Rbc
Finance / FinServ
Manager,PhysicalCustodyandSettlements
Neural analysis suggests this role is
optimal for Mid candidates.
“Manager, Physical Custody and Settlements at Rbc. Skills: Physical Custody, Settlements, Asset Management, Team Leadership. Supervising a team of specialized Settlement Custodians. Ensuring Platform Clients day-to-day Physical trade matching & settlement obligations are managed effectively”
What You'll Achieve.
Ensure error free asset management; Ensure all actions are controlled & timely executed; Maintaining a self-supporting Unit; Resolution of TLM breaks within 3 days; Ensure zero E&O’s due to not following stringent procedures; Ensure desk effectiveness; Ensure records are accurate and effective for daily status reporting
Industry & Context.
Resolution of TLM breaks; Resolve trade managing issues/problems
Attend (when required) all on-site Client Due Diligences visits
What They're Looking For.
Must Have
5+ years of relevant work experience in the financial industry, Experiencing leading a team, Solid understanding of Physical Documentation for Transfers and/or De-materialization, Full leadership understanding of the Registration/Location codes on all processing platforms, Full leadership understanding of Policies/Procedures pertaining to Physical Safekeeping, Full leadership understanding of CDS, BaNCS, Trust, Milvus pertaining to Physical assets
What You'll Do.
Supervising a team of specialized Settlement Custodians
Ensuring Platform Clients day-to-day Physical trade matching & settlement obligations are managed effectively
Ensuring accurate safekeeping of Assets
Vetting all requests for Inbound & Outbound positions against trade tickets and correctly processing them
Balancing & processing of Cash entries
Processing of daily TDR (Term Deposit Receipts)
Release of associated outbound BESS wire payments
Control of asset movements within and outside of PSS via System reports & proprietary Security In Transit (SIT) asset tracker
Ensure error free asset management of all designated and supported Physical settlement activities
Provide daily oversight on asset movement ensuring all actions are controlled & timely executed
Effective utilization of FTE resources towards maintaining a self-supporting Unit
Performs a daily review of all assigned TLM breaks
with focus on resolution within 3 days and in accordance to CASS requirements
Ensures daily TDR processing is effectively controlled to ensure zero E&O’s
Reviews all direct reports DOP’s to ensure desk effectiveness
Updating Unit Policies & Procedures (PPL)
Day-to-day contact with Clients
External Industry participants and Internal RBCIS departments to provide &/or resolve trade managing issues/problems
Reviews system reports and Proprietary systems to ensure records are accurate and effective for daily status reporting
How You'll Work.
Team & Collaboration
Day-to-day contact with Clients, External Industry participants and Internal RBCIS departments; Attend weekly TLM Management Meetings; Attend (when required) all on-site Client Due Diligences visits and/or routine conference calls; Work in a dynamic, collaborative, progressive, and high-performing team; Collaboration
Communication Scope
Provide &/or resolve trade managing issues/problems; Client Due Diligences visits and/or routine conference calls
Full Job Description
**_Job Description_** **What is the opportunity?** This role will be supporting RBC Investor Services (IS) where the incumbent will be responsible for supervising a team of specialized Settlement Custodians to ensure all Platform Clients day-to-day Physical trade matching & settlement obligations is being managed effectively. Primary focus is ensuring accurate safekeeping of Assets and ensuring all requests for Inbound & Outbound positions are vetted against trade tickets and correctly processed, as per Policies/Procedures. To balancing & processing of Cash entries, especially those connected to daily TDR (Term Deposit Receipts) and the release of associated outbound BESS wire payments. The incumbent is also responsible for the control of asset movements within and outside of PSS via System reports & proprietary Security In Transit (SIT) asset tracker. **What will you do?** * Ensure error free asset management of all designated and supported Physical settlement activities, within Physical Security Services (PSS). * Provide daily oversight on asset movement ensuring all actions are controlled & timely executed in accordance to Physical settlement Policies & procedures. * Effective utilization of FTE resources towards maintaining a self-supporting Unit to effectively cover for scheduled and unscheduled staffing requirements & volume swings. * Performs a daily review of all assigned TLM breaks, with focus on resolution within 3 days and in accordance to CASS requirements * Will attend weekly TLM Management Meetings * Ensures daily TDR processing is effectively controlled to ensure zero E&O’s due to not following stringent procedures. * Reviews all direct reports DOP’s to ensure desk effectiveness, along with updating Unit Policies & Procedures (PPL) on or before their respective due-dates. * Will have day-to-day contact with Clients, External Industry participants and Internal RBCIS departments to provide &/or resolve trade managing issues/problems. * Will attend (when
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