Manager, Physical Custody and Settlements

RBC • Toronto, ON

2d • Onsite

About The Position

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.

Requirements

• 5+ years of relevant work experience in the financial industry
• Experiencing leading a team
• Solid understanding of Physical Documentation for Transfers and/or De-materialization
• Full leadership understanding of the Registration/Location codes on all processing platforms.
• Full leadership understanding of Policies/Procedures pertaining to Physical Safekeeping.
• Full leadership understanding of CDS, BaNCS, Trust, Milvus pertaining to Physical assets.

Nice To Haves

• Business Process Improvements
• Change Management
• Coaching Others
• Commercial Acumen
• Detail-Oriented
• Operational Risks
• Order Processing
• Product Services
• Quality Management
• Risk Management

Responsibilities

• Ensure error free asset management of all designated and supported Physical settlement activities, within Physical Security Services (PSS).
• Provide daily oversight on asset movement ensuring all actions are controlled & timely executed in accordance to Physical settlement Policies & procedures.
• Effective utilization of FTE resources towards maintaining a self-supporting Unit to effectively cover for scheduled and unscheduled staffing requirements & volume swings.
• Performs a daily review of all assigned TLM breaks, with focus on resolution within 3 days and in accordance to CASS requirements
• Will attend weekly TLM Management Meetings
• Ensures daily TDR processing is effectively controlled to ensure zero E&O’s due to not following stringent procedures.
• Reviews all direct reports DOP’s to ensure desk effectiveness, along with updating Unit Policies & Procedures (PPL) on or before their respective due-dates.
• Will have day-to-day contact with Clients, External Industry participants and Internal RBCIS departments to provide &/or resolve trade managing issues/problems.
• Will attend (when required) all on-site Client Due Diligences visits and/or routine conference calls.
• Reviews system reports and Proprietary systems to ensure records are accurate and effective for daily status reporting.

Benefits

• bonuses
• flexible benefits
• competitive compensation
• commissions
• stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Opportunities to do challenging work.
• Opportunities to take on progressively greater accountabilities.
• Access to a variety of job opportunities across business.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed