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Job Description
What is the opportunity?
This is a unique 12-16 month opportunity to join the Securities Lending Desk as both a trading team member and an innovation driver. The role entails directly supporting the Desk who is responsible for market execution with borrowers, maximizing profitability within existing products, and identifying revenue opportunities for our lending clients, while spearheading automation and modernization initiatives that directly impacts our business. This role offers the rare combination of hands-on market experience and the autonomy to identify and solve operational challenges through technology and process improvement.
Tasks and Responsibilities:
BAU responsibilities (Trading)
Execute securities lending transactions with approved borrowers within the boundaries of our legal agreements and approved credit limits and policies
Monitor 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
Update the daily Pricing file (data file from S&P Markit) before market open
Prepare daily push lists for both fixed income and equities prior to market open
Produce ad hoc reports for analysis and revenue opportunities
Run re-rate tool and renegotiate 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 (Automation & Innovation)
Assess current desk operations to identify inefficiencies, manual bottlenecks, and areas ripe for automation
Explore and prototype applications of AI and machine learning to enhance desk efficiency, decision-making, and client service
Evaluate and modernize legacy automation tools hosted on Excel macros, replacing them with robust, maintainable solutions
Develop solutions to streamline manual operations such as borrower locates, loan recall communication and tracking, settlement workflows, and lending program rule maintenance.
Learning and Development opportunities
Further understanding of financial markets, trading strategies and the securities lending industry
Implement theoretical programming and AI knowledge into a fast-paced sales and trading environment.
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.
Required Skills:
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 skill-set
Familiarity/ in depth knowledge of Custody or Securities Finance Business
Strong programming abilities – Python, VBA, SQL,
Proactive AI learner and adopter
Strong system abilities – Excel, PowerPoint, Access, Bloomberg
Solid understanding of economic concepts with ability to learn applied financial concepts on the role
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.
Excellent exposure to communicate with various business partners and stakeholders in Investor Services and within other platforms as appropriate
Working with an exciting, close-knit, supportive & dynamic group and
Opportunity to collaborate with other business segments within the bank
Job Skills
Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Personal Initiative
Additional Job Details
Address:
RBC CENTRE, 155 WELLINGTON ST W: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:
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