Senior Associate GE AMRS Trade Support

Royal Bank of Canada • New York, NY

11d • $85,000 - $125,000 • Onsite

About The Position

Job Description
What is the opportunity?
Provides operational trade/sales support and operational client service functions in support for OTC derivatives and listed equities, options, bonds and futures
What will you do?
First line of contact for client/counterparty and operational staff for all middle and back office related issues and inquiries.
Primary Escalation point for fellow teammates as well as internal and external parties, in addition to the below First Line of contact listed above
Lead contributor/participator for Projects and Initiatives within our group/operations and/or function as the conduit for trading and sales
Allocate institutional orders to client sub accounts.
Process post trade date corrections and cancel / re-bills.
Work through the daily fail report and unmatched trades report. Work with client back office personnel to resolve failing trades and unmatched trades.
Work with back office to actively monitor settlement exceptions, ensuring timely settlement.
Work with Toronto P&S / Contracts, R&D and trading as a liaison for street-side clearing.
Act as a contact for Institutional traders regarding billing, settlement discrepancies and trading errors.
Manage and reconcile inventory held by the desk. Take the necessary action to help Trading manage their holding within the set boundary
Reconcile wash and inventory accounts used for Institutional billing.
Coordinate Buy-in and Sell-out processes between traders, operations, and clients.
Coordinate with new accounts group to open and maintain Institutional client sub-accounts.
Action various reconciliation reports; Imatch and related report Product Control, Sophis support, SPBS, and GEDA.
Calculation of OTC notes and options and distribute out both internally and externally
Instrument set up (instruction to internal and external)
Calculation of “in and out of scope” for 871m issues
What you need to succeed?
Basic Qualifications (Legislative Requirement)
Minimum 5 years of Operations experience
Strong written and oral communication skills
SIE and Series 99 Required
Suggested Qualifications:
5 years Operations experience
Strong MS Excel skills
BA/BS
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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
Leaders who support your development through coaching and managing opportunities.
Ability to make a difference and lasting impact.
Work in a dynamic, collaborative, progressive, and high-performing team.
Opportunities to build close relationships with clients.
The expected salary range for this position is $85,000 to $125,000 USD depending on your experience, skills, and registration status, market conditions and business needs.
You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

Requirements

• Minimum 5 years of Operations experience
• Strong written and oral communication skills
• SIE and Series 99 Required

Nice To Haves

• 5 years Operations experience
• Strong MS Excel skills
• BA/BS

Responsibilities

• First line of contact for client/counterparty and operational staff for all middle and back office related issues and inquiries.
• Primary Escalation point for fellow teammates as well as internal and external parties, in addition to the below First Line of contact listed above
• Lead contributor/participator for Projects and Initiatives within our group/operations and/or function as the conduit for trading and sales
• Allocate institutional orders to client sub accounts.
• Process post trade date corrections and cancel / re-bills.
• Work through the daily fail report and unmatched trades report. Work with client back office personnel to resolve failing trades and unmatched trades.
• Work with back office to actively monitor settlement exceptions, ensuring timely settlement.
• Work with Toronto P&S / Contracts, R&D and trading as a liaison for street-side clearing.
• Act as a contact for Institutional traders regarding billing, settlement discrepancies and trading errors.
• Manage and reconcile inventory held by the desk. Take the necessary action to help Trading manage their holding within the set boundary
• Reconcile wash and inventory accounts used for Institutional billing.
• Coordinate Buy-in and Sell-out processes between traders, operations, and clients.
• Coordinate with new accounts group to open and maintain Institutional client sub-accounts.
• Action various reconciliation reports; Imatch and related report Product Control, Sophis support, SPBS, and GEDA.
• Calculation of OTC notes and options and distribute out both internally and externally
• Instrument set up (instruction to internal and external)
• Calculation of “in and out of scope” for 871m issues

Benefits

• A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
• Leaders who support your development through coaching and managing opportunities.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• Opportunities to build close relationships with clients.
• You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level