Specialist, CA Milvus Payment Processing/Proxy Support

RBC; Toronto; On-site; CAD 46,000 - 70,000; Full time

Benefits offered by this job

Bonuses

Flexible benefits

Career development opportunities

Stock where applicable

Job summary

RBC in Toronto is seeking an Corporate Actions Processing associate to manage daily payment proceeds from depositories to client accounts, ensuring timely posting and reconciliation.

You will balance entitlements across internal systems, post on receipt, support the proxy desk, and investigate cash and asset outstanding issues while escalating critical risks to management. This is a dynamic, detail‑oriented role within Wealth Management.

Qualifications

• Bachelor’s degree required.
• Proficient with MS Office (Excel, Word, Outlook).

Responsibilities

• Balance entitlements from multiple depositories/issuers for internal systems.
• Post entitlements into client accounts on receipt date.
• Provide relief for staff during vacations or high volume by reviewing daily expiring events and ensuring instructions are tendered correctly.
• Provide support to proxy desk.
• Investigate and reconcile all cash and asset outstanding timely.
• Escalate critical issues to management to contain risk.
• Review PPLs and DOPs regularly and update as required.

Skills

Active Learning

Communication

Critical Thinking

Customer Service

Operational Delivery

Process Improvements

Time Management

Education

Bachelor’s Degree

Tools

MS Office

Job description

Job Description

What is the opportunity?

The incumbent will work within the Corporate Actions Processing team to process, check and release daily payment proceeds from multiple depositories/agents/issuers to eligible clients’ accounts. It requires timely posting, reconciliation, consistency and completeness of payments besides managing the responses to clients’ queries in a timely manner.

What will you do?

• Balance the entitlement received from multiple depositories/agents/issuers for all internal systems including Trust/Bancs/Milvus.
• Post entitlements into clients’ accounts on date of receipt or where not possible ensuring strict adherence to protocol.
• Provide relief for staff on vacation/absences or during high volume by reviewing daily expiring events to ensure all instructions are correctly tendered with depositories/agents and positions are segregated where applicable.
• Provide support to proxy desk.
• Investigate and reconcile all cash and asset outstanding on a timely manner.
• Escalate all critical issues identified to the management team to ensure risk containment.
• Review PPLs and DOPs on a regular basis and update as required.

What do you need to succeed?

Must have:

• Bachelor’s Degree
• Intermediate MS Office Suite (Excel, Word, Outlook, etc.)

Nice-to-have:

• Back Office experience within financial services industry
• Knowledge of Corporate Action Principals & Custody Platforms
• Intermediate Accounting

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 includes 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.
• Flexible work/life balance options.
• Opportunities to do challenging work.
• Opportunities to take on progressively greater accountabilities.
• Access to a variety of job opportunities across business.

Job Skills

Active Learning, Communication, Critical Thinking, Customer Service, Operational Delivery, Process Improvements, Time Management

Additional Job Details

Address:

RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

WEALTH MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-10-16

Application Deadline:

2026-10-31

Note:

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

Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate’s experience, skills, registration status, performance, individual goals, market conditions, and business needs.

Pay Range

The expected pay range for this position is:

$46,000.00 - $70,000.00

The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay rage for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable.

You have the potential to earn RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.