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Vice President/Associate, Product Owner

Toronto, ON
Full Time
3 days ago
What is the opportunity?
As an Associate, you will be responsible for supervisory oversight for Global Markets front-office electronic trading applications, maintaining electronic trading data integrity/quality and executing delegated authority from senior front office management to approve system changes with potential regulatory impact. Support the Global Head of Electronic Trading Supervision and embed the Electronic Trading Supervisory Programme, designed to adequately meet internal/regulatory requirements and industry best practices.

What will you do?
  • Maintain detailed inventory and architecture of all eTrading flows and associated reference data
  • Review changes to establish potential regulatory impact
  • Provide business requirements and implementation signoff for changes with potential regulatory impact
  • Act as a central point of contact between Front Office, Compliance and Technology for change management processes
  • Ensure the Front Office has an accurate understanding of current, pending and proposed regulatory developments as they arise
  • Keep abreast of regulatory change and guidance, analysing communications and policies in consideration of the impact on Global Markets from an Electronic Trading perspective
  • Execute supervisory activity as part of the Electronic Trading Supervisory programme, designed to meet internal and external requirements
  • Ensure effective implementation, sustainability and oversight of designated FO Supervisory and Risk Management controls within Global Markets, specifically relating to Electronic Market Access and Algorithmic Trading
  • Support the Head of Electronic Trading Supervision with management reporting activities, including preparation of electronic trading management information, such as key risk indicators and key performance indicators
  • Work closely with IT and Front Office to leverage expertise and technology where possible, in an effort to automate and reduce inefficiencies related to Supervisory reviews
  • Coordinate with internal audit and other control functions regarding business-driven Supervisory oversight
  • Complete analysis to support recommendations to Global Markets Management to ensure the GM strategy considers regulatory and policy requirements, anticipating impacts on the business plan
  • Foster, develop and maintain strong working relationships with senior functional and business management in order to adequately support the business
  • Maintain close working relationships with Senior Management, Desk Heads, Business Management, Global Initiatives Group, and related functions
  • Proactively identify operational risk/control deficiencies in the business and assist in developing solutions / mitigating controls
  • Review and comply with Firm Policies applicable to your business activities
  • Promptly escalate operational risk events, control deficiencies and risks that you identify to your line manager and the relevant risk and control functions.

  • What do you need to succeed?
  • At least 3 years of prior experience working in the Global Markets business
  • Extensive experience managing complex projects with multiple senior stakeholders
  • Experience documenting complex trade processes (multiple teams/regions/applications)
  • A passion for regulatory frameworks, in particular regulatory reporting and front-office electronic trading technology/trade reporting related regulatory requirements (e.g. MiFID II, 15c3-5 etc.)
  • Good understanding of change management processes, including approval workflows, supporting documentation, test phases, roles/responsibilities etc.
  • Good understanding of financial markets and global markets businesses (particular focus on Global Equities)
  • Excellent communication and interpersonal skills
  • Ability to work under pressure
  • Skilled at navigating data challenges and propose/implement solutions
  • Knowledge of FIX protocol is a bonus but not a prerequisite
  • Ability to collaborate and execute key program requirements in a complex matrixed organization
  • Ability to take ownership of issues and drive to a successful delivery or outcome, including both tactical and strategic solutions
  • Demonstrates proven impact and influencing skills to engage cross-functional team members
  • Strong and recognized written and oral communication skills
  • Ability to work with ambiguity and to navigate a highly regulated environment

  • 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
  • Leaders who support your development through coaching and managing opportunities
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • Opportunities to do challenging work
  • Flexible work/life balance options

  • *Please note depending on the experience level, this role can be based at a Vice Prseident or Associate Level"

    About RBC
    Royal Bank of Canada is Canada's largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit .

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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 .

    Inclusion and Equal Opportunity Employment
    RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.


    City: Toronto
    Address: 200 Bay St - Trading Flr
    Work Hours/Week: 37.5+
    Work Environment: Office
    Employment Type: Permanent
    Career Level: Experienced Hire/Professional
    Pay Type: Salaried
    Required Travel (%): 0-25
    Exempt/Non-Exempt: N/A
    People Manager: No
    Application Deadline: 10/30/2020
    Req ID: 285256

    Posting Notes:
    Accounting Banking, Finance and Insurance