Royal Bank of Canada
Job title:
Futures Officer
Company
Royal Bank of Canada
Job description
Job Summary Provides full ‘first line of defense’ trade support coverage to the Futures trading desks in multiple time zones and markets. The incumbent will work in the Futures Client Services Department and will be cross trained to assist in the Clearing Department as required.Job DescriptionThe incumbent will primarily support the Futures Client Services team to ensure efficient and accurate daily processing of all client margin/collateral settlements, position management and client inquiries. Client interaction is involved on a daily basis. The officer deals directly with the clients’ operations and trade teams in order to facilitate the daily processing of margin/collateral settlements, positions management and client inquiries.Primary Responsibilities:Develop an in-depth understanding of the margin and settlement requirements surrounding futures and options products along with the systems used to manage the settlement processOn a daily basis verify the accuracy of the processing of Futures trades, daily cash margin payments/receiptsFacilitate the onboarding of new clients – working with sales, client implementation team, along with other operations and technology departmentsManage queries into giveins, giveups, ensure accuracy in payments processing/receipt of funds.Spearhead business requirement gathering and user acceptance testing for system upgrades and database conversions involving core Futures systems.Become proficient with exchange fees and rates. Specifically, ensure a full understanding of Montreal Exchange and CDCC fee and incentive programs.Perform UAT for Vendor or exchange software or hardware upgrades, development or technical process changes in coordination with the IT Team.Work with internal technology partners to optimize the capabilities of core Futures systems., to enable efficient straight through processing for clientsEnsure that daily, monthly, quarterly procedures and Standing Orders are strictly observed.Perform large position reporting (Montreal Exchange) and maintain upkeep of OCR reporting modulesCross train with all members of the Client Services team to ensure proper coverage for absencesCross-train and be fully functional on various Futures Clearing functions, including trade validation, allocations, and reconciliations.Perform system troubleshooting and develop technology tools (e.g., VBA macro) as required to support trade validation/reconciliation responsibilities seamlesslyMust haves:Solid Communication, must be strong verbally and in writingStrong Multi-Tasking SkillsStrong Excel Skills (Pivot Tables, Vlookups, etc.)Attention to detailHigh level of urgencyAbility to operate in high demand/pressure environmentAbility to think creatively/ laterallyNice haves:CSC CertificationFamiliar with Futures MarketsFamiliar with Accounting ConceptsJob Skills Active Learning, Communication, Critical Thinking, Customer Service, Operational Delivery, Process Improvements, Time ManagementAdditional Job DetailsAddress: RBC CENTRE, 155 WELLINGTON ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: Capital MarketsJob Type: RegularPay Type: SalariedPosted Date: 2024-07-15Application Deadline: 2024-07-29Inclusion and Equal Opportunity EmploymentAt 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.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.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 .
Expected salary
Location
Toronto, ON
Job date
Wed, 17 Jul 2024 06:50:00 GMT
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