UST/MBS Trade Support Analyst

3 weeks ago

New York, New York, United States Royal Bank of Canada Full time

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

UST/MBS Trade Support Analyst

Job Description

  • What will you do?
  • Act as liaison for the trading desk on any trade or settlement related issue
  • Monitor and ensure the timeliness of trade bookings and matching to minimize trading/operational and settlement risks
  • Responsible for the timely resolution of all breaks between front and back-off trade capture systems
  • Submit bids to the FED on behalf if the Rates trading desk during FED operations via TAAPS or Fed-Trade terminal including NPL calculation and process documentation
  • Liaise with the Repo desk when required for funding related issues
  • Real time reconciliation of trade submitted to GSCC / FICC
  • Resolve inter-company breaks on desk to desk trade execution
  • Encourage accurate TRACE reporting and assist with problem resolution and metrics
  • Compare and confirm voice trades with both internal and external counterparties
  • Monitor and resolve various error queues to ensure proper trade flow to the bank depository
  • Create and maintain analytical reports for trading desk, risk management and compliance
  • Perform UAT testing for new products/trade flows as needed
  • Investigate P&L discrepancies and breaks
  • Allocate mortgage pools to TBA commitments
  • Net TBA's and pool trades on MBS Expert and all other external systems
  • Issue and process MBS margin calls

What do you need to succeed?

  • Minimum 3 years of trade support or equivalent operations experience
  • Solid understanding of US Treasury, MBS, and ABS securities
  • Treasury related auction experience
  • Solid experience with following systems: Broadridge ICI, Bloomberg
  • Series 7, 63, 99
  • Other Required Qualifications:
  • Proficient in Microsoft Office
  • Team player with strong communication skills.
  • Detailed oriented.
  • Knowledge of Fixed Income products and settlements
  • Able to work in fast paced trading floor environment.
  • Trading Floor environment
  • Typical hours 7:00 am to 5:30 pm
  • 100% Fixed Income Trade Support- Rates and MBS/ABS

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.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
  • Leaders who support your development through coaching and managing opportunities
  • Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • Opportunities to do challenging work
  • Opportunities to building close relationships with clients

The good-faith expected salary range for the above position is $70,000 - $ depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

· Drives RBC's high performance culture

· Enables collective achievement of our strategic goals

· Generates sustainable shareholder returns and above market shareholder value

Job Summary

What is the Opportunity?
To assist trading desk globally in all functions of Fixed Income trading, specifically Treasuries and MBS/ABS securities. Support revenue generation, ensure cost effectiveness, ensure operational/administrative effectiveness and ensure compliance to industry wide-conventions, rules and regulations

Address:

New York, New York, United States of America

City:

USA-NY-NEW YORK

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

Capital Markets

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

:00

Application Deadline:

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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