Operations Associate - Loans Servicing
Operations Associate - Loans Servicing
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Job Description
Job Summary
Job Description
What is the opportunity
An opportunity to join the Loans Servicing team supporting our global loan and CLO investment teams processing loan facilities from settlement through the entire lifecycle of the loan. Working within a dynamic team that pride themselves on being accurate and efficient but also with capacity and capability to affect process improvements from route causes analysis through to successful implementation of solutions.
You will work closely with the Loans Closing team the Investment desk as well as Agents Custodians and Internal teams.
What will you do
- Capture and process lifecycle events such as rollovers paydowns drawdowns and interest in a timely and accurate manner.
- Process loan trade settlement activity accurately and in a timely manner.
- Investigate and resolve discrepancies between agent notices and our internal records.
- Proactively investigate and resolve any reconciliation breaks against custody and agents cash postings.
- Operate within the existing operational risk framework whilst identifying any new controls or enhancements.
- Engaging internal teams to ensure trade flow connectivity is maintained for STP and that new initiatives are agreed tested and implemented.
- Review tax requirements for individual funds.
What do you need to succeed
Must-have
- Loans servicing experience
- Experience in a trade processing team with knowledge of lifecycle events.
- Ability to multi-task and prioritise according to intra-day deadlines.
- Attention to detail coupled with ability to speak up or resolve discrepancies.
- Demonstrate a drive for continuous improvement.
- Establish and maintain good relationships and work effectively and cooperatively with others. Communicates constructively engages others positively and readily shares information and ideas.
- Ability to adhere to deadlines.
Nice-to-have
- WSO/Markit experience
- Knowledge of the lifecycle of a CLO and the different processes to each phase.
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
Agency Notice
RBC Group does not accept agency resums. Please do not forward resums to our employees nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resums. Please contact the Recruitment function for additional details.
Job Skills
Communication Group Problem Solving Interpersonal Relationships Loan Servicing Personal Initiative Process Improvement Projects Reconciliations (Inactive) Trade ProcessingAdditional Job Details
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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 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.
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Required Experience:
IC
Employment Type
Full-Time
