Fx Settlements and Confirmation Officer

**Job Summary**

The role is part of North American Business and Client Services that supports pre and post trade deal processing for the RBC Capital Markets Foreign

Exchange trading business and its clients. The role ensures that trades are captured and that the confirmation and settlement functions are performed within

regulatory guidelines and market best practice principles. The FX Settlements role is a first line of defence to trading businesses, ensures accurate books

and records are maintained whilst providing a seamless client experience
- To ensure all daily tasks / controls are completed in line with the departmental PRIMA maps and procedures.
- To assist the Team Manager / Department Head on projects, process improvements or new business initiatives as requested.
- To continue to develop product / market knowledge to ensure daily processes are appropriate to reduce operational risks.
- To escalate any unusual behavior as well as any processing issues to the Team Manager or above in a timely manner following the Operations Escalation Policy.
- To understand and know how to locate central RBC policies.
- To investigate any processing issues and recommend a course of action to the Team Manager. Once approved, assist in the execution of the proposed change.
- To support colleagues during busy periods by sharing workloads as applicable.
- To provide best in class client services to both internal and external clients by ensuring their queries are responded to within agreed timeframes.
- To adhere to mandatory training requirements in Talentlink and take a proactive approach to suggesting appropriate additional training as required for the role.
- Verifiers must ensure they understand and abide by the Payment Risk Standing Order at all times, ensuring the following; all payments have a justifiable business reason as to why the payment is required to be made.
- Must check client signatures for 3rd party payments and authenticate instructions as required by standing orders
- All payments will utilize a settlement instruction record when there is potential for a re-occurring payment to be made, all settlement instructions must be appropriately authenticated, all payments/settlement authentication and settlement instruction records must adhere to the Segregation of duties requirements.

**ROLE SPECIFIC RESPONSIBILITIES**:

- Settlement - responsible for all settlement of FX and MM trades and to ensure successful submission within required currency cut off times.
- Confirmations responsible for the submission and matching of FX and MM confirmations and to ensure adherence to internal standing order and regulatory requirements.
- Liaise with front office on second line resolution of Front to Back Office trade and position reconciliations on trade date + 1 business day.
- Monitor trade processing and settlement queues and ensure all exceptions are resolved prior to end of day close.
- Assist in Performing End of Day Checks:

- Ensure netting balances are zero
- All payments have been released and SWIFT acknowledged
- CLS confirmations are all matched where settlement = T+1
- All outstanding confirmations have been actioned
- Ensure that all verification's are substantiated with the relevant print screen or documentation

**AUTHORITIES, IMPACT, RISK**:

- The assignee must uphold the reputation of RBC and Operations at all times.
- Escalate operational risk or loss events, control deficiencies and risks on a timely basis.
- The position supports Capital Markets trading businesses, brokers and external clients.
- Identify and recommend areas for simplification, transformation, business process change and cost efficiencies.
- Although the employee has no designated authorities in terms of budget / write off, the financial loss potential for the function can be considerable, both in terms of financial loss, and loss of faith in RBC, and therefore future business

**KEY RELATIONSHIPS**
- The position supports Capital Markets trading businesses, brokers and external clients.
- The position also involves Quantitative and Technology Services, Client and Data Management Group, Finance, Global Markets businesses, Legal and Compliance, Group Risk Management

**Must have skills**:

- Calm logical approach to all situations
- Teamwork, Cooperation, and collaboration
- Good communication skills (written/verbal)
- Accuracy and attention to detail
- Ability to work under pressure to tight deadlines

**Nice to have skills**:

- Breakthrough/Innovative thinking
- Customer Insight
- Knowledge of FX products and processes
- PC literacy including work excel

**Job Skills**

Adaptability, Authentication, Client Relationship Management, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Payment Handling, Process Improvements, Processing, Time Management

**Additional Job Details**

**Address**:
120 WESTERN PKY:BEDFORD

**City**:
BEDFORD

**Country**:
Canada

**Work hours/week**: