Funding Analyst

Job Description

Come Work with Us!
At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.
Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

Funding Analyst

Job Description

• PRIMARY RESPONSIBILITIES
  Responsible for following established guidelines and identifying and resolving problems. Individuals at this level are expected to use some independence of thought but to refer more complex problems to supervisors or other experts. Individuals would be expected to contribute to work flow or process change and redesign, and to form a strong basic understanding of the specific function. May also be accountable for regular reporting or process administration as "owner". Daily funding & related accounting for the RBC CM LLC broker-dealer.
  - Daily funding & related accounting for other RBC affiliated entities.
  - Daily interest allocations for RBC affiliated entities. PROPRIETARY FUNDING RESPONSIBILITIES:
  • Daily funding across select proprietary 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 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

Job Summary

RBC is seeking a detail oriented individual who is eager to learn to join their US Funding & Cash Management team.

Address:

Jersey City, New Jersey, United States of America

City:

USA-NJ-JERSEY CITY

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

Capital Markets

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2022-08-31-07:00

Application Deadline:

2022-09-06-07:00

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.
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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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