Mutual Fund Operations Associate

As part of a high performing team, you will ensure operational and administrative effectiveness for RBC Global Asset Management Inc, as well as support cost controls and operational efficiencies for the RBC Mutual Funds.

You will be responsible for the valuation and reporting of unit prices for assigned Mutual Funds within fixed deadlines enabling the unitholder systems to properly calculate the value of client’s holdings and process mutual fund transactions.

Responsibilities

• Ensure all transactions (i.e. unitholder subscriptions and redemptions, management fees, expense accruals, security trades) are entered into the accounting system in an accurate and timely manner.
• Monitor and reconcile each portfolio daily to ensure that cash, security, and unit positions correctly reflect the client’s holdings.
• Ensure corporate actions are entered into the accounting system and reflect all relevant securities and tax regulations, and analyze market value impacts of corporate actions.
• Analyze daily fund activity, trade discrepancies against market data and report daily fund prices and income factors to unitholder systems and external sources for publication.
• Maintain security pricing file within established departmental guidelines.
• Train staff on operational processes and assist senior staff with daily process queries.
• Assist in operational initiatives and enhancements and maintain internal procedures/policies and ensure controls are followed.

Requirements

• Post-Secondary education in Finance or related field
• 3+ years relevant industry experience
• Ability to work in a team environment with strong communication, time management and problem-solving skills
• Practical knowledge of financial products, Mutual Fund valuation and general ledger system
• Experience with derivatives and corporate action processing
• Experience with MS Excel, Access, VBA/Macros, SQL, Python, Tableau and database queries
• High attention to detail and accuracy.

Nice to Have

• Working towards Finance/Accounting designation
• Knowledge of Mutual Fund valuation and general ledger system, pricing/data applications Bloomberg, Thomson One Financial, etc.
• SQL, Python, Microsoft Access or any relational database management
• Knowledge of Eagle Investment Systems
• Trade processing experience – corporate actions, derivative transactions, etc.
• Security pricing experience in the following: Equity – Domestic, international, fair value pricing; Fixed Income (Plain vanilla, Convertibles, MBS, Strips, Real Return bonds, etc.); Derivatives - futures, options, forwards, swaps, credit default swaps, etc.; Others – private placements, warrants, rights, restricted securities, etc.

What’s in it for you

• A comprehensive Total Rewards Program including 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 and geographies