Job Summary
The role will entail directly supporting the front office Securities Lending desk whom is responsible for market execution with borrowers, maximizing profitability within the existing products and identifying revenue opportunities for our lending clients. The Intern will be involved in the day-to-day dealings with operations and front office personnel developing a thorough understanding and appreciation of the role Securities Lending plays in the financial industry
Job Description
BAU responsibilities
- Monitoring 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
- Monitor term report to ensure we are onside, and escalating to SL desk if there is a term loan shortfall with clients & borrowers
- Update the daily Pricing file (data file from IHS Markit) before market open
- Prepare daily push lists for both fixed income and equities prior to market open
- Produce ad hoc reports via Access database for analysis and revenue opportunities
- Agree new loan transactions with approved borrowers within the boundaries of our legal agreements and approved credit limits and policies
- Run re-rate tool and negotiate 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
- Create weekly/bi-weekly recap of outliers in order to help target borrowers or specific asset classes and identify trends
- Help to create efficiencies and streamline our processes including automating our inventory push lists
- Collating competitor insights and information
- Supporting SL Lender and Product Management with projects the business deems as a priority
Learning and Development opportunities
- Further understanding of financial markets, trading strategies and the securities lending industry
- 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.
Must-haves
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 skills-set
- Familiarity/ in depth knowledge of Custody or Securities Finance Business
- Strong system abilities – Excel, PowerPoint, Access, Bloomberg,
- Solid understanding of economic concepts with ability to learn applied financial concepts on the role
Job Skills
Additional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST: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:
2024-05-29
Application Deadline:
2024-06-13