To ensure all CFG (repo) trades from GLOSS are sent to the relevant custodian, matched and settled within normal market conventions.
Research and resolution of un-matched or failed transactions
To review all assigned alleged trades and refer to the business when necessary
To ensure good communication with Euroclear funding on any fails or same day trades
To ensure all CFG clients and counterparties are fully collateralised and marked to market across all entities in accordance with the GMRA/GMSLA or other relevant legal agreement
To ensure all Equity Finance client fees are calculated and settled in a timely fashion
Daily monitoring of collateral allocations ensuring that any rejected collateral is reviewed accordingly
Monitor the daily stale price report and resolve any issues
Monitor the rejected tri-party collateral due to static data and update systems accordingly
Management of cash balances and daily processing of respective funding within the team and Euroclear Funding
Ensure reconciliations of positions and cash are performed on a daily basis and passed for sign off
To collaborate with the Corporate Action desks to ensure all stocks with upcoming Corporate Actions events (eg. Dividends/maturity/conversations) are substituted or acted on promptly
To ensure all daily tasks/controls are completed in line with the departmental PRIMA maps and procedures
To assist the Team Manager/Department Head on projects, process improvements or new business initiatives as requested
To escalate any unusual behaviour as well as any processing issues to the Team Manager or abouve in a timely manner following the Operations Escalation Policy
To understand and know how to locate central RBC policies
To ensure PRIMA maps and procedures are up to date and follow RBC policies
To investigate any processing issues and recommend a course of action to the Team Manager. Once approved, assist in the execution of the proposed change.
What do you need to succeed?
Understanding of Equities/Fixed Income, with experience in Securities Finance/Repo Collateral Management (Bilateral and Triparty)
Good PC skills. Ideally knowledge of Euroclear, Bloomberg, APEX, GLOSS and Tri-party agents
Previous experience of developing STP solutions
A good understanding of cash & position reconciliations
Knowledge of Corporate Actions and the potential impacts if not handled correctly
Effective communicator, both written and verbal
High degree of accuracy and attention to detail
Calm, logical approach to all situations
Able to work under pressure against unmovable deadlines
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.
About RBC Royal Bank of Canada is Canada's largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit rbc.com .
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Inclusion and Equal Opportunity Employment RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.
JOB SUMMARY City: City of London Address: Riverbank House Work Hours/Week: 35 Work Environment: Office Employment Type: Permanent Career Level: Experienced Hire/Professional Pay Type: Salaried Required Travel (%): 0-25 Exempt/Non-Exempt: N/A People Manager: No Application Deadline: 05/12/2017 Req ID: 135127 Posting Notes: None