Senior Associate, Trade Support
About The Position
RBC Capital Markets is hiring a Senior Associate to join the Middle Office Trade Support team within Operational Services in New York. The role focuses primarily on Foreign Exchange (FX) trading activities and is responsible for their timely and accurate booking, verification, and support. It offers broad exposure to capital markets operations. The position supports FX trade processing across spot, forwards, and swaps, including reconciliations, post-trade events, regulatory clearing deadlines, exception management, and daily controls. It also serves as a central contact for Sales and Trading desks, internal stakeholders, and external clients. The Senior Associate participates in user acceptance testing, system enhancements, and process improvement initiatives, working with Technology to resolve issues and implement fixes.
Requirements
- At least two years of relevant experience in a Middle Office, Operations, or similar capital markets environment.
- Proven experience managing post-trade activity across a range of instruments and workflows and working with multiple internal and external stakeholder groups.
- Solid working knowledge of FX products, their key characteristics, lifecycle events, and associated post-trade processes.
- Familiarity with platforms and infrastructure commonly used in a capital markets environment; experience with the specific systems used by the Middle Office function is not required.
- Bachelor's degree in a related field such as Business, Finance, or Economics, or a similar discipline.
- Consistently high attention to detail and accuracy, including the ability to identify discrepancies, errors, and inconsistencies.
- Ability to work effectively under pressure while maintaining accuracy and composure during high trading volumes, market events, and time-sensitive deadlines.
- Proactive problem-solving skills and the ability to contribute to workflow and process improvements.
- Ability to manage workload independently without close supervision and collaborate effectively with colleagues and stakeholders.
- Polite, professional, clear, and accurate communication skills.
Responsibilities
- Book and verify FX spot, forward, and swap trades accurately in relevant trading and booking systems, with appropriate downstream processing flags for confirmations, settlements, and payments.
- Perform daily reconciliations across internal and external systems and resolve breaks promptly.
- Process post-trade events, compressions, and backloads in accordance with standard procedures.
- Ensure transactions clear within required regulatory timeframes and support compliance with applicable rules and reporting obligations.
- Manage exception queues to maintain trade flow between internal systems and external counterparties, escalating issues as needed.
- Run daily controls to verify trade booking accuracy, correct processing of events, and compliance with regulatory deadlines.
- Act as a central point of contact for Sales and Trading desks, internal stakeholders, and external clients, managing queries through face-to-face interaction, phone, email, Webex, and Bloomberg Chat.
- Participate in User Acceptance Testing, system enhancements, and process improvement initiatives; identify inefficiencies and work with Technology to resolve issues or implement fixes.
- Work independently while contributing to the team, supporting junior staff development, and building relationships with stakeholders.
Benefits
- Comprehensive Total Rewards Program with competitive compensation and flexible benefits.
- 401(k) program with company-matching contributions.
- Health insurance.
- Dental insurance.
- Vision insurance.
- Life insurance.
- Disability insurance.
- Paid time off.
- Coaching and management opportunities to support development.
- Opportunity to make a difference and lasting impact.
- Dynamic, collaborative, progressive, and high-performing team.
- Opportunities to do challenging work and build close relationships with clients.
- Potential for discretionary variable compensation, subject to business performance targets and individual goals.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
