Job Summary
Job Description
What is the opportunity?
The Operations Control team are accountable for reconciling cash balances, transactions, intra-systems and positions (stock and listed derivatives).
Providing value by investigating and timely resolving differences, providing reporting, and recommending and implementing operational improvements to ensure efficient and accurate processes across the business to minimize risk.
What will you do?
- Reconciliation of cash, positions and transactions between internal data and external parties including custodian, clearing agents and prime brokers within established timelines.
- Identify and manage any discretionary system enhancements.
- Working closely with external vendors to understand key trade flow requirements, bank ledger postings and cash payment deadlines.
- Assist in resolving any position issues raised by the Investment Teams or Finance and investigating as necessary to identify the root cause.
- Work with internal teams to support the full client lifecycle beginning with fund onboarding.
- Review daily processes to identify and address any trends or concerns with breaks.
- Taking full ownership demonstrating awareness of any system upgrades and enhancements, and any potential regulatory breaches.
- Ad-hoc and scheduled project work as we progress to new platforms.
What do you need to succeed?
Must-have
- Interest/Understanding in financial markets, including investment banking and asset management.
- Ability to operate within a control framework under time sensitive deadlines.
- You can prioritise and balance multiple requests, showing knowledge to escalate when necessary.
- Good communicator with strong analytical skills.
- Desire to seek continuous improvements and enhancements.
- Work effectively as part of a team or on your own assignments.
- Attention to detail and accuracy.
Nice-to-have
- Experience performing cash and stock reconciliations in a prior role.
- Prior use of Smartstream TLM, Intellimatch, Broadridge or similar.
- Understanding of exposure reconciliation through Tri-Resolve.
- Experience of EMIR portfolio reconciliation
- Knowledge of fixed income assets including FX.
- Understanding of the impact breaks in reconciliation can have on the trade lifecycle and portfolio management.
- Working background of MT535/MT940/MT950 swifts, and custodian flat files used for reconciliation. Experience with MX message base is beneficial.
What is 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 including bonuses, flexible benefits and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- Opportunities to work with the best in the field
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- A world-class training program in financial services
- Flexible working options fully supported.
Agency Notice
RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.
Job Skills
Adaptability, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process Improvements, Time Management
Additional Job Details
Address:
100 BISHOPSGATE:LONDON
City:
London
Country:
United Kingdom
Work hours/week:
35
Employment Type:
Full time
Platform:
WEALTH MANAGEMENT
Job Type:
Contract (Fixed Term)
Pay Type:
Posted Date:
2025-03-18
Application Deadline:
2025-03-25
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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What We Do
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 88,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities.
