Senior Associate, Trade Support

Royal Bank of Canada•New York, NY

4d•Onsite

About The Position

RBC Capital Markets is hiring a Senior Associate for its Middle Office Trade Support team within Operational Services in New York. The role focuses primarily on Foreign Exchange (FX) trade support, ensuring accurate and timely booking, verification, and post-trade processing. It provides broad exposure to capital markets operations and involves coordinating with trading desks, internal stakeholders, clients, and external counterparties. The position supports the full post-trade lifecycle for FX products, including spot, forwards, and swaps. It is responsible for reconciliations, exception management, regulatory processing deadlines, daily controls, and resolving operational issues. The Senior Associate also contributes to user acceptance testing, system enhancements, and process improvement initiatives, and supports junior staff while working independently and collaboratively. The position is based at Brookfield Place, 200 Vesey Street, New York. It is a regular, salaried, full-time role with a 40-hour work week. The expected salary range is $95,000–$135,000, depending on experience, skills, registration status, market conditions, and business needs. The role may also be eligible for RBC’s discretionary variable compensation program, subject to business and individual performance.

Requirements

At least two years of relevant experience in a Middle Office, Operations, or similar capital markets environment.
A proven track record managing post-trade activity across a range of instruments and workflows, including work with multiple internal and external stakeholder groups.
Solid working knowledge of FX products, their characteristics, lifecycle events, and associated post-trade processes.
Familiarity with the types of platforms and infrastructure commonly used in a capital markets environment; experience with the specific Middle Office systems 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 quickly identify discrepancies, errors, and inconsistencies.
Ability to maintain accuracy and composure under pressure, including during high trading volumes, market events, and time-sensitive deadlines, while managing competing daily and project demands.
Proactive problem-solving skills and the ability to drive timely resolutions and improve workflows and processes.
Ability to work independently without close supervision while collaborating with the team and supporting junior staff.
Polite, professional, clear, confident, and accurate communication with colleagues, senior stakeholders, clients, brokers, and Clearing Houses.

Responsibilities

Accurately book and verify FX spot, forward, and swap trades in relevant trading and booking systems, including assigning downstream processing flags for confirmations, settlements, and payment processing.
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 smooth trade flow between internal systems and external counterparties, escalating issues when necessary.
Run daily controls to verify trade booking accuracy, correct event processing, and compliance with regulatory deadlines.
Serve as a central point of contact for Sales and Trading desks, internal stakeholders, and external clients; manage queries through in-person conversations, phone, email, Webex, and Bloomberg Chat.
Participate in User Acceptance Testing, system enhancements, and process improvement initiatives.
Identify inefficiencies and liaise with Technology to resolve issues or implement fixes.
Contribute to the development of junior staff and maintain effective working 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.
Opportunities to make a difference and lasting impact.
Work in a dynamic, collaborative, progressive, and high-performing team.
Opportunities to do challenging work and build close relationships with clients.
Potential to earn discretionary variable compensation, subject to business performance targets and individual goals.