Senior Analyst, Syndication and Trade Support

Royal Bank of Canada • New York, NY

1d • Onsite

About The Position

Your primary focus will be on day-to-day deliverables, developing solutions based upon subject expertise, and occasionally representing the department or function at a broader level. You will provide Trade Support for the Primary and Secondary Fixed Income Trading Desks and Revenue Generators (Municipal Tender Option Business, Investment Grade, High Yield, Asset Backed, Money Markets, CLOs, and Structured Rates) including the daily reconciliation, support and associated Contract/DTC/Euroclear/FED settlement of Fixed Income and Equity Products. This role involves trade support of Debt Capital Markets and Secondary Corporate Trading desks for Corporate, ABS and CLO securities, Equity, Private Equity, ETF, Distressed, and US Treasuries bonds. You will ensure proper controls are in place to resolve trade breaks in a timely manner, meet all regulatory reporting requirements (TRACE, ACT I OATS, Reg M), Balance positions, monitor GSCC, NSCC, DTC and Euroclear settlements using the Fl and Equity Fail reporting process. The position requires the use of various systems and tools such as Bloomberg TOMs, ICI Impact, Fidessa, SOPHIS, Fenergo, TOB Database, Muni DSS, MS Excel, I-Synd, Cognos. You will also monitor/action reconciliations, request and validate security setups, verify trade details, and monitor Trade Under Repair queues. Preparing and sending internal announcements, handling operational ad-hoc queries, supporting new business initiatives, and minimizing operational gaps/risks are also key aspects of the role. The position requires ensuring all queries/issues are addressed timely, escalating when necessary, and minimizing reputational risk. You will also suggest enhancements to reports/procedures, reconcile trade differences, ensure positions are in sync, resolve fails and unmatched trades, and update daily reports. Monitoring and controlling settlements, liaising with trading desks, monitoring Reorg Conversions and Tenders, and Commercial Paper issues are also part of the role. Ensuring accurate amendments with trader approval and monitoring KRIs are also responsibilities. Finally, assisting technology teams with enhancements and systems testing is required.

Requirements

• 4 year degree or equivalent industry experience
• Strong knowledge of FI products and knowledge of settlement processes
• Knowledge of trading regulatory policies and procedures i.e. TRACE, ACT I OATs
• Proficient with trading systems and personal computers
• Communication
• Critical Thinking
• Customer Service
• Interpersonal Relationship Management
• Operational Delivery
• Process Improvements
• Time Management

Nice To Haves

• Series 7 & 63 licenses

Responsibilities

• Primary focus will be on day-to-day deliverables, developing solutions based upon subject expertise, and occasionally representing the department or function at a broader level.
• Provide Trade Support for the Primary and Secondary Fixed Income Trading Desks and Revenue Generators (Municipal Tender Option Business, Investment Grade, High Yield, Asset Backed, Money Markets, CLOs, and Structured Rates) including the daily reconciliation, support and associated Contract/DTC/Euroclear/FED settlement of Fixed Income and Equity Products.
• Trade support of Debt Capital Markets and Secondary Corporate Trading desks for Corporate, ABS and CLO securities, Equity, Private Equity, ETF, Distressed, and US Treasuries bonds.
• Ensure proper controls are in place to resolve trade breaks in a timely manner, meet all regulatory reporting requirements (TRACE, ACT I OATS, Reg M), Balance positions, monitor GSCC, NSCC, DTC and Euroclear settlements using the Fl and Equity Fail reporting process.
• Use Bloomberg TOMs, ICI Impact, Fidessa, SOPHIS, Fenergo, TOB Database, Muni DSS, MS Excel, I-Synd, Cognos.
• Monitor/ Action Reconciliations (Position, Transaction, Security) in several systems, request CUSIPs, request and validate Bloomberg Description Pages / ICI Impact security and fee Setups are correct, FINRA TRACE setups, verify Trades details in Bloomberg TOMS / ICI are accurate, verify accuracy of updates in front end systems and monitor / action Trade Under Repair queues.
• Prepare and send internal announcements to align downstream teams, ensure updates / changes are communicated to relevant ops teams (i.e. Syn Ops, Sec Master). Ensure smooth settlement on settlement date (working w/ Syn Ops and R&D).
• Handle operational ad-hoc queries from Desk, Product Control, Financial Controls, and Syndicate Operations.
• Support the implementation of new business initiatives while maintaining efficiencies and controls.
• 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 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.
• Reconcile all trade differences and OKs quickly to ensure all bookings/process is clean and efficient.
• Ensure positions are in sync and resolve any position breaks.
• Resolve Fails and Unmatched trades in a timely fashion.
• Ensure FOBO, NSCC, GSCC, Ex-Clearing, and Fail Report is updated daily with accurate commentary.
• Monitor and control Settlements that are driven by the effective collaboration of Revenue Generating and Support teams. Liaise with Trading Desk and Stock Loan/Repo on deliveries where there is a short position. Monitor progress of Reorg Conversions and Tenders on FOBO as well as l 44a/RegS tracking spreadsheet (if applicable).
• Monitor Commercial Paper to remedy issues with IP A/Issuer.
• Ensure all amendments are accurate and evidenced with Trader approval (when necessary) in End of Day spreadsheet for audit transparency.
• Monitor KRis to ensure items do not reach Amber/ Red status. In the event a KRI does reach those statuses, attempt to resolve in a timely fashion.
• Assist technology teams with enhancements and systems testing.

Benefits

• 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
• 401(k) program with company-matching contributions
• health, dental, vision, life and disability insurance
• paid time-off plan

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 101-250 employees