Reconciliation Officer

Job title:

Reconciliation Officer

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the opportunity?This position is responsible for providing exceptional customer care through the daily reconciliation of processes supporting various Client Groups and the identification of those items that require further investigation and resolution. Through ongoing training initiatives and continuous self- development, the incumbent will in an efficient / effective cross-functional shared service to ensure timely reconciliations, loss prevention and risk mitigation as prescribed by Bank’s Standards and Procedures.What will you do?Responsible for the reconciliations of designated processes under prescribed Standard Operating Procedures (SOPs) ensuring Service Level Agreements (SLAs) are met and applying solid knowledge of the Product Operations, its procedures, methods and systems to the reconciliations processEnsures daily/monthly data feeds are received on time, with proper follow up conducted for missing/incorrect information e.g. IT incidents tickets raisedApplies knowledge of the product supported and processes, such as, payment methods, terms and conditions, general operating policies, rules and regulations used by correspondents, clients and their agents in the day to day reconciling of accountsRecognize that accuracy is key to ensure true breaks are identified and investigated accordinglySupport the process of creating, updating and maintaining SOPs and demonstrate strong ability to understand and apply those proceduresStrict adherence to policies and regulatory requirements is observedA good understanding of the operational controls and how they apply to the reconciliation processingDisplay good judgment, decision-making skills and demonstrates a strong knowledge of the products, transactional flows and accounting related to the Client Groups supported.Ensure true breaks are identified and investigation/reported within the agreed SLAs and items that represent a potential loss to the Bank are escalated immediately.Display a strong commitment to teamwork; open two-way communication and good staff morale.Seek opportunities to share information with colleagues.Identify departmental system or process changes to streamline and/or improve the reconciliation process and efficiency (matching rules, automating processes)Identify service gaps provided to client groups and makes suggestions to management for improvementResponsible for personal development and cross-training coordination; participation as identified through ongoing business and/or department needs analysis.Proven capability of supporting the reconciliation processes within the team’s scope including all month end and stand alone processes.Demonstrates flexibility to assume project work outside of the general reconciliation process as determined by management*Flexible to work Statutory Holidays**Flexible to work overtime as requiredWhat you need to succeed?Good understanding of Capital Market Products and transactional/accounting flowsSolid knowledge of Reconciliation Procedures.Solid knowledge of key reconciliation systems and Back-Office systems e.g. INTELLITRACS, IntelliMatch, Bess, RIMMS, EGL, Storqm, RATSComputer literacy – i.e. Knowledge of PC’s and Microsoft – related softwareAbility to embrace organizational change at an individual and team levelDemonstrate flexibility to cross trainWhat’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 compensationLeaders who support your development through coaching and managing opportunitiesWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging workFlexible work/life balance optionsJob Skills Active Learning, Communication, Critical Thinking, Customer Service, Operational Delivery, Process Improvements, Time ManagementAdditional Job DetailsAddress: 120 WESTERN PKY:BEDFORDCity: BEDFORDCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: Capital MarketsJob Type: RegularPay Type: SalariedPosted Date: 2024-03-22Application Deadline: 2024-04-05Inclusion 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

Halifax, NS

Job date

Sun, 24 Mar 2024 04:40:09 GMT

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