Stock Loan Operations Analyst

Job Summary

Responsible for daily Equity and Fixed Income Stock Loan Settlements. This includes all Stock Loan clearance activity, mark to markets and pledge activity. Heavy interaction with Securities Lending front office and RBC counterparties. Prepare internal reports and balance all settlement activity. Reconcile daily activity between APEX, Broadridge, CDS and DTC. Issue and recall letters on open borrows and loans. Process Corp. Action activity and interface with Corp. Actions in Toronto.

Job Description

What is this opportunity?

Are you looking for an exciting opportunity to become a part of a dynamic team? Are you self-motivated and thrive in a fast paced environment? As an Operations Analyst, you will be responsible for providing exceptional support to clients and trading partners through the daily settlement of Securities Lending deals. As part of our Business and Client Services department you will contribute to a center-of-excellence to help drive operational efficiencies and improve future scalability.

What will you do?

• Process and monitor borrows and loans of bond and equity securities with counterparties to ensure intraday settlement
• Work with counterparties and trading desks to resolve trade disputes and settlement issues
• Process and settle cash related to daily mark to market on outstanding deals
• Perform reconciliations and manage breaks internally and with trading partners
• Assist with providing borrow locate numbers for short selling
• Issue recall letters on instructions from Sales and Trading desk.
• Interface with Securities Lending Sales desk
• Adjust outstanding contracts for dividend and reorg activity
• Implement and support process improvements to assist with Straight Through Processing initiatives
• Settle JPM/BoNY Tri-party activity
  
  

What do you need to succeed?

• Previous experience with back office Operations and interaction with traders preferred
• Strong MS Office skills – Word, Outlook, Excel and PowerPoint
• Post-secondary degree, preferable in a business related field
• Excellent communication skills, both oral and written
• Ability to multi-task and prioritize in a time-sensitive environment
• Knowledge of trade settlements and/or the trade lifecycle.
• Experience with ADP/Broadridge, CDS related functions an asset
• Leadership acumen and a passion to apply it in a dynamic business environment
• Analytical thinking
  
  

What’s in it for you?

• Opportunity to be part of a critical team and work closely with team-oriented professionals across the globe
• Career-defining opportunities to build upon your dynamic critical thinking and interpersonal skills
• Comprehensive compensation including performance bonus, vacation days, flexible healthcare benefits
• A collaborative culture that recognizes innovative business ideas
• Access to a variety of job opportunities across business and geographies
  
  

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 succeed. We care about each other, reaching our potential, making a difference to our communities and achieving success that is mutual.

Job Skills

Active Learning, Analytical Thinking, Business, Capital Markets, Communication, Critical Thinking, Customer Service, Multitasking, Process Improvements, Stress Management, Technologically Savvy, Time Management

Additional Job Details

Address:

90 WESTERN PKY:BEDFORD

City:

BEDFORD

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-11-19

Application Deadline:

2024-12-03

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 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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