Senior Associate \u2013 Tender & Exchange - Minneapolis, MN (20158)
RBC - Minnesota

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Job Category: Operations/Service

Job Type: Full Time

Employment Type: Regular - U.S.

Pay Type: Salaried

Exempt/Non-Exempt: Non-Exempt

Work Schedule:
Work Hours/Week: 40

People Manager: No

Work Environment: Office

% Travel Required: 0

Province/State/County: Minnesota (US-MN)

City: Minneapolis

Address: 510 Marquette Avenue, Minneapolis, MN

Requisition ID: 20158

Position Summary

The main function of this position is to process mandatory and/or voluntary offers that include, but not limited to, name changes, reverse splits, and cash mergers, purchase offers, tender, exchanges, and odd lots. This position also requires the balancing of various clearing accounts and rec’s and prompt and satisfactory resolution of customer inquiries, problems, issues or errors through customer service help line.

Position Scope

Interacts with the Depository Trust & Clearing Corporation (DTCC), RBC Wealth Management, RBC Capital Markets, correspondents, trading departments, and various departments within Operation.

Acts as a liaison between branches, correspondents, trading desks and other operations personnel within RBC and DTCC and/or transfer agents ensuring timely, accurate distribution of both mandatory and voluntary offers.

Job Accountabilities

Coordinates announcements and when required disbursement instructions about offers from transfer agents, and/or DTCC, distributing appropriate information to branch personnel.

Monitor various depositories, clearing firms, bank reconciliation, and internal clearing accounts on a daily basis and reconcile differences to ensure accurate and timely processing of mandatory and/or voluntary offers.

Consults with outside Agencies, other Broker Dealers, and firm management to negotiate the means and timing of settlement on both incoming and outgoing

Reviews and tracks mandatory and/or voluntary offers daily, identifying potential changes to offer and client accounts in order ensure that key deadlines of offer are met and distributions are accurate.

Investigates and rectifies in a timely manner all problems, issues or errors, ensuring the various clearing accounts balance efficiently.

Answers questions from field on procedures and other information concerning the status and details of offers, payments etc.

Reviews announcements and submits instructions for tender offers, exchange offers, or mergers with elections.

Reviews and coordinates distribution of announcements about upcoming repayment options and mandatory tenders, as well as process instructions to exercise repayments, retainments, and relinquishments

Exercises the early redemption privilege of eligible CDs and bonds

Processes company’s rights subscriptions, conversion instructions, warrant exercise instructions and CMOP instructions

Combines components into units, or separate a unit into its components

Reviews announcements and mandatory reorganization activities being processed by DTC.

Identifies and distributes daily announcements concerning upcoming shareholder meetings, consent solicitations, and bankruptcies, as well as exercise share/bondholder rights

Major Challenges

Able to handle multiple priorities in a fast paced, pressured environment.

Excellent communication skills with ability to work effectively with a variety of personalities.

Excellent organizational, and time management skills


Strong working knowledge of PC (windows) environment.

Knowledge of securities industry.

Strong customer service skills.

Good communication skills.

Strong risk management skills

Effective problem identification and resolution skills.

Excellent organizational skills with attention to detail.

Ability to:
Ability to work effectively with a variety of personalities. Ability to work and communicate with all levels of management required

Ability to maintain high quality work and superior client service, while enforcing regulations

Ability to work quickly, accurately and efficiently in a fast paced environment required

Ability to work independently or within a team environment with little day-to-day supervision, able to provide direction to other team members.

Ability to research data for errors or inconsistencies for problem resolution.

Minimum Requirements:
4 years post high school education with emphasis on finance or equivalent work experience.

2 years previous industry experience

Diversity in the workplace, one of our shared values, lies at the heart of our rewarding, open, supportive and inclusive work environment. We respect and respond to the many competing and evolving priorities in our lives so you can focus on what you can do best – put clients first.


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