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    Lead Trade Operations Administrator - Toronto, Canada - RBC - Royal Bank

    RBC - Royal Bank background
    Full time
    Description

    Job Summary

    Job Description

    What is the opportunity?

    As a Lead Trade Operations Administrator, you will support Global Loan Administration - Trade with the end to end processing of Guarantees/Standby Letters of Credit (SBLC) under bulk, syndicated and bilateral credit facilities in Trade 360 from draft to issuance to payment or cancellation. You will be responsible for escalations of questions related to complex transactions and be client facing for inquiry investigation and resolution.

    What will you do?

    • Process and Reconciliation: Counsel and advise clients and business independently on transactional issues, risk mitigation, document preparation and international rules and regulations
    • Provide structuring and coordination including liaising with 3rd parties as required
    • Provide draft language for Guarantees/SBLC's in a timeline acceptable to the requester.
    • Responsible for the text of all instruments issued and thereto amended and their issuance in accordance with the applicable rules and standard banking practices
    • Ensure that all transactions processed comply with KYC and AML guidelines, Antiboycott compliance, OFAC, FinCEN, USA Patriot Act and other sanctions imposed from time to time by various government /regulatory agencies
    • Provide post transactional service to clients
    • Exercise due diligence by following operational risk policies, procedures, standards and guidelines.
    • Set up customer, fee rate and guarantee/SBLC records in Trade 360 to ensure that the input is error free
    • OMS comments must be added/updated daily without prompting
    • Ensure Chase, Nostro, Internal Accounts and Adjustment Suspense is actioned daily and there are no aged items without documented explanation
    • Action eTRs daily, ensuring accurate credit records. All excess items are addressed by 11:00 a.m. daily
    • Ensure all fee income on guarantees /SBLC's is received and correctly accounted and reported
    • Act as a backup to other Trade Specialists on the team
    • Acts as verification officer for all two touch transactions in Trade 360

    What do you need to succeed?

    Must-have:

    • Working knowledge of all aspects of guarantees/SBLC's and ability to interpret and apply various related rules, regulations and applicable law
    • Fully conversant with all ICC rules, regulations and circulars relative to guarantees
    • Ability to prioritize, work under pressure and meet time sensitive deadlines
    • Ability to identify and eliminate/reduce risk associated with guarantees/SBLC's
    • Strong time management and organizational skills
    • Excellent written and oral communication skills
    • Ability to work effectively both independently and within a team environment
    • Excellent attention to detail, judgement, flexibility and dependability
    • Undergraduate Degree

    Nice to have:

    • 1-2 yrs. work experience in banking
    • Certified Documentary Credit Specialist (CDCS)
    • ISP Masters
    • Upskill 600
    • Bilingual (English and French) communication skills

    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.

    • Ability to make a difference and lasting impact
    • Work in a dynamic, collaborative, progressive, and high-performing team
    • Opportunities to do challenging work

    Job Skills

    Active Learning, Adaptability, Customer Service, Customer Service Management, Decision Making, Detail-Oriented, Group Problem Solving, Operational Delivery, Process Management, Teamwork

    Additional Job Details

    Address:

    16 YORK ST:TORONTO

    City:

    TORONTO

    Country:

    Canada

    Work hours/week:

    37.5

    Employment Type:

    Full time

    Platform:

    Personal and Commercial Banking

    Job Type:

    Regular

    Pay Type:

    Salaried

    Posted Date:

    Application Deadline:

    Inclusion and Equal Opportunity Employment

    At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
    ​​​​​​​
    We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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