Job Description

Oversight of the Royal Bank of Canada Money Market and Fixed Income Security Settlements team.

PRIMARY RESPONSIBILITIES:

• Efficiently manage the daily settlements of domestic fixed income securities

• Monitor work volumes and ensure staffing requirements to meet SLAs

• Assist employees in setting priorities on issues/tasks to minimize risk and ensure deadlines are met

• Daily review of failed trade reporting, cash and position reconciliations, segregation deficiency reports ensuring follow up on outstanding items

• Assist Associate Director, Securities Settlements Canada on special projects

• Ensure procedures (desk, process) are in place to meet client needs

• Ensure current regulatory policies, procedures and Standing Orders are followed to mitigate risk

• Conduct annual performance reviews with team members

• Interview and select new team members

• Updates CDSX custodian records for non-Money Market Issues

• Sign off on the CDS Arrow Non MMkt (deposit and withdrawal) record to confirm evidence of review of the items being deposited or withdrawn. Record kept in day’s work

AUTHORITIES, IMPACT, RISK:

75% managing daily trade settlement activities and initiatives for

Canadian Fixed Income Operations

25% assisting with special projects, initiatives and development of

Staff

EDUCATION AND/OR EXPERIENCE:

Required:

• Ability to manage people and process

• Strong communication skills

• Strong problem solving skills

• Understanding of all the different processing flows within the department

• Understanding of how the processing flows within the department affect other departments and downstream systems

• Extensive knowledge of Canadian Securities clearance

• Extensive knowledge of internal systems including: Monaco, APEX, OPICS, RIMMS, ARROW, Note Issuance (NIS), ADP /BTS

• Experience managing system conversions and integration

• Experience participating in industry committees and working committees (CDS, BFS )

RBC requires as a condition of employment that all successful candidates in the United States and Canada be fully vaccinated against COVID-19 prior to their start date, and may require proof of the same.  Reasonable accommodation is available where required by law.