Data system (GoldTier).
- Collect required documents from Client in order to initiate trading.
- Always act in a professional manner to ensure superior customer service and to strengthen our commitment to making smooth post trade interactions.
- Assist in Client Data and/or ad-hoc deliverables.
- Check out all verbally executed trades in a 15 minute timeframe
- Perform and follow daily/monthly control functions to reinforce risk mitigation as a top priority.*
- Major controls include but are not limited to blotter reconciliation, end of day report, unconfirmed emails, unallocated report and daily/monthly key performance indicator stat keeping.
What you need to succeed?
- Bachelor’s Degree or equivalent (BBA / BComm / BMath / BSc)
- 2 years experiences in financial markets industry
- Familiarity with electronic vendor platforms: TradeWeb, Market Axess, Omgeo products, FIX, ICI/Impact and Bloomberg
- Understanding of different settlement methods (FED, DTC, Euroclear, Crest, CDS)
- Basic understanding of various fixed income products: Treasuries, Mortgages, Corporates (Investment Grade and High Yield), CLOs and Term Loans
- Knowledge of process flows from post execution to settlement for the above mentioned products
- Critical work behaviors include: Attention to detail, ability to multi-task, understanding and being able to follow direction and controls, established interpersonal skills, and ability to work in a high stress environment while meeting time sensitive deadlines on a daily basis.
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
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.