Company

View other RBC - Royal Bank offersSee more

addressAddressToronto, ON
type Form of work• Full time
CategoryBanking

Job description

Job Summary

The role will entail directly supporting the front office Securities Lending desk whom is responsible for market execution with borrowers, maximizing profitability within the existing products and identifying revenue opportunities for our lending clients. The Intern will be involved in the day-to-day dealings with operations and front office personnel developing a thorough understanding and appreciation of the role Securities Lending plays in the financial industry

Job Description

BAU responsibilities

  • Monitoring the daily recall process with borrowers and escalating any issues to the traders while working with the Service Delivery team in ensuring client sales are covered
  • Monitor term report to ensure we are onside, and escalating to SL desk if there is a term loan shortfall with clients & borrowers
  • Update the daily Pricing file (data file from IHS Markit) before market open
  • Prepare daily push lists for both fixed income and equities prior to market open
  • Produce ad hoc reports via Accessdatabase for analysis and revenue opportunities
  • Agree new loan transactions with approved borrowers within the boundaries of our legal agreements and approved credit limits and policies
  • Run re-rate tool and negotiate pricing on existing loans
  • Investigate and resolved any trade discrepancies and contract compare breaks
  • Review specials lists and help mine our custody clients assets listing for revenue opportunities

Project Work

  • Create weekly/bi-weekly recap of outliers in order to help target borrowers or specific asset classes and identify trends
  • Help to create efficiencies and streamline our processes including automating our inventory push lists
  • Collating competitor insights and information
  • Supporting SL Lender and Product Management with projects the business deems as a priority

Learning and Development opportunities

  • Further understanding of financial markets, trading strategies and the Securities Lending industry
  • This role crosses paths with many other areas of RBC IS; Client operations, Client Coverage, Collateral and mid-office support groups where additional experience can be gained.

Must-haves

Behavioural skill-set

  • Strong numeracy and analytical skills
  • High attention to detail and accuracy
  • Self-starter and a proactive disposition
  • Ability to excel in a stressful environment, properly prioritize and manage several competing initiatives / responsibilities while meeting firm deadlines
  • Innovative thinking
  • Demonstrated strategic team player

Technical skills-set

  • Familiarity/ in depth knowledge of Custody or Securities Finance Business
  • Strong system abilities - Excel, PowerPoint, Access, Bloomberg,
  • Solid understanding of economic concepts with ability to learn applied financial concepts on the role

Job Skills

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Wealth Management

Job Type:

Student/Coop (Fixed Term)

Pay Type:

Salaried

Posted Date:

2024-01-16

Application Deadline:

2024-02-04

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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Refer code: 2039933. View other RBC - Royal Bank offers - The previous day - 2024-01-17 15:07

View other RBC - Royal Bank offers

Toronto, ON

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