RBC Investor & Treasury Services (RBC I&TS) is a specialist provider of asset services, custody, payments and treasury services for financial and other institutional investors worldwide, with over 4,000 employees in 17 countries across North America, Europe, Asia and Australia.
We deliver services which safeguard client assets, underpinned by client-centric digital solutions which continue to be enhanced and evolved in line with our clients’ changing needs.
Trusted with CAD 4.4 trillion in client assets under administration (1), RBC I&TS has been rated by our clients as the #1 global custodian for seven consecutive years (2) and is a financially strong partner with among the highest credit ratings globally (3).
1) RBC quarterly results released May 24, 2018 (2) Global Custody Survey, Global Investor ISF, 2011 to 2017, unweighted (3) Standard & Poor’s (AA-
rating of Royal Bank of Canada as of May 23, 2018, compared to the top 10 global custodians by AUA What is the opportunity?
RBC I&TS, acting as Depositary, must comply with its depositary duties to ensure investors and RBC I&TS do not suffer any loss or reputational damage as a result of its failure to perform its obligations or negligent performance of them.
Our main obligations are Cash Flow Monitoring, Oversight duties and Safekeeping & Recordkeeping of assets.
The control results are documented and shared with Management Companies, AIFM’s, Board of Directors and made available upon request to auditors or regulators.
A foundation of the UCITS and AIFM Regulations is that the depositary must act solely and independently in the interest of investors.
What will you do? Ensure full compliance with regulatory depositary requirements related to : Cash Flow Monitoring / Oversight duties : NAV, Subscriptions / Redemptions, Investment Compliance, Income Distribution, Timely Settlement / Safekeeping and Recordkeeping of assets Act as a Subject Matter Expert for all depositary matters to ensure RBC I&TS acting as depositary for UCITS and AIFs fully complies with the duties imposed by the AIFMD / UCITS V regulations Participate to all TDS streams : Client Acceptance & Onboarding, Academy, Due Diligence, Expertise Center and Oversight & Monitoring What do you need to succeed?
Must-have Minimum 7 years of experience in Fund Administration business, Internal Control or Audit function Sound knowledge of regulatory UCITS V and AIFMD depositary framework Experience in Real Estate and Private Equity is an advantage Mandatory English Language (Written / Oral) Proficiency Detail oriented Nice-
to-have German Good knowledge of Access 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 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 Opportunities to do challenging work Opportunities to take on progressively greater accountabilities Opportunities to building close relationships with clients