Overview
Manager, Physical Custody and Settlements Jobs in Toronto, Canada at Royal Bank of Canada>
Job Description
What is the opportunity?
This role will be supporting RBC Investor Services (IS) where the incumbent will be responsible for supervising a team of specialized Settlement Custodians to ensure all Platform Clients day-to-day Physical trade matching & settlement obligations is being managed effectively. Primary focus is ensuring accurate safekeeping of Assets and ensuring all requests for Inbound & Outbound positions are vetted against trade tickets and correctly processed, as per Policies/Procedures.
To balancing & processing of Cash entries, especially those connected to daily TDR (Term Deposit Receipts) and the release of associated outbound BESS wire payments. The incumbent is also responsible for the control of asset movements within and outside of PSS via System reports & proprietary Security In Transit (SIT) asset tracker.
What will you do?
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Ensure error free asset management of all designated and supported Physical settlement activities, within Physical Security Services (PSS).
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Provide daily oversight on asset movement ensuring all actions are controlled & timely executed in accordance to Physical settlement Policies & procedures.
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Effective utilization of FTE resources towards maintaining a self-supporting Unit to effectively cover for scheduled and unscheduled staffing requirements & volume swings.
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Performs a daily review of all assigned TLM breaks, with focus on resolution within 3 days and in accordance to CASS requirements
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Will attend weekly TLM Management Meetings
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Ensures daily TDR processing is effectively controlled to ensure zero E&O’s due to not following stringent procedures.
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Reviews all direct reports DOP’s to ensure desk effectiveness, along with updating Unit Policies & Procedures (PPL) on or before their respective due-dates.
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Will have day-to-day contact with Clients, External Industry participants and Internal RBCIS departments to provide &/or resolve trade managing issues/problems.
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Will attend (when required) all on-site Client Due Diligences visits and/or routine conference calls.
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Reviews system reports and Proprietary systems to ensure records are accurate and effective for daily status reporting.
What do you need to succeed?
Must have:
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5+ years of relevant work experience in the financial industry
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Experiencing leading a team
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Solid understanding of Physical Documentation for Transfers and/or De-materialization
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Full leadership understanding of the Registration/Location codes on all processing platforms.
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Full leadership understanding of Policies/Procedures pertaining to Physical Safekeeping.
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Full leadership understanding of CDS, BaNCS, Trust, Milvus pertaining to Physical assets.
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.
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A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
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Leaders who support your development through coaching and managing opportunities
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Ability to make a difference and lasting impact.
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Work in a dynamic, collaborative, progressive, and high-performing team.
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Flexible work/life balance options.
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Opportunities to do challenging work.
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Opportunities to take on progressively greater accountabilities.
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Access to a variety of job opportunities across business.
Job Skills
Business Process Improvements, Change Management, Coaching Others, Commercial Acumen, Detail-Oriented, Operational Risks, Order Processing, Product Services, Quality Management, Risk Management
Additional Job Details
Address:
RBC CENTRE, 155 WELLINGTON ST W:
TORONTO
City:
Toronto
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
WEALTH MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
Final date to receive applications:
Note: Applications will be accepted until 11:59 PM on the day prior to the Final date to receive applications date above
Compensation for this position (including salary and discretionary/variable payments)…
Title: Manager, Physical Custody and Settlements
Company: Royal Bank of Canada>
Location: Toronto, Canada
Category:
