Associate, Electronic Trading Supervision
RBC Capital Markets
Job Description
What is the Opportunity?
The role of an Associate, is to support the Director of Electronic Trading Supervision, taking ownership for leading delivery of the Electronic Trading Supervisory Programme, designed to adequately meet internal/regulatory requirements and industry best practices. Within this role, Supervisory responsibilities within Global Markets, primarily in relation to Electronic Trading, will be delegated.
RBC’s expectation is that all employees and contractors will work in the office with some flexibility to work up to 1 day per week remotely, depending on working arrangements.
What will you do?
Execute supervisory activity as part of the Electronic Trading Supervisory programme, designed to meet internal and external requirements, with specific focus on Europe
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
Keep abreast of regulatory change and guidance, analysing communications and policies in consideration of the impact on Global Markets from an Electronic Trading perspective
Support components of Regulatory Change Management and the implementation and ongoing Supervisory oversight of key regulatory initiatives on behalf of Front Office, including the management of BAU processes associated with each initiative
Support the Director 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 alongside front-office and technology teams to understand how electronic trade flows are controlled. Inventory and assess the effectiveness of automated controls in those trade flows.
Ensure the Front Office has an accurate understanding of current, pending and proposed regulatory developments as they arise
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
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 and control colleagues across RBC such as legal, compliance, risk, audit, regulators and technology control functions in order to adequately support the business
Proactively identify operational risk/control deficiencies in the business and assist in developing solutions / mitigating controls
Escalate operational risk loss events, control deficiencies and risks that you identify to your line manager and the relevant risk and control functions on a timely basis
Anticipate and proactively seek out future challenges to ensure future-proofing electronic trading activity
What do you need to succeed?
Must Have
Undergraduate degree, preferably finance, engineering or computer science based
Proven experience in a global markets business/setting, or equivalent experience in a management consultancy/advisory capacity
Solid understanding of financial markets and capital markets products, in particular core principles relating to electronic and algorithmic trading
An awareness of relevant regulatory frameworks such as MiFID II RTS 6, and familiarity with other global algorithmic trading regulatory requirements
Experience creating and presenting committee materials to senior stakeholders
Experience interacting with front office/trading professionals
Working knowledge of market surveillance scenarios, including disorderly market behaviour and market manipulation
Understanding of core technology processes, in particular change management, and associated risks and controls
Comfortable working in a fast-paced environment
Ability to work under pressure, responding to demanding stakeholders with time sensitive deadlines
Ability to collaborate and execute key program requirements in a complex organization with global teams and reporting lines
Ability to take ownership of issues and drive to a successful delivery or outcome, including both tactical and strategic solutions
Excellent communication and interpersonal skills
Ability to navigate data challenges and remediate /implement solutions
Keen attention to detail
Nice to Have
Master’s degree, preferably in engineering or computer science
Specific product knowledge relating Macro and Futures products
Expertise in specific data visualisation tools such as Tableau Programming knowledge (SQL, R, Python etc.) is advantageous but not mandatory
Ability to work with ambiguity and navigate a highly regulated environment
Experience leading complex global cross-business projects
Leadership behaviors – Drive to Impact, Adapt Quickly, Always Learn, Speak up for the good of RBC
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 applicable
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
Agency Notice
RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.
Job Skills
Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, TeamworkAdditional Job Details
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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.