Job Description
What is the opportunity?
As a key member of the RBC Capital Markets COO Office Trade Expense Management team, you will be responsible for analyzing, processing, and reporting on trade execution fees and other related expenses to improve cost transparency and identify savings opportunities.
Additionally, you will support the Cost Analyst team in expanding its cost savings base through process optimization and strengthening controls while contributing to budgeting and new business evaluation processes.
What will you do?
Stakeholder Engagement & Strategy
Perform business analysis and testing in relation to onboarding of new invoices or enhancements to processing of existing invoices
Partner with the Cost Analyst team to review and document existing processes, develop new processes, and recommend enhancements for process efficiencies
Contribute to business initiatives through data modelling and analysis
Become a subject matter expert on current and emerging technologies that drive value for the team
Risk, Control & Development
Focus on control and risk, providing accurate MI to senior management around aged invoices
Support control functions by monitoring vendor SLAs, managing exceptions, and performing quality assurance for the Cost Analyst team and SmartStream
Ensure completeness and accuracy of journal entries and monthly accruals
Support process improvement and automation initiatives, ensuring risk and control are integrated throughout
Develop cross-functional expertise within the team to maintain service continuity
Operations & Delivery
Oversee monthly production reporting runs ensuring reports are created and delivered on schedule
Manage all incoming change requests, prioritize development activities and coordinate weekly release cycles
Perform GL reconciliations in PEGA and ensure that all trade-execution fees received are processed within monthly timelines
Analyze international recharges and provide commentary to appropriate Business Support contacts
Prepare reports for and respond to inquiries from various parties including the trading business, product control, financial control
What you need to succeed?
Must-have
Bachelor's degree in accounting or finance, or 2-3 years of experience in Capital Markets, Securities Trading, Brokerage, or similar environment
Experience with financial control frameworks and processes
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 (including front office sales and trading, middle office, product control, back-office operations, regulatory/compliance, etc.)
Familiarity with 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 Broadridge, RIMMS, GLOSS, and EPM
Highly organized with an attention to detail and an ability to analyze information
Ability to communicate complex information clearly 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 or CFA designation
Experience working in Revport and Tableau
Intermediate to advanced level knowledge of VBA and SQL
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
#LI-KA2
Job Skills
Agile Methodology, Business Data Analysis, Business Process Modeling, Commercial Acumen, Communication, Critical Thinking, Decision Making, Group Problem Solving, Interpersonal Relationship Management, Requirements AnalysisAdditional Job Details
Address:
City:
Country:
Work hours/week:
Employment Type:
Platform:
Job Type:
Pay Type:
Posted Date:
Application Deadline:
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.
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.
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.