RBC · 7 hours ago
Analyst - Funding Operations
Jersey City, NJ
Full-time
Onsite
Mid, Senior Level
$75K/yr - $105K/yr
4+ years expRBC is a leading global bank that is seeking an Analyst in Funding Operations. The role involves analyzing business data to meet organizational needs, overseeing junior staff, and managing various funding responsibilities across multiple entities and products.
BankingFinancial ServicesWealth Management
Hiring Manager
Kalam Abdul
Responsibilities
Fully knowledgeable on the day to day activities of a product or process and acts as an effective layer of escalation for junior or less experienced staff on complex issues
Knows when to escalate and does so appropriately
May have oversight of a team of junior staff to ensure all daily responsibilities are completed
Holds technical expertise and is known inside and outside of immediate Ops team as subject matter expert
Develops and harnesses ideas for process improvement; understands core business or regulatory reason for function; thoughtful about risk and performance metrics for team
May be responsible for various projects to improve efficiencies. Has a clear understanding of the firm’s different businesses
Daily funding of firm bank accounts
Responsible for timely deposits to/from 15C3-3 accounts
Responsible for intraday liquidity monitoring and reporting
Responsible for timely deposits to various Clearing Organizations
Planning and coordinating with other groups to meet funding needs
Syndicate Operations – to determine need for day loans in order to intra-day finance new issues underwritten by RBC
Treasury Clearance – as a conduit to the Repo Desk to raise or reduce cash as needed
Foreign Settlements – To forecast key cash needs for all US Dollar securities settling overseas
Stock Loan Desk – To determine their use of funds to enable accurate forecasting
Repo Desk – As the group responsible for raising or laying off funds, we need to work with the Repo Desk throughout the day
Affiliated legal entities for their daily settlement versus the Broker Dealer
Daily funding across select entities engaging in below products types/activities:
Equities, Fixed Income & Derivative (both Listed & OTC)
Stock Loan/Stock Borrow
Repo/Reverse Repo
Overnight and Term Loans
Various miscellaneous payments/receipts as provided internally from Product Control/Financial Control
Book and track overnight and term loans
Daily bank reconciliations for proprietary trading entities
Manage related bank accounts to ensure proper funding daily - ~approx 10-15 bank accounts (USD & Multi-CCY) in our control currently
Projecting future settlements and other funding needs
Provide the forecasts to appropriate MM Desks throughout Toronto and London to ensure proper coordination
Daily reconciliation of funding suspense accounts
Wire processing and approvals through various internal system and banking portals
Post daily accruals & cash flow activity to multiple GL’s. Includes accruals on Bank Loans, Stock Loan/Borrow, Repo/Reverse Repo, & Custodian Cash Balances
Process the Cost of Carry function across multiple trading units
Monthly reconciliation & Attestation for all Cash, Loan, & Accrual GL accounts
Assist Product Control with P&L/Carry related issues whenever possible
Assist Financial Control with monthly reconciliation issues
Prepare month-end reporting for Home Office/Financial Control
Qualification
Required
This role would typically require some functional and industry experience and/or expertise, as they are expected to be subject area experts in one (or more) specific skill sets, business areas or products
Requires a level of maturity and ability to form relationships across the Firm to do things to do things the RBC way (e.g., focuses on 'How' and 'what')
Typically requires at least 4 years of relevant industry and operations experience, expertise and relationships
Undergraduate Degree in related field of study i.e. Finance, Accounting, Mathematics, Business Management, Economics
Advanced knowledge of the following concepts through prior experience or college coursework is preferred: PRODUCT KNOWLEDGE - Equity, Fixed Income, and Derivative products & associated settlement cycle, Stock Lending and Borrowing, Repo/Reverse Repo agreements, Initial and Variation Margin management; Futures, Swaps etc., Foreign currency funding, US Banking and cash flows
TREASURY - Bank loan management, including day loan, overnight loan, secured and unsecured borrowing, Issuing and calculating funding rates and spreads, Allocating interest expense back to the business units, Intra-day liquidity and collateral tracking & reporting, Prior day liquidity and collateral tracking & reporting
FINANCE/ACCOUNTING - General ledger postings, Daily bank reconciliations, General ledger reconciliations, Balance Sheet Analysis
Expert Level MS Excel. Intermediate VBA & SQL skills
Benefits
401(k) program with company-matching contributions
Health, dental, vision, life, disability insurance
Paid-time off
Company
RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance.
10001+ employees
H1B Sponsorship
RBC has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (29)
2024 (17)
2023 (3)
2022 (4)
2021 (1)
2020 (2)
Funding
Current Stage
Public CompanyTotal Funding
$16.3B2025-10-30Post Ipo Debt· $5B
2025-09-15Post Ipo Debt· $1.35B
2025-07-10Post Ipo Debt· $177.74M
Leadership Team
Graeme Hepworth
Chief Risk Officer
Kelly Bradley
Chief Human Resources Officer
Recent News
2026-01-22
Qatar Tribune
2026-01-21
Company data provided by crunchbase