Job Description
What is the opportunity?
You will be 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, you will in an efficient / effective cross-functional shared service, ensure timely reconciliations, loss prevention and risk mitigation as prescribed by Bank’s Standards and Procedures.
All responsibilities carried out in accordance with Code of Conduct, RBC Values, Standing Orders, and CM Reconciliations Policies and Standards.
What will you do?
Reconcile 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 process
Ensure daily/monthly data feeds are received on time, with proper follow up conducted for missing/incorrect information e.g. IT incidents tickets raised
Apply 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 accounts
Support the process of creating, updating and maintaining SOPs and demonstrate strong ability to understand and apply those procedures while strictly adhering to policies and regulatory requirements
Have a good understanding of the operational controls and how they apply to the reconciliation processing
Display good judgment, decision-making skills and demonstrates a strong knowledge of the products, transactional flows and accounting related to the Client Groups supported.
Recognize that accuracy is key to 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 (automating processes)
Identify service gaps provided to client groups and makes suggestions to management for improvement
Be responsible for personal development and cross-training coordination; participation as identified through ongoing business and/or department needs analysis.
Have the capability of supporting the reconciliation processes within the team’s scope including all month end and stand-alone processes.
Demonstrate flexibility to assume project work outside of the general reconciliation process as determined by management
Assist with administrative duties such as sorting mail, faxes, scanning documents and emails
What you need to succeed?
University degree or College Diploma in Business, Finance or Economics; or any equivalent combination of qualifications and/or experience
1+ years in a Capital Markets role and/or reconciliation based role
Good understanding of Capital Market Products and transactional/accounting flows
Solid knowledge of Reconciliation Procedures.
Solid knowledge of key reconciliation systems and Back-Office systems e.g. Broadridge, OnDemand, JEFE, CDS, DTCC.
Demonstrate analytical and problem solving skills
Strong organizational and time management skills
Teamwork and Co-Operation
Good interpersonal skills, tact and diplomacy
Computer literacy – ie. Knowledge of PC’s and Microsoft – related software
Demonstrate flexibility to cross train
*Flexible to work occasional Statutory Holidays*
*Flexible to work overtime as required*
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
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, Communication, Critical Thinking, Customer Service, Operational Delivery, Process Improvements, Time ManagementAdditional Job Details
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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.