Bond Trade Support Analyst - Jobs in Toronto, ON

Job Description

Come Work with Us!At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.Job TitleBond Trade Support AnalystJob DescriptionPosition Purpose:Primary focus is to ensure the reasonableness, accuracy, and timeliness booking for confirming with counterparties for all bond trades booked on Infinity /Murex and for confirming all bonds traded on the Corporate Treasury desk which are booked outside of Infinity within given deadlines prior to settlement. Perform the Bond trade balancing/reconciliation functions amongst various systems (Infinity/Murex/Anvil/Opics) to ensure the day to day operation flow is conducted accurately and efficiently in the FIDO area. The incumbent needs to ensure that the crucial end-of-day processing is executed is an organized, accurate are adhered to in an efficient and complete manner to mitigate the risk of trade errors/operational loss events.Bond Support Analyst, provide support to FO (Trader/Sales) for the day-to-day responsibilities, new business and Reconciliation. This position requires the employee to work accurately, able to manage stress, strong problem solving skills, good interpersonal/communication skill as follows:

• Confirm all CAD, USD and foreign bonds with clients and ensure that all discrepancies are resolved as soon as possible prior to settlement for trades handled by FIDO.
• Resolving discrepancies will ensure Bonds will not fail on settlement date. When necessary, liaise with Front Office, clients, DS Bond Backoffice, and/or cage to ensure that settlements are properly executed.
• Reconcile/Balance the daily bonds settlements between Infinity/OPICS/APEX to ensure bonds are captured correctly for settlement & amp; accounting purposes.
• New bond security is set up incorrectly, escalate to appropriate set-up groups and Assistant Manager, FIDO Trade Processing, for corrective action.
• Investigate position and status discrepancies, for example bonds that mature or have settled should be reflected accordingly in the appropriate column on the Anvil Arts report.
• Ensure prompt action is taken on all Bond settlements same day. Inform the Assistant Manager, FIDO Trade Processing of all issues, which are not resolved same day.
• Ensure that all trades are input correctly in Infinity and Murex System, and that trades are properly assigned that require BO Flags/Keyword in Infinity and UDF in Murex if applicable.
• Ensure compliance with mandated Unit Financial Controls/SOX Controls and RBC “Standing Orders” Policy requirements.
• Actively monitor processes and work flows between the trading desks and the Operations Group to ensure smooth flow of tickets/information.
• Identify and recommend changes to improve efficiencies.
• Identify problems affecting the processing of the day’s work and communicate these to the appropriate person, ensuring problems are effectively resolved.
• Provide assistance to Management (AD/Director/MD) on ad hoc business requests as required.
• Bridge communication between FID Operations and other functional groups and strengthen relationship with internal and external stakeholders.

Primary Responsibilities:

• Provide guidance and subject matter expertise to enable successful execution of FID projects. Assist in determining Operations integration strategy for new products and systems.
• Pro-actively identify processes and make recommendations for improving productivity, eliminating redundancies and simplifying processes. Lead the creation of clearly defined, robust and scalable solutions. Strive for automated STP solutions to minimize risks of manual errors.
• Ensure FO input and amend trades into various Capital Markets systems (e.g. Infinity & Murex) on an accurate and timely basis.
• Provide expertise to the traders in the preparation of the deal tickets for Bond.
• Ensure that appropriate procedures and controls are in place to effectively and efficiently process, analyze and report on trading activities. Review processes on an on-going basis to ensure that they continue to be relevant to the current business. Ensure that all procedures are documented in a timely manner.
• Continue to develop product knowledge, particularly for structured/exotic transactions, to ensure that Operational (settlement and position) risks are minimized.
• Manage the implementation of new Interest Rate Derivative products and systems. Address processing, valuation and risk issues. Work closely with various cross functional groups to coordinate efforts for complete and effective control. Identify accountabilities and process ownership within and outside the Operations team.

• Works with internal stakeholders to obtain relevant information needed for technical deliverables.
• Researches various published sources to create lists of prospects to contact for marketing purposes.
• Provides technical advice to advisors to resolve product or service requests.
• Follows up with clients to ensure timely and satisfactory delivery of placed orders.

Education and Experience Required:

• Minimum 5 years related Derivative Industry experience.
• Solid knowledge of specialized and complex Derivatives products and market practices with particular emphasis on operational processes for such transactions.
• Strong problem solving, analytical and critical thinking skills.
• Proven experience and ability to work effectively with a project team.
• Ability to lead under pressure and deliver stellar results.
• Strong change leader with ability to influence and gain employee commitment.
• Experience interacting with senior management, vendors, consultants and external counterparties.
• Fluent in French and English

Preferred:

• BA/MBA or equivalent professional designation (CA, CMA, CGA).
• Intermediate to advanced knowledge of VBA and SQL
• Strong project management skills

Competencies:Behavioral

• Excellent communication (oral & written) and interpersonal skills.
• Ability to work in a fast-paced, multi-faceted environment, demonstrating superior problem solving and critical thinking skills.

Technical

• • Solid technical skills (especially MS Excel).

Job SummarySupports day-to-day banking activities by providing information and assistance to clients and internal organizations. Applies complete knowledge, skills, and practices to perform assignments.Address:TORONTO, Ontario, CanadaCity:CAN-ON-TORONTOCountry:CanadaWork hours/week:37.5Employment Type:Full timePlatform:Capital MarketsJob Type:RegularPay Type:SalariedPosted Date:2022-10-12-07:00Application Deadline:2022-10-26-07:00Inclusion and Equal Opportunity EmploymentAt 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.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at rbc.com/careers.Quick Apply

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