• Job Description

  Req#: R-0000051465

  Come Work with Us!
  
  At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.
  
  Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

  Job Title

  Associate, Electronic Trading Supervision

  Job Description

  What is the opportunity?

  • Support the Global Head of Electronic Trading Supervision, providing cross asset governance and oversight of Global Markets Electronic Trading businesses to meet internal/regulatory requirements and industry best practices
  • Delegated Supervisory responsibilities within Global Markets, primarily in relation to Electronic Trading. This also includes oversight of Algorithmic activity, a subset of Electronic Trading.
  • Inform, educate and drive Global Markets Electronic Trading decision making by senior management, in alignment with the firm’s risk appetite

  What will you do?

  • Execute supervisory activity as part of the Electronic Trading Supervisory programme, designed to meet internal and external requirements, with a specific focus on Global Markets Macro and Spread businesses.
  • 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 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
  • 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
  • Engage with internal audit and other control functions regarding business-driven Supervisory oversight
  • Provide 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
  • 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.

  What do you need to succeed?

  Basic Qualifications:

  • Solid understanding of financial markets
  • Working knowledge of market surveillance scenarios, including disorderly market behaviour and market manipulation
  • Working knowledge of the Global Markets businesses with an awareness of relevant regulatory frameworks, with particular focus on market integrity
  • Ability to collaborate and execute key program requirements in a complex matrixed organization

  Other Required Qualifications:

  • Ability to take ownership of issues and drive to a successful delivery or outcome
  • Ability to navigate data challenges and remediate/implement solutions, in particular understanding data quality and data lineage
  • Ability to work with ambiguity and navigate a highly regulated environment
  • Excellent communication and interpersonal skills
  • Ability to work under pressure, responding to demanding stakeholders with time sensitive deadlines

  Suggested Qualifications:

  • Leadership behaviors – Drive to Impact, Adapt Quickly, Always Learn, Speak up for the good of RBC

  Key Relationships:

  • Senior Management
  • GM Supervision
  • GM Sales and Trading
  • Key Functional Partners: Group Risk Management, Compliance, Legal, Operations, Internal Audit
  • Business Management

  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 building close relationships with clients

  The good-faith expected salary range for the above position is $150,000 - $175,000 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 culture
  • Enables collective achievement of our strategic goals
  • Generates sustainable shareholder returns and above market shareholder value

  Job Summary

  Address:

  New York, New York, United States of America

  City:

  USA-NY-NEW YORK

  Country:

  United States of America

  Work hours/week:

  40

  Employment Type:

  Full time

  Platform:

  Capital Markets

  Job Type:

  Regular

  Pay Type:

  Salaried

  Posted Date:

  2023-03-02-08:00

  Application Deadline:

  2023-03-03-08:00

  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.
  
  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.

  Join our Talent Community
  
  Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
  
  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 rbc.com/careers.

• About the company

  Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Com...

Notice