Senior Associate Trade Support

What is the opportunity?

To assist trading desk globally in all functions of Fixed Income trading, specifically Government and Agency bonds. Support revenue generation, ensure cost effectiveness, ensure operational/administrative effectiveness, and ensure compliance to industry wide-conventions, rules and regulations.

What will you do?

• Act as liaison for the trading desk on any trade or settlement related issue.
• Monitor and ensure the timeliness of trade bookings and matching to minimize trading/operational and
• settlement risks
• Responsible for the timely resolution of all breaks between front and back-off trade capture systems.
• Submit bids to the FED on behalf of the Rates trading desk during FED operations via TAAPS or Fed-Trade
• terminal including NPL calculation and process documentation.
• Liaise with the Repo desk when required for funding related issues.
• Real time reconciliation of trade submitted to GSCC.
• Trade execution.
• Encourage accurate TRACE reporting and assist with problem resolution and metrics.
• Compare and confirm voice trades with both internal and external counterparties.
• Monitor and resolve various error queues to ensure proper trade flow to the bank depository.
• Create and maintain analytical reports for trading desk, risk management and compliance.
• Perform UAT testing for new products/trade flows as needed.
• Investigate P&L discrepancies and breaks.
• Manage and ABS & CMBS trade support functions.
• Process MBS margin calls, ensure proper TBA trade matching and netting.
• Allocate MBS trades for RBC's QSG desk as well as one correspondent client.

What you need to succeed?

• Trade support , reconciliation, or equivalent operations experience
• Knowledge of UST securities/treasury auction process
• Working experience with Broadridge ICI, Bloomberg, TAAPS, TRACE
• Series 7, 63, 99 or the ability to obtain.
• Proficient in Microsoft Office
• Team player with strong communication skills.
• Detailed oriented.
• Knowledge of Fixed Income products and settlements
• Able to work in fast paced trading floor environment.

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

The good-faith expected salary range for the above position is $85k-$95k depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs.This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC's high performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above