Lead Trade Operations Administrator

1 month ago

Toronto, Ontario, Canada RBC - Royal Bank Full time

Job Summary

Job Description

What is the opportunity?​

As a Lead Trade Operations Administrator, you will support Global Loan Administration - Trade with the end to end processing of Guarantees/Standby Letters of Credit (SBLC) under bulk, syndicated and bilateral credit facilities in Trade 360 from draft to issuance to payment or cancellation. You will be responsible for escalations of questions related to complex transactions and be client facing for inquiry investigation and resolution.

What will you do?

  • Process and Reconciliation: Counsel and advise clients and business independently on transactional issues, risk mitigation, document preparation and international rules and regulations
  • Provide structuring and coordination including liaising with 3rd parties as required
  • Provide draft language for Guarantees/SBLC's in a timeline acceptable to the requester.
  • Responsible for the text of all instruments issued and thereto amended and their issuance in accordance with the applicable rules and standard banking practices
  • Ensure that all transactions processed comply with KYC and AML guidelines, Antiboycott compliance, OFAC, FinCEN, USA Patriot Act and other sanctions imposed from time to time by various government /regulatory agencies
  • Provide post transactional service to clients
  • Exercise due diligence by following operational risk policies, procedures, standards and guidelines.
  • Set up customer, fee rate and guarantee/SBLC records in Trade 360 to ensure that the input is error free
  • OMS comments must be added/updated daily without prompting
  • Ensure Chase, Nostro, Internal Accounts and Adjustment Suspense is actioned daily and there are no aged items without documented explanation
  • Action eTRs daily, ensuring accurate credit records. All excess items are addressed by 11:00 a.m. daily
  • Ensure all fee income on guarantees /SBLC's is received and correctly accounted and reported
  • Act as a backup to other Trade Specialists on the team
  • Acts as verification officer for all two touch transactions in Trade 360

What do you need to succeed?

Must-have:

  • Working knowledge of all aspects of guarantees/SBLC's and ability to interpret and apply various related rules, regulations and applicable law
  • Fully conversant with all ICC rules, regulations and circulars relative to guarantees
  • Ability to prioritize, work under pressure and meet time sensitive deadlines
  • Ability to identify and eliminate/reduce risk associated with guarantees/SBLC's
  • Strong time management and organizational skills
  • Excellent written and oral communication skills
  • Ability to work effectively both independently and within a team environment
  • Excellent attention to detail, judgement, flexibility and dependability
  • Undergraduate Degree

Nice to have:

  • 1-2 yrs. work experience in banking
  • Certified Documentary Credit Specialist (CDCS)
  • ISP Masters
  • Upskill 600
  • Bilingual (English and French) communication skills

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.

  • Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • Opportunities to do challenging work

Job Skills

Active Learning, Adaptability, Customer Service, Customer Service Management, Decision Making, Detail-Oriented, Group Problem Solving, Operational Delivery, Process Management, Teamwork

Additional Job Details

Address:

16 YORK ST:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Personal and Commercial Banking

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

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.

Join our Talent Community

Stay 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

  • Lead Trade Operations Administrator

    1 week ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryWhat is the opportunity?As a Lead Trade Operations Administrator, you will support Global Loan Administration - Trade with the end to end processing of Guarantees/Standby Letters of Credit (SBLC) under bulk, syndicated and bilateral credit facilities in Trade 360 from draft to issuance to payment or cancellation. You will be responsible for...

  • Financial Operations Administrator

    1 week ago

    Toronto, Ontario, Canada Velocity Trade Capital Full time

    Established in 2007, Velocity Trade is a global equity, foreign exchange and precious metals broker dealer, and serves as a trusted trading partner to corporations and institutions around the globe. Velocity Trade has offices in Toronto, Montreal, Calgary, London, Amsterdam, Hamburg, Singapore, Sydney, Auckland and Cape Town. The firm and its subsidiaries...

  • Portfolio Administrator, Trades

    1 week ago

    Toronto, Ontario, Canada CIBC Mellon Full time

    Company Information:CIBC Mellon is a leading provider of asset servicing solutions to institutional investors in Canada, including multi-currency accounting, fund valuation, and investment information reporting. We are passionate about providing exceptional client service backed by our culture of innovation and success. Our outstanding employee experience...

  • Specialist, Trade Operation

    1 week ago

    Toronto, Ontario, Canada Canada Goose Inc. Full time

    Company DescriptionCanada Goose isn't like anything else. We've built something great, something special - an iconic lifestyle brand with an inspirational and authentic story. At the heart of it is our promise to inspire and enable all people to thrive in the world outside. To Live in the Open. At Canada Goose, you're part of a movement that belongs to...

  • Teamlead Community Management

    1 week ago

    Toronto, Ontario, Canada Trade Ready Full time

    Position : Lead, International Trade Compliance We've built something great, something special – an iconic lifestyle brand with an inspirational and authentic story. To Live in the Open. We endure any condition, observe every detail, and are building a community that believes in living bravely and coming together to support game-changing people. This key...

  • Trade Operations Analyst

    1 week ago

    Toronto, Ontario, Canada FNZ Full time

    Who we are:FNZ Group is an established and rapidly growing company in the financial technology sector. We partner with the entire industry to make wealth management accessible to more people. Today, we partner with over 650 financial institutions and 8,000 wealth management firms, enabling over 20 million people across all wealth segments to invest in the...

  • Senior Trade Operations Specialist

    1 week ago

    Toronto, Ontario, Canada Royal Bank of Canada> Full time

    Job SummaryJob DescriptionWhat is the opportunity?​In this role, you are responsible for reviewing and providing advice to internal partners at various stages of credit agreements to ensure RBC's ability to deliver on commitments. You will extensively summarize and operationalize all executed credit agreements to ensure prompt and accurate establishment of...

  • Analyst, Trade Finance Operations

    1 week ago

    Toronto, Ontario, Canada Scotiabank Full time

    Press Tab to Move to Skip to Content Link Select how often (in days) to receive an alert: Title: Analyst, Trade Finance Operations (12 Month Contract) (French and English)- Toronto, ON Requisition ID: 195706 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Analyst, Trade Finance Operations (12 Month...

  • Setup Technician/Operator

    1 week ago

    Toronto, Ontario, Canada Belvika Trade & Packaging Full time

    Belvika Trade & Packaging Ltd. is a leading one-stop contract packaging company, specializing in precision packing of dry foods, chocolate and confectionary products from multiple facilities totaling more than 500,000 ft2. A 31-year-old and 100% owned Canadian Company, Belvika has grown to be one of the largest co-packers of chocolate, confectionary and...

  • Operations Lead

    1 week ago

    Toronto, Ontario, Canada IFG International Financial Group Ltd Full time

    Our client, a Top 5 Bankin Canada is looking to hire a Operations Lead to their team for an initial 9month contract. This role is currently hybrid, 1-2 days per week in Toronto. Responsibilities Include: Contributes to the overall success of the GWO Confirmations - Securities & Issuance team globally ensuring specific individual goals, plans,...

  • Analyst, Trade Finance Operations

    1 week ago

    Toronto, Ontario, Canada Scotiabank Full time

    Requisition ID: 195706Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Analyst, Trade Finance Operations (12 Month Contract) - Toronto, ON Global Banking and Markets Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and...

  • Program Operations Manager

    1 week ago

    Toronto, Ontario, Canada Trade Ready Full time

    Position : Program Manager, Trade Operations Governance Business Unit : Store Support Centre (SSC)Time Type : Full-time lululemon is an innovative performance apparel company for yoga, running, training, and other athletic pursuits. Setting the bar in technical fabrics and functional design, we create transformational products and experiences that support...

  • Manager, Trade Operations, Loans and Hedge Funds

    1 week ago

    Toronto, Ontario, Canada OMERS Full time

    SCOPE OF POSITIONThe Investment Operations team within Capital Markets Finance (CMF) is responsible for supporting the investment groups in transacting in multiple products across various global markets and jurisdictions. The team operates and manages investment middle office functions critical to the life cycle events of investment products resident in the...

  • Analyst, Exchange Traded Derivatives Operations

    1 week ago

    Toronto, Ontario, Canada Scotiabank Full time

    Requisition ID: 194700Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.Analyst, Exchange Traded Derivatives Operations - Toronto, ONGlobal Banking and MarketsGlobal Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin...

  • Lead, International Trade Compliance

    1 month ago

    Toronto, Ontario, Canada Canada Goose Inc. Full time

    Company DescriptionCanada Goose isn't like anything else. We've built something great, something special - an iconic lifestyle brand with an inspirational and authentic story. At the heart of it is our promise to inspire and enable all people to thrive in the world outside. To Live in the Open. At Canada Goose, you're part of a movement that belongs to...

  • Lead, International Trade Compliance

    4 weeks ago

    Toronto, Ontario, Canada Canada Goose Inc. Full time

    Company DescriptionCanada Goose isn't like anything else. We've built something great, something special - an iconic lifestyle brand with an inspirational and authentic story. At the heart of it is our promise to inspire and enable all people to thrive in the world outside. To Live in the Open. At Canada Goose, you're part of a movement that belongs to...

  • Lead, International Trade Compliance

    1 week ago

    Toronto, Ontario, Canada Canada Goose Holdings Inc. Full time

    Canada Goose isn't like anything else. We've built something great, something special - an iconic lifestyle brand with an inspirational and authentic story. At the heart of it is our promise to inspire and enable all people to thrive in the world outside. To Live in the Open. At Canada Goose, you're part of a movement that belongs to something bigger. One...

  • Trading Operations Associate

    1 week ago

    Toronto, Ontario, Canada BroadGrain Full time

    TRADING OPERATIONS ASSOCIATE - TORONTO, ON:BroadGrain Commodities Inc. ("BroadGrain") is a fast-growing global company trading and transporting grains, cereals, oilseeds, corn and by-products. We use our expertise and experience in logistics, sourcing and distribution to connect our customers to global markets while providing excellence in customer service....

  • Trade Desk Specialist

    1 week ago

    Toronto, Ontario, Canada TMX Group Limited Full time

    The Trade Desk Specialist works on the Equities Trade Desk and provides specialized, experienced trading services and support to our equities trading, market data and technology clients in a trade floor environment, while supporting the effective operation and market quality of our core equity trading enterprise. This is a unique opportunity to work at the...

  • Manager, Exchange Traded Derivatives Operations

    1 week ago

    Old Toronto, Ontario, Canada Scotiabank Full time

    Press Tab to Move to Skip to Content Link Select how often (in days) to receive an alert: Select how often (in days) to receive an alert: Please be advised that our Careers site will be unavailable from November 28 at 12am ET to November 29 12am ET for scheduled system maintenance. Title: Manager, Exchange Traded Derivatives Operations (GWO)- Toronto, ON ...