Settlement & Brokerage Cost Analyst

Job Description

What is the opportunity? The role will work within the Capital Markets, BCS, Business Management, Trade Expense Management team and be responsible for the timely and efficient processing of all 3rd Party Trade Execution Invoices through the implemented The role will work within the Capital Markets, BCS, Business Management, Trade Expense Management team and be responsible for the timely and efficient processing of all 3rd Party Trade Execution Invoices through the implemented global central utility (REVPORT).

The incumbent will work closely with the Control and Governance and Business Support Functions within the team to ensure full coverage of Trade Execution invoices are processed through the system in as effective manner as possible to ensure compliance with internal and external regulation and standing orders and to additionally ensure maximum detail and transparency is made available to the business What will you do?

• Monitor incoming mail for assigned invoices and contact vendors when expected invoices have not been received
• Reconcile invoices and calculate internal business allocations following business agreed methodology
• Investigate reconciliation discrepancies and coordinate resolution with vendor and trading business
• Document variances to best practice and provide to team lead for approval
• Prepare allocation templates and post to financial systems
• Arrange vendor payment through accounts payable or manual payment
• Manage special financial scenarios : accruals, prepayments, journals, etc. Prepare reports for and respond to inquiries from various parties including the trading business, product control, financial control
• Perform cost analysis identifying material trends and drivers and / or opportunities for savings Perform business analysis and testing in relation to onboarding of new invoices or enhancements to processing of existing invoices
• Work on assigned projects in the areas of process improvement and automation

What you need to succeed? Must-have

• BBA / BComm / BSc / BA or 5+ years’ experience in a technology / financial services environment
• 2-3 years experience working in a Capital Markets, Securities Trading, Brokerage or similar environment
• Knowledge of global providers of 3rd party trade execution services including Brokers, Exchanges, Clearing and Settlement Agents, Securities Depositories, Custodians, and Regulators
• Understanding of RBC Capital Markets organizational structure (front office sales and trading, middle office, product control, back-office operations, regulatory / compliance, etc.)
• Understanding of RBC Capital Markets products and their associated supporting systems in use within the organization. Fixed Income, Money Markets, Equities, Derivatives, etc.)
• Understanding of RBC Capital Markets accounting procedures and systems including RIMMS, GLOSS, and EPM
• Highly organized with an attention to detail and an ability to analyze information
• Ability to communicate information to trading business and senior management
• Comfortable with adhering to deliverables in a fast-paced, dynamic environment
• Intermediate to advanced level knowledge of Excel

Nice-to-have

• CPA / CFA
• Experience working in Revport and Qlikview considered an asset
• Intermediate to advanced level knowledge of VBA and SQL.

What’s in it for you?

• 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 Active Learning, Adaptability, Capital Markets, Customer Service, Decision Making, Interpersonal Relationship Management, Invoices, Operational Delivery, Process Improvements, Quality Management, Reconciliations, Time Management Additional Job Details

Address :

1597 BEDFORD HWY : HALIFAX

City : HALIFAX

HALIFAX

Country : Canada

Canada

Work hours / week : 37.5

37.5

Employment Type : Full time

Full time

Platform : Capital Markets

Capital Markets

Job Type : Regular

Regular

Pay Type : Salaried

Salaried

Posted Date : 2024-04-29

2024-04-29

Application Deadline :

2024-05-14

I nclusion 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.

Join our Talent Community

Stay 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 jobs.rbc.com.