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Senior Associate - Business Analyst, US Regulatory Services (Canada)

Toronto, ON
Full Time
6 days ago
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.

In this role, you will primarily be 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, you 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. You will focus on multiple forms of regulatory reporting, such as Electronic Blue Sheets, OATS, LOPR, Short Interest, TRACE, MSRB, CAT and more. You will work closely with several areas of the Firm to support the above functions, including various business groups within the Firm, Compliance, Legal, Finance, and Technology.

What will you do?
  • Review and analyze new business, rule changes or system changes that impact reporting processes and perform associated testing / checkouts
  • Coordinate 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 changes
  • Acts as an effective layer of escalation for junior or less experienced staff on complex issues
  • Drive process improvement or re-engineering by identifying and implementing automation opportunities
  • Lead the development and implementation of controls to ensure the timeliness, accuracy and completeness of reporting
  • Document, revise and maintain procedures as required; ensure team is trained on all procedures
  • Produce presentations for a range of stakeholders highlighting achievements, regulatory reporting metrics, regulatory risks and change management initiatives
  • Serve 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 logic

Lead 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 subject
  • Big 4 Consulting / Advisory experience (4+ years preferred)
  • Strong understanding of financial products (Equities, Listed Derivatives, Fixed Income, and/or OTC Derivatives) and US regulatory reporting requirements
  • Understanding of complex options trading to include options allocations
  • Strong understanding of the trade life cycle (Orders, Executions, Allocations) required
  • Understanding of Middle Office Trade Processing
  • Strong proficiency in MS Word, Excel, PowerPoint, Outlook, Visio
  • Understanding of trade/transaction data warehousing and reference data sourcing

  • Technical mindset with basic understanding of SQL and VBA
  • Proficiency with Broadridge and Fidessa

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.
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • Opportunities to do challenging work
  • Opportunities to building close relationships with clients
  • Access to a variety of job opportunities across business and geographies
  • Gain invaluable skills that can be transferrable within the operations financial industry

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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 .

Address:155 Wellington Street W.
Work Hours/Week:37.5
Work Environment:Office
Employment Type:Permanent
Career Level:Experienced Hire/Professional
Pay Type:Salaried
Required Travel (%):0
People Manager:No
Application Deadline:04/23/2021
Platform:Capital Markets

Req ID:326538
Ad Code(s):
Management and Executive