Senior Associate, GE Trade Support
Top Benefits
About the role
Job Description
What is the opportunity?
PURPOSE
- Provides operational trade/sales support and operational client service functions in support for OTC derivatives and listed equities, options, bonds and futures
What will you do?
-
First line of contact for client/counterparty and operational staff for all middle and back office related issues and inquiries.
-
Primary Escalation point for fellow teammates as well as internal and external parties, in addition to the below First Line of contact listed above
-
Lead contributor/participator for Projects and Initiatives within our group/operations and/or function as the conduit for trading and sales
-
Allocate institutional orders to client sub accounts.
-
Process post trade date corrections and cancel / re-bills.
-
Work through the daily fail report and unmatched trades report. Work with client back office personnel to resolve failing trades and unmatched trades.
-
Work with back office to actively monitor settlement exceptions, ensuring timely settlement.
-
Work with Toronto P&S / Contracts, R&D and trading as a liaison for street-side clearing.
-
Act as a contact for Institutional traders regarding billing, settlement discrepancies and trading errors.
-
Manage and reconcile inventory held by the desk. Take the necessary action to help Trading manage their holding within the set boundary
-
Reconcile wash and inventory accounts used for Institutional billing.
-
Coordinate Buy-in and Sell-out processes between traders, operations, and clients.
-
Coordinate with new accounts group to open and maintain Institutional client sub-accounts.
-
Action various reconciliation reports; Imatch and related report Product Control, Sophis support, SPBS, and GEDA.
-
Calculation of OTC notes and options and distribute out both internally and externally
-
Instrument set up (instruction to internal and external)
-
Calculation of “in and out of scope” for 871m issues
-
KEY RELATIONSHIPS
-
Clients, Trading, Sales, External Counterparties , Product Control, GEDA, Sophis Support, Corporate Actions, Regulatory, and all remaining Operations Functional group interactions on a daily basis.
What you need to succeed?
Basic Qualifications (Legislative Requirement)
- Minimum 5 years of Operations experience
- Strong written and oral communication skills
- SIE and Series 99 Required
Suggested Qualifications:
- 5 years Operations experience
- Strong MS Excel skills
- BA/BS
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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
- 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.
- Opportunities to do challenging work.
- Opportunities to build close relationships with clients.
- The expected salary range for this position is $85,000 to $135,000 USD depending on your experience, skills, and registration status, market conditions and business needs. You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
- Drives RBC’s high-performance culture
- Enables collective achievement of our strategic goals
- Generates sustainable shareholder returns and above market shareholder value
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.
Senior Associate, GE Trade Support
Top Benefits
About the role
Job Description
What is the opportunity?
PURPOSE
- Provides operational trade/sales support and operational client service functions in support for OTC derivatives and listed equities, options, bonds and futures
What will you do?
-
First line of contact for client/counterparty and operational staff for all middle and back office related issues and inquiries.
-
Primary Escalation point for fellow teammates as well as internal and external parties, in addition to the below First Line of contact listed above
-
Lead contributor/participator for Projects and Initiatives within our group/operations and/or function as the conduit for trading and sales
-
Allocate institutional orders to client sub accounts.
-
Process post trade date corrections and cancel / re-bills.
-
Work through the daily fail report and unmatched trades report. Work with client back office personnel to resolve failing trades and unmatched trades.
-
Work with back office to actively monitor settlement exceptions, ensuring timely settlement.
-
Work with Toronto P&S / Contracts, R&D and trading as a liaison for street-side clearing.
-
Act as a contact for Institutional traders regarding billing, settlement discrepancies and trading errors.
-
Manage and reconcile inventory held by the desk. Take the necessary action to help Trading manage their holding within the set boundary
-
Reconcile wash and inventory accounts used for Institutional billing.
-
Coordinate Buy-in and Sell-out processes between traders, operations, and clients.
-
Coordinate with new accounts group to open and maintain Institutional client sub-accounts.
-
Action various reconciliation reports; Imatch and related report Product Control, Sophis support, SPBS, and GEDA.
-
Calculation of OTC notes and options and distribute out both internally and externally
-
Instrument set up (instruction to internal and external)
-
Calculation of “in and out of scope” for 871m issues
-
KEY RELATIONSHIPS
-
Clients, Trading, Sales, External Counterparties , Product Control, GEDA, Sophis Support, Corporate Actions, Regulatory, and all remaining Operations Functional group interactions on a daily basis.
What you need to succeed?
Basic Qualifications (Legislative Requirement)
- Minimum 5 years of Operations experience
- Strong written and oral communication skills
- SIE and Series 99 Required
Suggested Qualifications:
- 5 years Operations experience
- Strong MS Excel skills
- BA/BS
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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
- 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.
- Opportunities to do challenging work.
- Opportunities to build close relationships with clients.
- The expected salary range for this position is $85,000 to $135,000 USD depending on your experience, skills, and registration status, market conditions and business needs. You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
- Drives RBC’s high-performance culture
- Enables collective achievement of our strategic goals
- Generates sustainable shareholder returns and above market shareholder value
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.