Senior Associate, Trade Support

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?

• 4 year degree or equivalent industry experience
• Minimum 5 years of Operations experience with OTC, listed equities and options and / or other asset classes.
• SIE/Series 99 or higher preferred (Series 7)
• Strong written and oral communication skills
• Strong MS Excel skills (pivots, VLOOKUP's, macros and VBA)
• Proactive behavior to trading desk needs

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 including bonuses and flexible benefits, competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Flexible work/life balance options

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:

• Drives RBC's high performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above