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Experience:
5+ years of experience
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Employment Type:
Part time
Posted:
2/12/2016
Job Category:
Administration
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Associate, Physical Settlements
RBC | Jersey City, New Jersey
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Job Description

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PURPOSE

 

Physical Settlements

  • Settle/Clear Trades - Physical Receive & Deliver (via NSCC Envelope Settlement System and Over-The-Window)
  • Balance NSCC -end of day' settlement
  • Maintain R&D Overnight Box
  • Process free receives from RBC NY Branch
  • Provide support of internal clients and liaise, when necessary, with counterparties and other operational departments in performance of above.
  • Work is performed with clearly defined parameters and includes specialized training.
  • Exceptions to processing are reviewed with Supervisor or Manager to ensure overall compliance with accepted business practices and policies.

 

 

 
PRIMARY RESPONSIBILITIES

 

  • Perform any of the daily functions so that all departmental responsibilities are completed within given time parameters and established deadlines.
  • Interface and support various business lines to help manage Fails and exposure to the firm.
  • Interact directly with other internal operational departments
  • Interact directly with operational staff of correspondent firms and trade counterparties
  • Respond to internal and external inquiries.
  • Process routine transactions.
  • Verify and input information/data into computer files, databases, or systems.
  • Route escalated questions to the appropriate resources following established departmental policies.
  • Understand department procedures and abide by Rules, Regulations and Processes of the firm.
  • Understand system dependencies and processes.
  • Mitigate risk and cost to the firm by suggesting process changes and modifications to internal procedures and daily workflow.
  • Requires the ability to follow general instructions in the completion of multiple procedures.  May require familiarity with procedures in other areas.

 

 

 

 

 

 

POSITION REQUIREMENTS/SPECIFICATIONS (competencies, technical skills, education and experience)

 

Required

  • Education - B.A. or B.S
  • Minimum 3 - 5 years R&D (Receive & Deliver) experience and overall understanding of Back Office Operations.
  • Strong working knowledge and experience with
  • Receive & Deliver functionality
  • Broadridge BPS and CAGE III systems/functionality
  • DTCC PTS/PBS functions
  • Ability to research and resolve Stock Record breaks and Money differences.
  • Strong time management skills - Ability to meet strict deadlines; handle multiple priorities in a fast paced, pressured environment.
  • Detail oriented team player.
  • Strong communication skills - able to work effectively with variety of personalities.
  • Proficiency with Microsoft Office applications (on Windows-based computer).
  • Willingness to learn and perform functions outside the normal Physical Settlements space (cross train with Corporate Actions/Sophis Operations team).

 

Preferred

  • Understanding and experience with Physical Settlements (R&D)
    • NSCC Envelope Settlement System
    • Over the Window Receive & Deliver
    • Manual ACAT reversals
  • Understanding of -Good Delivery'/ Negotiability.

 

 

 

 

About RBC
Royal Bank of Canada is Canada's largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We employ approximately 78,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 39 other countries. For more information, please visit rbc.com.


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Diversity and Equal Opportunity Employment
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status or any other legally-protected factors.

 

 

JOB SUMMARY

City:  Jersey City 
Address:  30 Hudson Street 
Work Hours/Week:  40+ 
Work Environment:  Office 
Employment Type:  Permanent 
Career Level:  Experienced Hire/Professional 
Pay Type:  Salaried 
Required Travel (%):  0-25 
Exempt/Non-Exempt:  Exempt 
People Manager:  No 
Job Posting End Date:  06/30/2016 
Req ID:  107000

Posting Notes:  None

About RBC

Regal Beloit Corporation is a global manufacturer of commercial and industrial electric motors, heating, ventilation and air conditioning (HVAC) electric motors, electric generators and controls, and mechanical motion control products. It sells its products to a diverse global customer base using more than 20 brand names through a multi-channel distribution model to original equipment manufacturers (OEMs), distributors and end users across many markets. It manufactures and markets electrical and mechanical products. Its electrical products include HVAC motors, a line of alternating current (AC) and direct current (DC) commercial and industrial electric motors, electric generators and controls, capacitors and electrical connecting devices. Its mechanical products include gears and gearboxes, marine transmissions, high- performance automotive transmissions and ring and pinions and manual valve actuators. In November 2007, the Company acquired Alstom's motors and fans business in India.

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