Senior Operations Analyst

Job title:

Senior Operations Analyst

Company

Royal Bank of Canada

Job description

Job Summary

Job Description

What is the opportunity?

As part of a high performing team, you will ensure the operational and administrative effectiveness for RBC Global Asset Management Inc, as well as support cost controls and operational efficiencies for the RBC Mutual Funds. You will be responsible for the valuation and reporting of unit prices for assigned Mutual Funds within fixed deadlines enabling the unitholder systems to properly calculate the value of client’s holdings and process mutual fund transactions. Please visit:

What will you do?

Ensure all transactions (i.e. unitholder subscriptions and redemptions, management fees, expense accruals, security trades) are entered in an accurate and timely manner into the accounting system.

Reconcile each portfolio daily to ensure that cash, security, and unit positions correctly reflect the client’s holdings

Ensure corporate actions are entered into the accounting system and reflect all relevant securities and tax regulations, analyze market value impacts of corporate actions

Analyze daily fund activity, trade discrepancies against market data and report daily fund prices and income factors to unitholder systems and external sources for publication

Review and sign-off on daily fund prices and income factor delivery to internal/external parties

Research, analyze and validate daily price discrepancies within valuation policy; Review and sign-off on daily price discrepancies breaching valuation policy thresholds

Create and implement solutions to streamline Valuations processes

Maintaining internal procedures/policies to ensure controls are followed.

Train staff on operational processes and lead senior staff with daily process queries

Lead reporting activities including taking on ad-hoc requests

Work on specialized projects including Eagle Investment and Electra systems

Assist in the creation of semi-annual and annual mutual fund financial statements

Assist in periodic tax distribution calculations for all mutual fund types

What you need to succeed?

Must have:

Post-Secondary education in Finance or related field

4+ years relevant industry experience

Ability to work in a team environment with strong communication, time management and problem solving skills

Practical knowledge of financial products, Mutual Fund valuation and general ledger system.

Experience with derivatives and corporate action processing

Experience with MS Excel, Access, VBA/Macros, SQL, Tableau and database queries.

High attention to detail and accuracy.

Nice to have:

Completion of CIM or CFA Level 2

working towards Finance/Accounting designation, ie. CPA

Knowledge of Electra Recon and Eagle Investment Systems

Experience with pricing/data applications Bloomberg and Thomson One Financial, etc.

Basic accounting skills, corporate action knowledge and cash management experience

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, commissions, and stock where applicable

Leaders who support your development through coaching and managing opportunities

Ability to make a difference and lasting impact

Work in a dynamic, collaborative, progressive, and high-performing team

Flexible work/life balance options

Opportunities to do challenging work

Opportunities to take on progressively greater accountabilities

Access to a variety of job opportunities across business and geographies

Job Skills

Additional Job Details

Address: RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City: TORONTO

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: Wealth Management

Job Type: Regular

Pay Type: Salaried

Posted Date: 2024-01-10

Application Deadline: 2024-01-25

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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Expected salary

Location

Toronto, ON

Job date

Fri, 12 Jan 2024 05:57:23 GMT

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