What is the opportunity?
The Market Business Service under RBC Capital Markets is looking to hire a Trade Support Analyst to join its Canadian Mortgage Investment group (CMIG) in Capital Market, Market Business Service. Your primary responsibility is to provide operational support to Mortgage and MBS activities, settlements and reconciliations in order to provide high quality operational support
What will you do?
As part of our daily support to the Mortgage trading business, approve assigned service providers’ files uploaded from shared drive into the Mortgage Hub (mHUB) system
As part of NHA program, coordinate the CMHC form handling and loan securitization process to ensure securitization process is completed in a timely manner
Promptly resolve issues related to Mortgage daily settlements.
Investigate and resolve 3-way-reconciliation discrepancies in a timely manner. Reconcile Journal Posting position to system generated Activity Summary report for un-securitized Mortgages positions to Servicers’ report.
Continually cross-train on the mHUB system and Mortgage desk tasks to maintain 3-person-deep coverage.
Review daily and monthly GL (General Ledger) reconciliation results performed by CMRG (Capital Markets Reconciliation Group) to ensure all discrepancies for positions/balances in various processing systems are thoroughly investigated and resolved.
Complete monthly GL accounts attestation within the prescribed deadlines.
As necessary, prepare respective SLIM/eGL accounting entries for all Infinity/Murex book-runners.
Ensure desk procedures, controls and best practices are current and well documented. As required, participate in user acceptance testing for new products and system improvements.
What you need to succeed?
Bachelor’s Degree or equivalent (BBA / BComm / BMath / BSc) with 2 years experiences in financial industry
Knowledge of mortgage securitization process
High degree of accuracy, attention to detail; ability to learn quickly and problem solve.
Work effectively and reliably under pressure with minimal supervision; team player.
Strong organizational, interpersonal and communications skills.
Solid PC (Microsoft Excel, Word) and analytical skills
Experience/working knowledge of Mortgages/MBS & derivatives products and processing procedures
Good working knowledge of various Systems: MHUB, Slim, People Soft, Infinity/Murex, OBI, IRIS etc.
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.
Work in a dynamic, collaborative, progressive, and high-performing team
Opportunities to do challenging work
Opportunities to build close relationships with clients
Access to a variety of job opportunities across business and geographies
Gain invaluable skills that can be transferrable within the operations financial industry
RBC is committed to supporting flexible work arrangements when and where available. Details to be discussed with Hiring Manager.
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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.
Address: 155 Wellington Street West
Work Hours/Week: 37.5
Work Environment: Office
Employment Type: Full Time
Career Level: Experienced Hire/Professional
Application Deadline: 11/19/2021
Platform: Capital Markets
Req ID: 420941