What is the opportunity?

RBC Capital Markets is launching a prime brokerage business for equities, starting in North America. To serve hedge fund and institutional clients, we need an accurate, near real-time view of every position by depot: what we own, what clients own, and what has been lent, borrowed or pledged, projected to settle etc. As Director, you will lead the building of this intraday stock record, extending our Broadridge-based books and records platforms. You will work with Operations, Trading, Financing and Risk to give the business reliable positions, fewer settlement problems and better use of the firm's balance sheet.

What will you do?

• Lead the design and delivery of an intraday stock record that keeps client and firm positions accurate and separate throughout the trading day
• Direct how our Broadridge books and records platforms are extended or reconfigured to support prime brokerage, from trade capture through settlement
• Establish how position data flows between trading, financing, securities lending, settlement and risk systems, and between us and our custodians and depositories
• Shape the approach to custody and depository accounts, including the operational impact of keeping prime separate from the rest of the firm
• Build the controls that catch breaks and exceptions early, so problems are fixed before they reach clients or cause failed settlements
• Partner with Operations, Finance, Risk and Corporate Actions to agree on ownership, deadlines and service levels
• Manage the program plan, budget, vendor relationships and delivery milestones, and lead and coach a team of engineers, architects and delivery managers

What do you need to succeed?

Must-have

• Significant experience leading books and records, stock record or position-keeping technology at a broker, bank or custodian
• Hands-on knowledge of post-trade platforms, or comparable securities processing systems, in a large firm
• Track record of delivering large, multi-year technology programs from design through launch
• Strong understanding of how trades, settlement, custody and securities lending affect a firm's positions
• Degree in engineering, computer science, finance or a related field

Nice-to-have

• Experience in prime brokerage, including short, loaned, financed and swap positions
• Experience building or running real-time or near-real-time position and settlement processing
• Familiarity with North American settlement and depository processes, and the move to faster settlement cycles
• MBA or other graduate degree

The Expected Salary Range For The Above Position Is $210,000 - $275,000 Depending On Factors Including But Not Limited To The Candidate’s Experience, Skills, Registration Status; Market Conditions; And Business Needs.  This Salary Range Does Not Include Other Elements Of Total Compensation, Including A Discretionary Bonus And Benefits Such As A 401(K) Program With Company-Matching Contributions; Health, Dental, Vision, Life And Disability Insurance; And Paid Time-Off Plan.
Rbc’s Compensation Philosophy And Principles Recognize The Importance Of A Highly Qualified Global Workforce And Plays A Critical Role In Attracting, Engaging And Retaining Talent That:
·       Drives Rbc’s High Performance Culture
·       Enables Collective Achievement Of Our Strategic Goals
·       Generates Sustainable Shareholder Returns And Above Market Shareholder Value
 

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

Job Skills

Additional Job Details

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

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.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.