2027 Wealth Management, Winter Business Analyst (4-16 months)

RBC•Vancouver, BC

1d•Onsite

About The Position

RBC Wealth Management is seeking winter co-ops for several Business Analyst roles, including but not limited to Risk Management, Strategy and Product, Trade Operations, and Operations Analyst. Success in this role requires a highly organized, detail-oriented, excellent communicator who can effectively collaborate cross-teams, is solutions-oriented, and thrives in a dynamic and changing environment. The ideal candidates will demonstrate initiative, excellent time management skills, and a proactive approach to problem-solving. This is a co-op position for 4-16 months.

Requirements

Excellent analytical and critical thinking skills, with high attention to detail.
Strong competencies in relationship management, collaboration, and time management.
Excellent written and oral communication skills.
Ability to think “big picture” while balancing smaller details.
Interest in operational risk management and regulatory compliance within the financial services industry.
Ability to adapt to dynamic situations and can impact and influence outcomes.
Must be returning to school after the work term end-date; or if graduating immediately after the work term, the full work term must be a mandatory component to graduate successfully.

Nice To Haves

Experience leading small projects or small/medium enhancements.
Has successfully managed multiple small projects or initiatives simultaneously.
Some experience working on projects with information technology components.
Ability to collaborate with multiple stakeholders.

Responsibilities

Developing documents for IT applications, system specifications and test plans, according to existing standards and methodologies.
Translating business needs, processes and procedures into a workable approach, articulating on specific needs or requirements by helping develop materials to drive alignment with various stakeholders.
Contributing to business development, operational & process efficiency, policy reviews, creating and providing analytical insights, and assisting with change management and internal controls.
Working closely with internal departments such as Portfolio Management, Compliance, and IT, as well as external parties such as brokers, custodians, and clearing agents.
Using in-house applications to process trades and monitor settlement workflows. Leveraging tools such as Eagle, Charles River, Bloomberg, and Excel for data analysis and reporting.
Working closely with business architects and other technology staff to deliver project results while implementing risk analysis and meeting required deliverables.
Supporting targeted ad hoc reviews through planning, execution, reporting, and analysis of high-risk issues, focusing on risks and root causes.
Assisting with the design and execution of regulatory programs, which include risk and control identification/assessment, change management, and operational risk reviews.
Working closely with teams to ensure materials are prepared and up to date for project updates, team presentations, etc.
Helping benchmark ideas against various competitors in the market, understanding trends that are driving consumer preferences.
Performing in-depth data analysis, examination, and reconciliation to flag discrepancies, start upstream inquiries, and prepare respective summaries.
Completing due diligence on existing and prospect clients to fully understand a client’s source of wealth, and identifying red flags to determine if a client is within or outside of our risk appetite.
Assisting in the management of projects and initiatives for multiple stakeholders.
Assisting in the automation of KRI data collection by collaborating with data owners to streamline the process.