Analyst - Funding Operations

Overview

Job Description

What is the opportunity? Collects, identifies, analyzes and interprets business data using various techniques to meet the organization's business needs and requirements. Applies experience and seasoned knowledge, skills, and practices to perform a variety of assignments.

PRINCIPAL RESPONSIBILITIES

• Fully knowledgeable on the day to day activities of a product or process and acts as an effective layer of escalation for junior or less experienced staff on complex issues.
• Knows when to escalate and does so appropriately.
• May have oversight of a team of junior staff to ensure all daily responsibilities are completed.
• Holds technical expertise and is known inside and outside of immediate Ops team as subject matter expert.
• Develops and harnesses ideas for process improvement; understands core business or regulatory reason for function; thoughtful about risk and performance metrics for team.
• May be responsible for various projects to improve efficiencies. Has a clear understanding of the firm’s different businesses.

CAPITAL MARKETS LLC/BROKER DEALER FUNDING RESPONSIBILITIES:

• Daily funding of firm bank accounts*
• Responsible for timely deposits to/from 15C3-3 accounts.
• Responsible for intraday liquidity monitoring and reporting.
• Responsible for timely deposits to various Clearing Organizations
• Planning and coordinating with other groups to meet funding needs
• Syndicate Operations – to determine need for day loans in order to intra-day finance new issues underwritten by RBC.
• Treasury Clearance – as a conduit to the Repo Desk to raise or reduce cash as needed.
• Foreign Settlements – To forecast key cash needs for all US Dollar securities settling overseas.
• Stock Loan Desk – To determine their use of funds to enable accurate forecasting
• Repo Desk – As the group responsible for raising or laying off funds, we need to work with the Repo Desk throughout the day.
• Affiliated legal entities for their daily settlement versus the Broker Dealer

AFFILIATE FUNDING RESPONSIBILITIES:

• Daily funding across select entities engaging in below products types/activities:
• Equities, Fixed Income & Derivative (both Listed & OTC)
• Stock Loan/Stock Borrow
• Repo/Reverse Repo
• Overnight and Term Loans
• Various miscellaneous payments/receipts as provided internally from Product Control/Financial Control
• Book and track overnight and term loans
• Daily bank reconciliations for proprietary trading entities
• Manage related bank accounts to ensure proper funding daily - approx 10-15 bank accounts (USD & Multi-CCY) in our control currently
• Projecting future settlements and other funding needs
• Provide the forecasts to appropriate MM Desks throughout Toronto and London to ensure proper coordination.
• Daily reconciliation of funding suspense accounts
• Wire processing and approvals through various internal system and banking portals

ACCOUNTING RESPONSIBILITIES:

• Post daily accruals & cash flow activity to multiple GL’s. Includes accruals on Bank Loans, Stock Loan/Borrow, Repo/Reverse Repo, & Custodian Cash Balances
• Process the Cost of Carry function across multiple trading units.
• Monthly reconciliation & Attestation for all Cash, Loan, & Accrual GL accounts
• Assist Product Control with P&L/Carry related issues whenever possible.
• Assist Financial Control with monthly reconciliation issues
• Prepare month-end reporting for Home Office/Financial Control

Basic Qualifications

• This role typically requires some functional and industry experience and/or expertise, as they are expected to be subject area experts in one (or more) specific skill sets, business areas or products.
• Requires a level of maturity and ability to form relationships across the Firm to do things the RBC way (e.g., focuses on "How" and "what").
• Typically requires at least 4 years of relevant industry and operations experience, expertise and relationships.
• Undergraduate Degree in related field of study i.e. Finance, Accounting, Mathematics, Business Management, Economics.

Other

Required Qualifications:

Advanced knowledge of the following concepts through prior experience or college coursework is preferred:

PRODUCT KNOWLEDGE

• Equity, Fixed Income, and Derivative products &…