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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.
Collateral Management Settlement
Ensure daily Cash collateral movements are captured on time and accurately within payment systems.
Fix accounting errors of cash collateral posted.
Ensure month-end interest reconciliations are completed and items escalated as required.
Act as a first line of defense to the trading business, ensuring accurate books and records are maintained while providing a seamless client experience
Provide extended coverage during absence of team members (e.g. vacation)
Open new accounts for cash collateral including SSI’s setup and verification.
Escalate all issues as per agreed terms and standing orders.
Monthly interest settlements and reconciliation.
Account setup for cash collateral by verifying SSI’s and performing callbacks.
Coupon payment and custody fee payments.
Responding to inquiries on a timely basis
Operational onboarding of new and/or existing counterparties for applications and services related to the collateral management process.
Reconciliation of internal books and processing necessary correction entries.
Perform portfolio and collateral reconciliations with counterparties.
Ensuring client data is accurately maintained in collateral management system and other documents as required.
Report Weekly fails and breaks to management.
Must have skills:
Nice to have skills:
Experience with reconciliations/payments
Knowledge of derivatives
Knowledge of margining
Knowledge of COLLINE collateral system
Knowledge of RIMMS payment system
Responsible for cash collateral and monthly interest bookings and ensure payments are made accurately and on time. Perform daily and monthly controls including external and internal reconciliation against the sub ledgers.
90 WESTERN PKY:BEDFORD
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.
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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.