Operations Risk Specialist - Cash

Come Work with Us!

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

Operations Risk Specialist - Cash

Job Description

What is the opportunity?

The primary purpose of this position is to be responsible for providing excellent, accurate and timely customer service to RBC Wealth Management (RBC WM) branches & complexes, C&C (Clearing & Custody), Operations, GAM and Corporate areas for: internal/external incoming and outgoing ACH transactions, Clearing Firm ACH profile set up, Check deposit, stop payment, deposit errors, returned items, re-deposits, lockbox deposits, Ensenta mobile check deposits, DRC check file/reconciliation, check disbursement including void, re-issue and reversal, C&C management fees, workflow check approval, printing and overnight processing, Cash Management Account checking and VISA transactions, money market cash sweep, redemption, purchase, website rate update, reporting and reconciliation, bank accounts department general ledgers and phone queue support, and engage employees during review process by having them read through the procedure and give any feedback and/or efficiency suggestions. The individual will be responsible for training and supervisory duties.

What will you do?

• Develop and maintain technical documentation for end-user efficiency solutions.
• Daily review and reconciliation of multiple bank accounts and general ledgers
• Daily processing of retail returned checks, mail sorting, coding deposits and scanning. Weekly processing of 15c3 Funds after cut off reporting
• Supports various monthly processing such as the monthly voiding of Stale Date Checks, Verification of ACH transactions, Ordering supplies for correspondent firms, ACH/D&D Internal conversions and processing of Foreign Checks

What do you need to succeed?

Must-have

• 4-year degree from an accredited university or equivalent OR High school diploma or equivalent AND 3+ years of securities, banking, technology and/or job specific industry experience
• 3+ years experience in money movement activities (ACH, wire transfers, check, etc.)
• 2+ years reconciliation experience
• 1+ year prior securities, banking, technology industry and/or job specific related industry
• Securities license 99 (or able to obtain license within 120 days)

Nice-to-have

• 4-year degree from an accredited university in business, finance or related field
• 2+ years business process redesign, robotics & AI, VBA development, MS Access development, analysis and/or risk control experience

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.

• 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

Job Summary

Address:

Minneapolis, Minnesota, United States of America

City:

USA-MN-MINNEAPOLIS

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

Wealth Management

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2023-09-18

Application Deadline:

2023-10-23

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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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at rbc.com/careers.