Job Description

Job Summary Manager FX Settlements and Confirmations

To manage and lead a team of 2 based in Halifax , NS , ensuring the group runs efficiently and in a controlled manner

To drive continuous change and improvement keeping FX Settlements abreast of regulatory changes and market standard changes in all relevant jurisdictions

To ensure a consistent and standardized FX Settlements model that is aligned to the Business and Client Services target operating strategy

Is responsible for delivery of the change management strategy within FX Settlements




































Managerial Excellence:

• Work to recruit, retain , develop high caliber and diverse candidates
• Ensure that all direct reports receive 1 formal annual performance review, 1 mid year check point discussion and continuous feedback during the course of the year
• Ensure all employees are provided with adequate training and tools and that all mandatory training is completed within required time frames
• Develop and communicate measurable goals and objectives for direct reports ensuring they are aligned to the business and that they are reviewed on quarterly basis
• Drive performance management, support career development and reward strong performance
• Proactively manage poor performers by providing ongoing coaching, mentoring and regular assessments
• Ensure that employees understand RBC vision, as well as support and reinforce targeted behaviours that contribute to RBC goals and Leadership Model
• Accept and successfully execute change while supporting employees through the process, and keeping them focused on business priorities
• Leverage the value in unit, department, and enterprise wide teams to develop better solutions and achieve a cross enterprise mindset

Controls and Business Process Improvement:

• To align to the Global FX/MM Settlements Target operating Model from a functional perspective and to the FX businesses from a regional service provision perspective
• To manage the governance and control for FX Settlements, ensuring all breaches are escalated to Senior Management in a timely manner
• Ensure satisfactory audit ratings are achieved and issues are closed in a timely and efficient manner and in accordance with established guidelines and regulations
• Define and update Business Process Flows, SOX packages and Control Inventory (s)
• Maximise workflow efficiency, minimise errors and actively introduce solutions to improve business process flows and mitigate operational risk
• Root cause analysis of errors, implementing change to mitigate in the future
• To act as project lead, define and implement new business requirements
• To ensure sufficient controls are in place to sign off on reportees attestation, in accordance with the global RBC attestation policy
• Review and provide business sign off for User Acceptance Testing
• Ensure compliance with policies, procedures, RBC Standing Orders and regulatory requirements Payment Verifiers must ensure they understand and abide by the Payment Risk Standing Order at all times, ensuring the following; all payments have a justifiable business reason as to why the payment is required to be made, all payments will utilise a settlement instruction record when there is potential for a re-occurring payment to be made, all settlement instructions must be appropriately authenticated, all payments/ settlement authentication and/or settlement instruction records must adhere to the Segregation of duties requirements.

Client Service:

• Act as a primary liaison person between front office and other operational support functions
• Provide best in class Client Service by delivering a professional and superior service

Regulatory:

• Ensure RBC is compliant with regulatory requirements and obligations
• Ongoing adherence and review of Industry codes and best practices

Key relationships:

• Business and Client Services Leadership team and other relevant global Business and Client Service groups
• External Service Providers, market participants and buy side clients
• Quantitative and Technology Services, Client and Data Management Group, Finance, Global Markets businesses, Legal and Compliance, Group Risk Management

Education and Experience requirement: Required:

• Extensive operational experience in an investment banking environment (4 to 7 years)
• Proven Managerial Excellence and Change Leadership
• Proven ability to lead under pressure and deliver
• Demonstrated leadership ability
• Extensive knowledge of Industry Codes, Best Practices, International Payment and Compensation rules
• In depth understanding of FX trade life cycle events and process flows
• In depth understanding of operational risks, impacts, assess and implement preventative and mitigating controls
• In depth understanding of RBC Internal Trading, Sub and General ledger platforms, the core principles of accounting rules and the downstream impact to the Balance Sheet

Preferred:

• Post-secondary education or equivalent

Technical abilities:

• The ability to perform analysis of business processes and implement change as appropriate
• Thorough understanding of key operational controls and associated risks
• High degree of PC literacy and system capabilities

Job Skills Ability to Work Under Pressure, Attention to Accuracy, Decision Making, Effectiveness Measurement, Interpersonal Relationship Management, Long Term Planning, Operational Delivery, Performance Management (PM), Problem Solving, Process Management, Project Management Additional Job Details




































Address: 120 WESTERN PKY:BEDFORD




































City: BEDFORD




































Country: Canada




































Work hours/week: 37.5




































Employment Type: Full time




































Platform:




































Job Type: Regular




































Pay Type: Salaried




































Posted Date: 2023-11-10




































Application Deadline: 2023-11-24







































































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.




































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 at jobs.rbc.com.