Reconciliation Associate, Operations

Job Description

What is the opportunity?

To be part of the Operations Control team as a Reconciliation Associate. This team is accountable for reconciling cash balances, transactions, positions (stock and listed derivatives), and intra-system positions.

We provide value by investigating and timely resolving differences, producing reconciliation reporting, and recommending and implementing operational improvements.

RBC's expectation is that all employees and contractors will work in the office with some flexibility to work up to 1 day per week remotely, depending on working arrangements.

What will you do?

• Perform daily reconciliations of cash, positions, and transactions between internal data and external parties, including custodians, clearing agents, and prime brokers, adhering to established timelines.

• Identify and manage discretionary system improvements to increase efficiency and mitigate risk.

• Work closely with external vendors to understand trade flow requirements, bank ledger postings, and cash payment deadlines.

• Assist in resolving position issues raised by Investment Teams or Finance, investigating as necessary to identify the root cause.

• Collaborate with internal teams to support the full client lifecycle, starting with fund onboarding.

• Review daily processes to identify and address any trends or concerns with breaks.

• Taking full ownership, demonstrating awareness of system upgrades, enhancements, and potential regulatory breaches.

• Contribute to ad-hoc and scheduled projects as we migrate to new platforms, driving process improvements.

What do you need to succeed?

Must-have

• Experience in a Reconciliation Analyst role or similar position within the financial services industry, with a particular focus on cash and stock reconciliations preferred.

• Prior use of reconciliation systems such as SmartStream TLM, Intellimatch, Broadridge, or similar tools.

• Ability to operate within a control framework under time sensitive deadlines.

• Strong organisational skills.

• Good communication and analytical skills, with a keen attention to detail.

• A proactive mindset focused on continuous improvement and process enhancements.

• Demonstrated ability to work effectively both independently and as part of a team, taking ownership of assigned tasks.

Nice-to-have

• Familiarity with exposure reconciliation through Tri-Resolve.

• Experience with EMIR portfolio reconciliation.

• Knowledge of fixed-income assets and derivative products.

• Working knowledge of MT535/MT940/MT950 SWIFT messages and custodian flat files used for reconciliation. Experience with MX message base is advantageous.

What is 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.

• Leaders who support your development through coaching and managing opportunities.

• Opportunities to work with the best in the field.

• Ability to make a difference and lasting impact.

• Work in a dynamic, collaborative, progressive, and high-performing team.

Agency Notice

RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.

Job Skills

Active Learning, Adaptability, Business Appraisals, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process Improvements

Additional Job Details

Address:

100 BISHOPSGATE:LONDON

City:

London

Country:

United Kingdom

Work hours/week:

Employment Type:

Full time

Platform:

WEALTH MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

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 believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

Join our Talent Community

Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.

Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities

---