Overview
Senior Analyst – Municipal Trade Support Jobs in Bedford, Canada at 0000050007 Royal Bank of Canada
Job Description
What is the opportunity?
Primary focus of role is on day-to-day deliverables, developing solutions based upon subject expertise, and occasionally representing the department or function at a broader level. This person is able to document procedures and process flows independently, perform user testing for process enhancements and is seen as a go-to-person for day questions from other areas.
This position supports RBC’s growth and sustainability by providing Trade Support to RBCCM and RBCWM Municipal trading desks, acting as a liaison between RBCCM / WM trading desks and other trading/sales/operations personnel within RBC and outside dealer firms to ensure timely, accurate execution of daily transactions and the resolution of trade related problems along with position reconciliation between trading systems and will act as the main contact for Trade Clearance & Settlement for dealer comparison and settlement problem resolution.
What will you do?
This individual is responsible for day-to-day trade support activities for our US Municipal Markets Business. Minimize operational gaps/risks between Revenue Generators and Support teams by connecting-up the organization to support Primary and Secondary Sales and Trading activities.
Ensure positions are in sync and resolve any position breaks. Resolve Fails and Unmatched trades in a timely fashion.
Monitor and control Settlements that are driven by the effective collaboration of Revenue Generating and Support teams.
Reconcile all trade differences and DKs quickly to ensure all bookings/process is clean and efficient.
Monitor daily MSRB trade reporting to identify and solve reporting issues.
Ensure all queries/issues are addressed in a timely fashion. Escalate issues when necessary. Minimize reputational risk to the firm.
Suggest enhancements to and/or create reports/procedures to fill any gaps in control.
Ensure all amendments are accurate and evidenced with Trader approval (when necessary).
Serve as a resource person for municipal and firm personnel in resolving questions or problems as pertains to municipal operations and trading systems.
Utilize platforms such as Bloomberg TOMs, Tradeweb, BPS, Ipreo, and ICI Impact.
Assist compliance personnel with various audits, providing documentation and is responsible for answering questions pertaining to operational issues.
Assist technology teams with enhancements to systems.
Continue to meet all regulatory obligations and maintain zero tolerance on late resolution of audit items.
Deliver timely and effective results on all critical business objectives.
Continue to support all control and regulatory initiatives.
Streamline operational processes to reduce cost and increase speed
What you need to succeed?
Strong knowledge of FI products, settlements and surrounding processes
Obtain Securities Industry Essentials (SIE) exam & Series 99 license within 2 month period
Knowledge of trading regulatory policies and procedures i.e. TRACE, MSRB
Proficient with trading systems (Bloomberg and MS Office
Excellent problem solving and resolution skills
Team player with strong communications skills
Work with time deadlines requiring ability to prioritize
Strong leadership skills with ability to delegate tasks appropriately
Ability to handle multiple priorities accurately in an area with strict time deadlines as it is often a fast paced, high pressured environment.
Ability to work effectively with a variety of personalities.
Must be able to communicate clearly and succinctly in person and via email or phone and able to delegate effectively.
Must have ability to quickly analyze complex problem situations and provide solutions without direction.
​Must have:
4 year degree or equivalent industry experience
Nice to have:
Securities Industry Essentials (SIE) exam & Series 99 license or Series 7 & 63 licenses.
Experience sitting on/supporting the trading floor.
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
Job Skills
Communication, Critical Thinking, Customer Service, Interpersonal Relationship Management, Operational Delivery, Process Improvements, Time Management
Additional Job Details
Address:
90 WESTERN PKY:
BEDFORD
City:
Bedford
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
CAPITAL MARKETS
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
Final date to receive…
Title: Senior Analyst – Municipal Trade Support
Company: 0000050007 Royal Bank of Canada
Location: Bedford, Canada
Category:
