Trade Support Analyst, Canadian Mortgage Investment Group

Job title:

Trade Support Analyst, Canadian Mortgage Investment Group

Company

Royal Bank of Canada

Job description

Job Summary

Job Description

What is the opportunity?

The Market Business Service under RBC Capital Markets is looking to hire a Trade Support Analyst to join its Canadian Mortgage Investment group (CMIG) in Capital Market, Market Business Service. The incumbent’s primary responsibility is to provide operational support to Mortgage and MBS activities, settlements and reconciliations in order to provide high quality operational support.

What will you do?

• As part of our daily support to the Mortgage trading business, approve assigned service providers’ files uploaded from shared drive into the Mortgage Hub (mHUB) system
• As part of NHA program, coordinate the CMHC form handling and loan securitization process to ensure securitization process is completed in a timely manner
• Promptly resolve issues related to Mortgage daily settlements.
• Investigate and resolve 3-way-reconciliation discrepancies in a timely manner. Reconcile Journal Posting position to system generated Activity Summary report for un-securitized Mortgages positions to Servicers’ report.
• Continually cross-train on the mHUB system and Mortgage desk tasks to maintain 3-person-deep coverage.
• Review daily and monthly GL (General Ledger) reconciliation results performed by CMRG (Capital Markets Reconciliation Group) to ensure all discrepancies for positions/balances in various processing systems are thoroughly investigated and resolved.
• Complete monthly GL accounts attestation within the prescribed deadlines.
• As necessary, prepare respective SLIM/eGL accounting entries for all Infinity/Murex book-runners.
• Ensure desk procedures, controls and best practices are current and well documented. As required, participate in user acceptance testing for new products and system improvements.

What you need to succeed?

Must-have

• Bachelor’s Degree or equivalent (BBA / BComm / BMath / BSc) with 2 years experiences in financial industry
• High degree of accuracy, attention to detail; ability to learn quickly and problem solve.
• Work effectively and reliably under pressure with minimal supervision; team player.
• Strong organizational, interpersonal and communications skills.
• Solid PC (Microsoft Excel, Word) and analytical skills

Nice-to-have

• Knowledge of Mortgage Securitization process
• Experience/working knowledge of Mortgages/MBS & derivatives products and processing procedures
• Working knowledge of various Systems: MHUB, Slim, People Soft, Infinity/Murex, OBI, IRIS etc.
• Working to Intermediate knowledge of some programming languages such as VBA, SQL, etc.

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.

• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Opportunities to build close relationships with clients and business partners
• Access to a variety of job opportunities across business and geographies
• Gain invaluable skills that can be transferrable within the operations financial industry

Job Skills Active Learning, Adaptability, Business Appraisals, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process Improvements

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: Capital Markets

Job Type: Regular

Pay Type: Salaried

Posted Date: 2024-02-14

Application Deadline: 2024-02-29

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, 16 Feb 2024 05:24:48 GMT

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