What is the opportunity? 

The BCS Operations group under RBC Capital Markets is looking to hire a Trade Support Manager. The incumbent is responsible for ensuring the reasonableness, accuracy, and timeliness booking and direct support of all Fixed Income Derivative, MM/FX, Corporate Treasury trading desks in order to facilitate profitable trading and efficient interaction between the trading and the Operations group. The incumbent will be participating in UAT (User Acceptance Testing) and PIV (Post Implementation Verification) cycles for system enhancements, IT infrastructure changes, reconciliation fixes/enhancements, vendor/industry change requests and new business initiatives. 

What will you do? 

Provide direct supervision and training to junior analyst and support to FO (Trader/Sales).

To oversee day-to-day responsibilities, new business and project initiatives.

To review and ensure that all trade verification, trade reconciliation and Intraday/EOD/T+1 processes are adhered to in an efficient and complete manner to mitigate the risk of trade errors/operational loss events.

Optimize and maintain departmental reconciliations e.g. identify issues, requirements, matching rules, custom fields etc. for mitigating risk, adding new products and/or improving processing efficiency in Intellimatch Trade Type Reconciliations and Xceptor.

Ensure that all trades are input correctly by Toronto Traders in Infinity & Murex System, and that trades are properly assigned with back office flags for downstream confirmations, rate reset, and payment processing if applicable. 

Responsible for ensuring that all late deals from previous day are verified and booked. 

Ensure Front Office personnel input and amend trades in a timely and accurate manner in various Capital Markets systems (e.g. Infinity, Murex, MarkitWire, Bloomberg(VCON) and TradeWeb). 

Ensure that appropriate procedures and controls are in place to effectively and efficiently process, analyze and report on trading activities. Review processes on an on-going basis to ensure that they continue to be relevant to the current business. Ensure that all procedures are documented in a timely manner.

Continue to develop product knowledge, particularly for structured/exotic transactions, to ensure that Operational (settlement and position) risks are minimized.

Manage the implementation of new Interest Rate Derivative products and systems. Address processing, valuation and risk issues. Work closely with various cross functional groups to coordinate efforts for complete and effective control. Identify accountabilities and process ownership within and outside the Operations team

Participate in System enhancement/Change request/new business initiatives UAT, identify/troubleshoot issues/bugs and assist with JIRA logging, business requirement documentation, testing and PIV’s. 

Establish strong working relationship with FICC IT, Operations Engineering and OPS partners – collaborate across the organization. 

What do you need to succeed? 

Must-have High degree of accuracy, attention to detail, ability to learn quickly and handle high volume. Work effectively and reliably under pressure with minimal supervision. 

Strong organizational and interpersonal. 

Excellent PC skills and attention to details. Excellent communication skills both verbal and written, including presentation skills. 

Detailed understanding and working knowledge of Capital Markets operational functions, processes and organizational structure. 

Experience with User Acceptance Testing preferably in Murex system for Interest Rate Derivatives Trade Lifecycle. 

Relevant industry experience with an emphasis on Interest Rate Derivatives products and market practices. 

Naturally analytical with the ability to think outside the box while identifying issues and suggesting solutions.

Nice-to-have 

Experience/working knowledge of Fixed Income Derivatives products and ISDA terminology. 

Strong understanding of risk concepts and risk management practices. 

Solid working knowledge of various Systems: Murex, Infinity, Swaps Wire/Markit Wire, Blommberg & TradeWed.

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 

Ability to make a difference and lasting impact 

Opportunities to build close relationships with clients 

Access to a variety of job opportunities across business and geographies 

Gain invaluable skills that can be transferrable within the operations financial industry

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.

RBC exige, à titre de condition d’emploi, que tous les candidats retenus aux États-Unis ou au Canada soient entièrement vaccinés contre la COVID-19 avant leur date d’entrée en fonction. Il est possible qu’ils aient à présenter une preuve vaccinale. Des mesures raisonnables d’adaptation sont offertes lorsque la loi l’exige

RBC is committed to supporting flexible work arrangements when and where available. Details to be discussed with Hiring Manager.

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.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

JOB SUMMARY

City:  Toronto 

Address:  155 Wellington Street West 

Work Hours/Week:  37.5 

Work Environment:  Office 

Employment Type:  Full Time  

Career Level:  Experienced Hire/Professional