Reconciliations Analyst

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The Operations Control team are accountable for reconciling cash balances, transactions, positions (stock and listed derivatives) and intra-system positions. Providing value by investigating and timely resolving differences, producing reconciliation reporting, recommending and implementing operational improvements to ensure efficient and accurate processes across the business to minimize risk.

What will you do?

• Reconciliation of cash, positions and transactions between internal data and external parties including custodian, clearing agents and prime brokers within established timelines.
• Identify and manage any discretionary system enhancements.
• Working closely with external vendors to understand key trade flow requirements, bank ledger postings and cash payment deadlines.
• Assist in resolving any position issues raised by the Investment Teams or Finance and investigating as necessary to identify the root cause.
• Work with internal teams to support the full client lifecycle beginning with fund onboarding.
• Review daily processes to identify and address any trends or concerns with breaks.
• Taking full ownership demonstrating awareness of any system upgrades and enhancements, and any potential regulatory breaches.
• Ad-hoc and scheduled project work as we progress to new platforms.

What do you need to succeed?

Must-have

• Experience performing cash and stock reconciliations in a prior role.
• Prior use of Smartstream TLM, Intellimatch, Broadridge or similar.
• Ability to operate within a control framework under time sensitive deadlines.
• You are able to prioritise and balance multiple requests, showing knowledge to escalate when necessary.
• Good communicator with strong analytical skills.
• Desire to seek continuous improvements and enhancements.
• Work effectively as part of a team or on your own assignments.

Nice-to-have

• Understanding of exposure reconciliation through Tri-Resolve.
• Experience of EMIR portfolio reconciliation
• Knowledge of fixed income assets including FX.
• Understanding of the impact breaks in reconciliation can have on the trade lifecycle and portfolio management.
• Working background of MT535/MT940/MT950 swifts, and custodian flat files used for reconciliation. Experience with MX message base is beneficial.

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.

Job Skills

Adaptability, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process Improvements, Time Management

Additional Job Details

Address: 100 BISHOPSGATE:LONDON

City: London

Country: United Kingdom

Work hours/week: 35

Employment Type: Full time

Platform: WEALTH MANAGEMENT

Job Type: Regular

Pay Type:

Posted Date: 2025-03-19

Application Deadline: 2025-03-26

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

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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