Analyst, Settlements

6 months ago

Halifax, Canada Royal Bank of Canada Full time

**Job Summary**

**What is the opportunity?**

The incumbent is primarily responsible for handling the settlement processing of Swaps, Cross Currency Swaps, Interest Rate Options and FRA efficiently and accurately in the FIDO area. This includes making payment and settlement entries for the transactions.

**PRIMARY RESPONSIBILITIES**:

- Process payments and accounting entries for USD/Cross Currency interest rate swaps, interest rate swaps, caps, floors, swaptions, FRAs, bond options and cash tickets in an accurate and timely manner. Resolve any problems that may arise from daily operations. Liaise with clients/ Front Office to ensure that settlements are properly executed.
- Incumbent is responsible for confirming all upfront and end exchanges for Cross Currency trades which are CAD vs USD or CAD vs foreign currency.
- Confirm and route payments and receipts using IRIS and Murex settlement queues to verification officers basket
- Prepare payments using different payment devices: IRIS /Murex; SWIFT, Debit/Credit advice, etc
- Perform independent confirmations with counterparties on any buyouts/upfront/end exchange settlements resulted from existing and new deals booking, such as Cross Currency Swaps (if applicable), options premiums, principal exchanges, and swap upfront fees promptly and accurately prior to making payments & accounting entries
- Resolve any problems that may arise from daily operations. Liaise with clients to ensure that settlements are properly executed.
- Maintain and update list of netting clients for future settlements
- Daily review of pay/receipt report for 5 days in advance (prior to settlement date), check Infinity Reports and compare to IRIS to accurately route payment and receipt wires to Settlement Verification Officer for review, check the same within Murex and process as required. Ensure that nothing remains in Murex and IRIS system except trades with a special exception: waiting for rate reset, structured deals, and trades with outstanding confirmations.
- Maintain updated settlement instructions in Infinity Customer database. Upon receipt of advice from counterparty and performing the necessary Call Back as per the standing order, update CIF and ensure that correct settlement instructions are used in making payments. If instructions exist, advise Trade Verification Officer to reassign correct SSIs
- Process third party payment authorization requirements (per standing orders) before the release of payments
- Investigate and resolve all settlement problems and phone confirmation discrepancies (with counterparties or with the Investigation Department) same day if possible. Advise Associate Director of settlement problems which are not resolved same day.
- Maintain good understanding of the various mainframe systems such as IRIS, Murex, Ensure compliance with mandated Unit Financial Controls/SOX Controls and RBC Standing Orders Policy requirements.
- RIMMS, Nostro, SWIFT/FPAY & Infinity and how they interact with the operation of the desk in order to perform the job functions more efficiently and effectively.
- Update the EUC Change Log for any changes made to the identified EUC spreadsheets (if applicable) in accordance to the EUC Policy guidelines.
- Look into and work to clear any payment related investigation brought to your attention by the NOSTRO group. Minimize interest claims by providing quick response to payment investigations

**Training and Support**
- Providing direct support and guidance to co-op or coverage analyst and provide assistance to Associate Director as required
- Provide proper training to Relief analyst and maintain up to date and accurate procedures for the desk as guidelines for back-up. Provide relief/assistance on other positions within the department as required. Cross-train on various desks within FIDO Trade Processing Payment group for future ease of sharing or redistribution of Desk functions
- Ensure compliance with mandated Unit Financial Controls /SOX Controls and RBC “Standing Orders” Policy requirements.
- Update the EUC Change Log for any changes made to the identified EUC spreadsheets (if applicable) in accordance to the EUC Policy guidelines.
- Develop solid understanding of derivative products (in particular try to understand the logic or mechanism underlying our Securitized deals and the process flow) and operational controls in deal processing, and identify areas where controls can be enhanced.
- Provide critical basic coverage to the London Rate Setting Desk for purposes of printing and inputting rates and running cash flows, and daily reports.

**What you need to succeed?**

**Must-haves**
- Post-Secondary or equivalent
- Minimum 2 years’ experience within Operations with exposure to Credit and Fixed Rate Derivatives.
- Excel/VBA literate

**Nice-to-have**
- Good working knowledge and accounting/valuation concepts of Fixed Income Derivatives products
- Strong problem solving skills and organizational skills to handle high volu

  • Analyst, Securities Settlements

    4 weeks ago

    Halifax, Canada RBC Full time

    Job Summary The Settlement Analyst is responsible for ensuring the settlement of Fixed Income trades on a daily basis. Responsible for balancing cash and position of settled trades versus what is being booked in the source systems Job Description What is the opportunity? Do you have strong organizational skills? Do you consider yourself to be detail...

  • Analyst, Securities Settlements

    4 weeks ago

    Halifax, Canada RBC Full time

    Job Summary The Settlement Analyst is responsible for ensuring the settlement of Fixed Income trades on a daily basis. Responsible for balancing cash and position of settled trades versus what is being booked in the source systemsJob DescriptionWhat is the opportunity? Do you have strong organizational skills? Do you consider yourself to be detail oriented?...

  • Analyst, Securities Settlements

    4 weeks ago

    Halifax, Canada Royal Bank of Canada> Full time

    Job SummaryThe Settlement Analyst is responsible for ensuring the settlement of Fixed Income trades on a daily basis. Responsible for balancing cash and position of settled trades versus what is being booked in the source systemsJob DescriptionWhat is the opportunity?Do you have strong organizational skills? Do you consider yourself to be detail oriented? Do...

  • Fixed Income Settlements Specialist

    1 week ago

    Halifax, Nova Scotia, Canada Royal Bank of Canada Full time

    Job Summary">The Fixed Income Purchases and Sales group within the Global Operations division of Royal Bank of Canada is seeking an entry-level Analyst to perform daily processing, clearance, settlement, and/or Purchase & Sales functions associated with Federal and Non-Federal Fixed Income securities.This role requires strong organizational skills, attention...

  • Analyst, Us Securities Settlements

    3 months ago

    Halifax, Canada Royal Bank of Canada Full time

    **Job Summary** To settle and/or process all transactions assigned on a daily basis in a timely and accurate manner. - Process the settlements of US Fixed Income Securities and handle all trade exceptions on a timely basis - Reconcile cash and position breaks related to settlements - Work constructively with teams across multiple business entities in a fast...

  • Rotational Analyst, Securities Settlements

    4 weeks ago

    Halifax, Canada RBC Full time

    Job Summary Support the North American Settlements Department by learning, improving, and covering processes and desks as needed. With extensive knowledge of the job and policies/practices, performs a wide range of advanced administrative/operational assignments and supports ad hoc projects. Job Description PRIMARY RESPONSIBILITIES: Remain up to date on a...

  • Rotational Analyst, Securities Settlements

    4 weeks ago

    Halifax, Canada RBC Full time

    Job Summary Support the North American Settlements Department by learning, improving, and covering processes and desks as needed. With extensive knowledge of the job and policies/practices, performs a wide range of advanced administrative/operational assignments and supports ad hoc projects.Job Description PRIMARY RESPONSIBILITIES: Remain up to date on a...

  • Rotational Analyst, Securities Settlements

    3 weeks ago

    Halifax, Canada RBC Full time

    Job SummarySupport the North American Settlements Department by learning, improving, and covering processes and desks as needed. With extensive knowledge of the job and policies/practices, performs a wide range of advanced administrative/operational assignments and supports ad hoc projects.Job DescriptionPRIMARY RESPONSIBILITIES:Remain up to date on a...

  • Rotational Analyst, Securities Settlements

    1 month ago

    Halifax, Canada Royal Bank of Canada> Full time

    Job SummarySupport the North American Settlements Department by learning, improving, and covering processes and desks as needed. With extensive knowledge of the job and policies/practices, performs a wide range of advanced administrative/operational assignments and supports ad hoc projects.Job DescriptionPRIMARY RESPONSIBILITIES:Remain up to date on a...

  • Analyst, Us Securities Settlements

    7 days ago

    Halifax, Canada Royal Bank of Canada Full time

    **Job Summary** Provides analysis for implementation and improvement of processes, workflow, project management methods Applies basic theories, skills, and practices to accomplish assignments. **What is the opportunity?** **What will you do?** - Work constructively in a team environment - Aid in managing volumes and organizing workflow - Remain up to date...

  • Financial Analyst, Treasury

    5 days ago

    Halifax, Canada Emera Inc Full time

    The Opportunity: Company, Department: Emera Inc, Finance, Treasury Location: Halifax, NS Closing Date: January 8, 2025 Reporting to the Senior Manager Treasury the Financial Analyst will work with a team of treasury professionals to plan cash requirements for a number of business entities, ensure treasury transactions are appropriately verified and...

  • Dynamic Securities Lending Operations Analyst

    3 weeks ago

    Halifax, Nova Scotia, Canada Royal Bank of Canada Full time

    Are you looking for an exciting opportunity to become a part of a dynamic team? As a Securities Lending Operations Analyst at Royal Bank of Canada, you will be responsible for providing exceptional support to clients and trading partners through the daily settlement of Securities Lending deals. In this role, you will contribute to a center-of-excellence to...

  • Stock Loan Operations Analyst

    4 weeks ago

    Halifax, Canada RBC Full time

    Job Summary Responsible for daily Equity and Fixed Income Stock Loan Settlements. This includes all Stock Loan clearance activity, mark to markets and pledge activity. Heavy interaction with Securities Lending front office and RBC counterparties. Prepare internal reports and balance all settlement activity. Reconcile daily activity between APEX, Broadridge,...

  • Stock Loan Operations Analyst

    4 weeks ago

    Halifax, Canada RBC Full time

    Job Summary Responsible for daily Equity and Fixed Income Stock Loan Settlements. This includes all Stock Loan clearance activity, mark to markets and pledge activity. Heavy interaction with Securities Lending front office and RBC counterparties. Prepare internal reports and balance all settlement activity. Reconcile daily activity between APEX, Broadridge,...

  • Dynamic Application Support Specialist

    3 weeks ago

    Halifax, Nova Scotia, Canada Royal Bank of Canada Full time

    About the Role">We are seeking a skilled System Analyst to join our team in Bedford, Canada. As a key member of our support team, you will be responsible for ensuring the stability and availability of our critical Sophis application, which is used for life cycle management of trades from trade feed to PnL and risk management and settlement.

  • Dynamic Stock Loan Operations Expert

    1 week ago

    Halifax, Nova Scotia, Canada Royal Bank of Canada Full time

    Job Summary:We are seeking a highly skilled and experienced Operations Analyst to join our team in Bedford, Canada. The ideal candidate will have a strong background in stock loan operations and be able to provide exceptional support to clients and trading partners through the daily settlement of Securities Lending deals.Key Responsibilities:Process and...

  • Stock Loan Operations Analyst

    4 weeks ago

    Halifax, Canada Royal Bank of Canada> Full time

    Job SummaryResponsible for daily Equity and Fixed Income Stock Loan Settlements. This includes all Stock Loan clearance activity, mark to markets and pledge activity. Heavy interaction with Securities Lending front office and RBC counterparties. Prepare internal reports and balance all settlement activity. Reconcile daily activity between APEX, Broadridge,...

  • Analyst, Book Management

    6 months ago

    Halifax, Canada Royal Bank of Canada Full time

    **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...

  • Analyst, Client Onboarding

    6 months ago

    Halifax, Canada CIBC Full time

    We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients. At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are...

  • Analyst, Client Onboarding

    7 months ago

    Halifax, Canada CIBC Full time

    We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients. At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are...