Job Title: Analyst, Standard Settlement Instructions
What is the opportunity?
In this role, you will be part of Canadian Operations that supports pre and post trade deal processing for RBC Capital Markets Foreign Exchange and Money Market trading businesses and its clients. You will be responsible for the accurate set-up, amendment and maintenance of the client’s Standard Settlement Instructions (SSI’s). The functions are to be performed within regulatory guidelines and market best practice principles. A high standard of quality is required at all times in order to reduce associated market / dealing and operational risk.
What will you do?
Ensure Standard Settlement instructions are loaded/verified in a timely and accurate manner for all business lines supported; and, investigate / follow up of all exception reports
Identify trends / errors and suggest enhancements to process/ database to improve overall efficiency
Ensure all daily tasks / controls are completed in line with the departmental PRIMA maps and procedures
Assist the Team Manager / Department Head on projects, process improvements or new business initiatives as requested
Develop product / market knowledge to ensure daily processes are appropriate to reduce operational risks.
Escalate any unusual behaviour as well as any processing issues to the Team Manager or above in a timely manner following the Operations Escalation Policy.
Understand and know how to locate central RBC policies; and, ensure PRIMA maps and procedures are up to date and follow RBC Policies
Investigate any processing issues and recommend a course of action to the Team Manager. Once approved, assist in the execution of the proposed change.
Support colleagues during busy periods by sharing workloads as applicable; and, provide best in class client services to both internal and external clients by ensuring their queries are responded to within agreed timeframes
To adhere to mandatory training requirements in Talentlink and take a proactive approach to suggesting appropriate additional training as required for the role.
What do you need to succeed?
Extensive knowledge of SWIFT Standards and International Settlement Rules
Proven experience of liaising with clients via telephone/email/ face to face visits
In-depth understanding of the Foreign Exchange and Money Market trade lifecycle events and process flows
In-depth understanding of operational risks, impacts and mitigating controls
Basic understanding of the core principles of accounting rules and the downstream impact to the Balance Sheet
Ability to work under pressure against unmovable deadlines
Ability to build strong working relationships with colleagues to leverage knowledge and expertise
Ability to perform analysis of business processes and implement change as appropriate
High degree of PC literacy and experience, including word and excel
In-depth understanding of RBC’s internal Trading, Sub and General ledger platforms
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.
Working with an exciting, close-knit, supportive & dynamic group
Opportunity to collaborate with other business segments within the bank
Excellent career development and progression opportunities
A comprehensive Total Rewards Program including bonuses and flexible benefits
Address: 155 Wellington St W-8th Flr
Work Hours/Week: 37.5
Work Environment: Office
Employment Type: Permanent
Career Level: Experienced Hire/Professional
Pay Type: Salaried
Position Level: CM – Analyst
Required Travel(%): 0-25
People Manager: No
Application Deadline: 06/22/2021
Req ID: 362299