What are the responsibilities and job description for the Senior Associate, Trade Support position at Royal Bank of Canada>?
Job Summary
Job Description
What is the opportunity?
You will provide 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
What you need to succeed?
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.
The good-faith expected salary range for the above position is $85,000- $130,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
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 :
Job Skills
Analytical Thinking, Bank Products, Communication, Critical Thinking, Customer Interactions, Customer Service, Interpersonal Relationship Management, Operational Delivery, Process Improvements, Time Management
Additional Job Details
Address :
BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET : NEW YORK
City : New York
Country :
United States of America
Work hours / week : Employment Type :
Full time
Platform : CAPITAL MARKETS
Job Type : Regular
Pay Type : Salaried
Posted Date : 2025-01-14
Application Deadline :
Note : Applications will be accepted until 11 : 59 PM on the day prior to the application deadline date above
I nclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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Salary : $85,000 - $130,000
