Senior Analyst, Syndication and Municipal Trade Support

What is the opportunity?

Primary focus of role is on day-to-day deliverables, developing solutions based upon subject expertise, and occasionally representing the department or function at a broader level. This person is able to document procedures and process flows independently, perform user testing for process enhancements and is seen as a go-to-person for day questions from other areas.

This position supports RBC's growth and sustainability by providing Trade Support to RBCCM and RBCWM Municipal trading desks, acting as a liaison between RBCCM / WM trading desks and other trading/sales/operations personnel within RBC and outside dealer firms to ensure timely, accurate execution of daily transactions and the resolution of trade related problems along with position reconciliation between trading systems and will act as the main contact for Trade Clearance & Settlement for dealer comparison and settlement problem resolution.

What will you do?

• This individual is responsible for day-to-day trade support activities for our US Municipal Markets Business. Minimize operational gaps/risks between Revenue Generators and Support teams by connecting-up the organization to support Primary and Secondary Sales and Trading activities.
• Ensure positions are in sync and resolve any position breaks. Resolve Fails and Unmatched trades in a timely fashion.
• Monitor and control Settlements that are driven by the effective collaboration of Revenue Generating and Support teams.
• Reconcile all trade differences and DKs quickly to ensure all bookings/process is clean and efficient.
• Monitor daily MSRB trade reporting to identify and solve reporting issues.
• Ensure all queries/issues are addressed in a timely fashion. Escalate issues when necessary. Minimize reputational risk to the firm.
• Suggest enhancements to and/or create reports/procedures to fill any gaps in control.
• Ensure all amendments are accurate and evidenced with Trader approval (when necessary).
• Serve as a resource person for municipal and firm personnel in resolving questions or problems as pertains to municipal operations and trading systems.
• Utilize platforms such as Bloomberg TOMs, Tradeweb, BPS, Ipreo, and ICI Impact.
• Assist compliance personnel with various audits, providing documentation and is responsible for answering questions pertaining to operational issues.
• Assist technology teams with enhancements to systems.
• Continue to meet all regulatory obligations and maintain zero tolerance on late resolution of audit items.
• Deliver timely and effective results on all critical business objectives.
• Continue to support all control and regulatory initiatives.
• Streamline operational processes to reduce cost and increase speed

What you need to succeed?

• Strong knowledge of FI products, settlements and surrounding processes
• 2 years of fixed income experience
• Obtain Securities Industry Essentials (SIE) and Series 99 licenses in a two month period
• Knowledge of trading regulatory policies and procedures i.e. TRACE, MSRB
• Proficient with trading systems (Bloomberg and MS Office
• Excellent problem solving and resolution skills
• Team player with strong communications skills
• Strong organizational skills
• Work with time deadlines requiring ability to prioritize
• Strong leadership skills with ability to delegate tasks appropriately

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

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.