Junior Clearing Analyst, Business Client Services London, England
Job description
Come Work with Us!
At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.
Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.
Job Title
Job Description
What is the Opportunity?
The Clearing team purpose is to ensure accurate allocation of house and client trades across Global Exchanges within time frames. You will be responsible for position management and post- trade activities including option deliveries, futures settlements, physical deliveries & Exchange recs.
What will you do?
To process clearing of Futures and Options across all Global exchanges along with post trade events and physical deliveries
Ensure all market facing reconciliations and relevant checklists are updated after completing daily tasks and adhere to RBC clearing processes and procedures
Timely reporting of all exchange file requirements for position maintenance and Regulatory reporting obligations.
Proactive monitoring of all trades executed with internal and external parties to ensure timely settlement at the correct counterpart
Ensuring that Straight-Through Processing occurs, remediating any exception queues or static requirements which prevents STP from occurring. Root-cause analysis into any clearing exceptions identified by the reconciliations team, ensuring reoccurrence of breaks does not occur
Ensure the efficient and timely escalation to senior management of all potential issues on T and T+1 Perform UAT for Vendor or exchange software or hardware upgrades, development or technical process changes in coordination with the Solutions Team
What do you need to succeed?
Must have:
Brief knowledge of major Exchange and CCP systems
An understanding of the workings of Futures and Options markets, associated operational flows and risks gained from experience with a recognised market participant
Detailed knowledge of CCP BAU practices, adhoc events and associated rules and deadlines
Basic knowledge of one or more regulatory regimes, including CASS, Transaction Reporting, MiFID II, EMIR
Educated to A level standard or equivalent.
What is 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, flexible benefits and competitive compensation
Leaders who support your development through coaching and managing opportunities
Opportunities to work with the best in the field
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
A world-class training program in financial services
Flexible working options fully supported.
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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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