Associate Director – Buy-Ins & Fail Control
City : TORONTO, Ontario, Canada
Category : Operations
Industry : Financial/Banking
Employer : RBC
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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
Job Description
What is the opportunity?
As an Associate Director, Buy-Ins & Fail Control you be assuming responsibility for all Equity & Fixed Income buy-in processes as well as control functions related to failing transactions across our Settlement and Clearing Services area. You will be leading a diverse team of operations professionals while ensuring these processes operate efficiently, in a controlled manner, and in alignment with the goals and objectives of Business and Client Services, and RBC Capital Markets. Your mandate will be accountable for driving change and making continuous improvements while staying informed, and abiding by, regulatory, compliance, and business imperatives.
What will you do?
Ensure that the department adheres to the relevant standing orders and operational procedures including escalation.
Work to prevent, to detect, and to eliminate the potential for risk and liability to the firm.
Manage area risks associated with failing transactions and buy-ins through adherence to controls and effective escalation.
Ensure that staff are fully aware of their mandates, receive proper training and execute their duties in accordance with Standing Orders and Unit Financial Controls.
Help establish vision and goals within the Buy-ins & Fail Control team, driving high performance management, supporting staff career development and rewarding strong performance.
Frequent collaboration with Settlements, Compliance, Finance, IT, Business partners related to issue resolution as well as internal/external initiatives.
Will work closely with the front office, internal partners, and key stakeholders to ensure support groups meet the existing and future requirements of the business.
Manage projects within the department that require specialized business and operational knowledge; act as key liaison with other areas of RBCCM/RBFG.
Will be accountable for providing input, and managing to, departmental budget objectives.
What do you need to succeed?
Must-have
Ability to work independently, within regional and global reporting lines.
Must be an effective communicator, comfortable with interacting and presenting to executive level management as required.
5 years+ of proven management experience within a broker dealer back-office environment including exposure to the securities settlements, buy-in and clearing areas.
University degree.
Experienced people manager with a track record of developing talent.
Strong awareness of operational risk and a mind-set towards maintaining and improving control frameworks.
Must be comfortable with leading and promoting change.
Nice-to-have
Fluency in French
Experience with Broadridge back-office services such as BPS, ICI, Gloss
Knowledge of and experience with adherence to US SEC regulation SHO specifically related to buy-ins/close-outs.
Experience with DTCC and CDS related activities.
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.
A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
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
A world-class training program in financial services
Flexible working options fully supported.
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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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