Senior Associate, Trade Support

Royal Bank of Canada; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

RBC Capital Markets in New York seeks a Senior Associate for the Middle Office Trade Support team within Operational Services. The role focuses on timely booking, verification, and support of FX trading activities, with emphasis on spot, forwards, and swaps across systems, ensuring accurate processing and regulatory timeliness.

You will interact with Sales and Trading desks, internal stakeholders, and external clients, contributing to post-trade operations, testing, and process improvements

Qualifications

• Bachelor's degree in Business, Finance, Economics or related field.
• Minimum two years in a Middle Office, Operations or similar capital markets environment.
• Solid working knowledge of FX products and post-trade processes.

Responsibilities

• Book and verify FX trades (spot, forwards, swaps) in trading systems with downstream processing.
• Perform daily reconciliations across internal and external systems to identify and resolve breaks.
• Process post-trade events, compressions, and backloads per standard procedures.
• Ensure trades clear within regulatory timeframes and assist with compliance reporting.
• Manage exception queues and escalate issues to ensure smooth trade flow.
• Run daily controls to verify booking accuracy and regulatory deadlines.
• Serve as main contact for Sales/Trading desks, internal stakeholders, and external clients via multiple channels.
• Participate in UAT, system enhancements and process improvements with Technology.

Skills

Attention to Detail

Working Under Pressure

Problem-Solving

Independence & Teamwork

Communication

FX Experience

Trading Systems Knowledge

Education

Bachelor's degree in Business/Finance/Economics

Tools

Bloomberg Chat

Webex

Trading systems

Job description

Job Description

What is the opportunity?

RBC Capital Markets is hiring a Senior Associate to join the Middle Office Trade Support team within Operational Services, based in New York. In this role, you will ensure the timely and accurate booking, verification, and support of Foreign Exchange trading activities. FX will be your primary focus making this an ideal role for candidates looking to gain broad exposure across capital markets operations.

What will you do?

• Ensure all FX trades including spot, forwards, and swaps are booked and verified accurately in the relevant trading and booking systems, with proper assignment of downstream processing flags for confirmations, settlements, and payment processing.
• Perform daily reconciliations across internal and external systems, identifying and resolving breaks in a timely manner to maintain data integrity and operational accuracy.
• Process post-trade events, compressions, and backloads as requested, ensuring all transactions are handled in accordance with standard procedures.
• Ensure that transactions clear within required regulatory timeframes, supporting the firm's compliance with applicable rules and reporting obligations.
• Manage exception queues to ensure smooth trade flow between internal systems and external counterparties, escalating issues as necessary.
• Run daily controls to verify that trades are booked accurately, events are processed correctly, and regulatory deadlines are met.
• Act as a central point of contact for Sales and Trading desks, internal stakeholders, and external clients, managing queries through face-to-face interaction, phone, email, Webex, and Bloomberg Chat.
• Participate in User Acceptance Testing, system enhancements, and process improvement initiatives, proactively identifying inefficiencies and liaising with Technology to drive resolutions or implement fixes.

What do you need to succeed?

• Attention to Detail and Accuracy : You must demonstrate consistently high standards of accuracy across all aspects of their work. The ability to identify discrepancies, errors, and inconsistencies quickly and precisely is essential to the integrity of the Middle Office control framework and sets the standard for the team.
• Working Under Pressure : You must perform effectively under pressure, maintaining accuracy and composure during periods of elevated trading volumes, market events, or time-sensitive deadlines. Managing competing demands across both daily responsibilities and project work is a key expectation of the role.
• Problem-Solving and Continuous Improvement : You are expected to take a proactive approach to problem-solving, drawing on accumulated knowledge to identify issues and drive timely resolutions. Beyond issue resolution, the Senior Associate should actively lead efforts to improve existing workflows and processes, contributing meaningfully to change initiatives that enhance the efficiency and robustness of the Middle Office function.
• Independence and Teamwork : You are expected to balance independent working with collaborative engagement. They should be confident in managing their own workload without close supervision, whilst also contributing positively to the wider team, supporting the development of junior staff, and building strong working relationships with internal and external stakeholders.
• Communication : You are expected to communicate in a polite, professional, and accurate manner. Confidence and clarity are expected in all interactions, whether with junior colleagues, senior internal stakeholders, or external parties including clients, brokers, and Clearing Houses.
• Experience : A minimum of two years of relevant experience within a Middle Office, Operations, or similar capital markets environment is required. Candidates should demonstrate a proven track record of managing post trade activity across a range of instruments and workflows, with experience working across multiple internal and external stakeholder groups.
• Product Knowledge : A solid working knowledge of FX products is required. Candidates should demonstrate a clear understanding of the key characteristics of the instruments traded, the associated lifecycle events, and the post-trade processes that underpin the Middle Office function.
• Systems : Whilst prior experience with the specific systems used by the Middle Office function is not mandated, candidates should demonstrate familiarity with the types of platforms and infrastructure commonly used within a capital markets environment.
• Education : A bachelor's degree in a related field such as Business, Finance, Economics, or a similar discipline is required.

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.

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