Operations Analyst, Fx Settlements

**Job Summary**

**What is the opportunity?**

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 defense to trading businesses, ensures accurate books
and records are maintained whilst providing a seamless client experience.

**What will you do?**
- Assist the Team Manager / Department Head on projects, process improvements or new business initiatives as requested.
- Develop product / market knowledge to ensure daily processes are appropriate to reduce operational risks.
- 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.
- Understand and know how to locate central RBC policies
- Investigate any processing issues and recommend a course of action to the Team Manager. Once approved, assist in the execution of the proposed change
- Support colleagues during busy periods by sharing workloads as applicable.
- Act as a coach /mentor to junior colleagues with any day to day issues.
- Has some form of approval for checking responsibility where great care and attention to detail is expected.
- Provide best in class client services to both internal and external clients by ensuring their queries are responded to within agreed timeframes
- 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.
- 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 /or settlement instruction records must adhere to the Segregation of duties requirements.
- 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.
- Produce and distribute the outstanding confirmation/ settlement reports (Daily).
- Prepare or approve monthly attestation and collate SOD packs in accordance with the global RBC attestation policy.
- 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
- Perform End of Day Checks:

- 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.

**What you need to succeed?**
- Post-secondary education or equivalent
- 2-4 years relevant experience
- Proven operational experience in an investment banking environment
- Good knowledge of Industry Codes, Best Practices, International Payment and Compensation rules.
- Good understanding of FX trade life cycle events and process flows.
- Good understanding of operational risks, impacts, assess and implement preventative and mitigating controls.
- Good understanding of RBC Internal Trading, Sub and General ledger platforms, the core principles of accounting rules and the downstream impact to the Balance Sheet

**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.
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
- Flexible work/life balance options

**Job Skills**

Active Learning, Adaptability, Business Appraisals, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process Improvements

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