Job Summary

What is the Opportunity?
US Regulatory Services is responsible for ensuring timely, accurate, and complete reporting to various exchanges, self-regulatory organizations and the SEC. The individual in this role is primarily responsible for day-to-day operational execution to broader planning within this area of expertise.  Functions within the team can include remediating issues identified; control and risk management and reporting process improvement; providing support for regulatory change initiatives; and researching and responding to regulatory inquiries and exams. Additionally, the individual will utilize subject matter expertise while representing the department or function at a broader level. 

Additional responsibilities may include performing user testing for new or existing process enhancements, documenting new procedures related to new reports on-boarded while acting as a go-to-person/escalation point for questions from analysts and other areas. This role may focus on multiple forms of regulatory reporting, such as Electronic Blue Sheets, OATS, LOPR, Short Interest, TRACE, MSRB, CAT and more. The role works closely with several areas of the Firm to support the above functions, including various business groups within the Firm, Compliance, Legal, Finance, and Technology.

Job Description

What will you do?

Review and analyze new business, rule changes or system changes that impact reporting processes and perform associated testing / checkoutsCoordinate the remediation of reporting anomalies (raise JIRAs, document requirements, and perform checkout etc.)Develop UAT strategy, document test cases and execute testing of applicable regulatory, business or control changesActs as an effective layer of escalation for junior or less experienced staff on complex issuesDrive process improvement or re-engineering by identifying and implementing automation opportunitiesLead the development and implementation of controls to ensure the timeliness, accuracy and completeness of reportingDocument, revise and maintain procedures as required; ensure team is trained on all proceduresProduce presentations for a range of stakeholders highlighting achievements, regulatory reporting metrics, regulatory risks and change management initiativesServe as a liaison for Regulatory Services on assigned projects; ensure Regulatory Services is informed of program developments and potential impacts to existing processes and reporting logicLead the development of  performance management metrics for the group across daily, weekly, or monthly regulatory reports including: Electronic Blue Sheets, Qualified Financial Contracts (QFC), Listed and OTC Large Option Position Reporting (LOPR), Consolidated Audit Trail (CAT), TRACE, MSRB and others as assigned 

What will you do?

Review and analyze new business, rule changes or system changes that impact reporting processes and perform associated testing / checkoutsCoordinate the remediation of reporting anomalies (raise JIRAs, document requirements, and perform checkout etc.)Develop UAT strategy, document test cases and execute testing of applicable regulatory, business or control changesActs as an effective layer of escalation for junior or less experienced staff on complex issuesDrive process improvement or re-engineering by identifying and implementing automation opportunitiesLead the development and implementation of controls to ensure the timeliness, accuracy and completeness of reportingDocument, revise and maintain procedures as required; ensure team is trained on all proceduresProduce presentations for a range of stakeholders highlighting achievements, regulatory reporting metrics, regulatory risks and change management initiativesServe as a liaison for Regulatory Services on assigned projects; ensure Regulatory Services is informed of program developments and potential impacts to existing processes and reporting logicLead the development of  performance management metrics for the group across daily, weekly, or monthly regulatory reports including: Electronic Blue Sheets, Qualified Financial Contracts (QFC), Listed and OTC Large Option Position Reporting (LOPR), Consolidated Audit Trail (CAT), TRACE, MSRB and others as assigned 

What do you need to succeed?

Bachelor’s Degree or Equivalent Required, preferably in Engineering or Business or a related subjectBig 4 Consulting / Advisory experience ;  At least 4 years  preferredStrong understanding of financial products (Equities, Listed Derivatives, Fixed Income, and/or OTC Derivatives) and US regulatory reporting requirementsUnderstanding of complex options trading to include options allocationsStrong understanding of the trade life cycle (Orders, Executions, Allocations) requiredUnderstanding of Middle Office Trade ProcessingStrong proficiency in MS Word, Excel,  PowerPoint, Outlook, VisioProficiency with Broadridge and Fidessa is preferredUnderstanding of  trade/transaction data warehousing and reference data sourcingTechnical mindset with basic understanding of SQL and VBA a plusExcellent interpersonal and communication skills Ability to build strong working relationships with people at all organizational levelsMust have excellent judgment, professionalism and integrityTeam player with a positive attitude

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 applicableLeaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging workOpportunities to building close relationships with clients

The good-faith expected salary range for the above position is $80,000 - $125,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs.  This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

Drives RBC’s high performance cultureEnables collective achievement of our strategic goalsGenerates sustainable shareholder returns and above market shareholder value

#LI-DM1

Job Skills

Audits Compliance, Communication, Critical Thinking, Data Gathering Analysis, Financial Regulation, Internal Controls, Organizational Governance, Quality Orientation, Time Management

Additional Job Details

Address:

GOLDMAN SACHS TOWER, 30 HUDSON STREET:JERSEY CITY

City:

Jersey City

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-09-12

Application Deadline:

2024-09-30

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.
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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 jobs.rbc.com.