Job Description

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\xe2\x80\x99re 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 Analyst, Regulatory Reporting



What is the opportunity?

The CM Canadian Regulatory Services group is responsible for ensuring the ever changing regulatory reporting requirements imposed by various global Regulators for OTC Derivatives are successfully implemented and executed.

This role is responsible for ensuring compliance with the trade reporting regulations including but not limited to Dodd Frank, EMIR, CSA, ASIC, HKMA, SEC and MAS for OTC Derivatives trading. The role will involve daily reconciliations and exception monitoring, investigation, issue management and MI reporting.

What will you do?

• Perform daily and weekly trade reporting reconciliations
• Perform investigations and determine root causes leading to regulatory rejections
• Perform daily Global Trade Repository warning report review, daily exception monitoring and issue management
• Counterparty reconciliations to Global Trade Repository
• Perform onboarding processes related to portfolio reconciliation.
• Ensure any portfolio reconciliation discrepancies are actively investigated with the counterparties and follow-up on resolution in a timely manner.
• To ensure all daily tasks / controls are completed in line with the departmental PRIMA maps and procedures.
• To continue to develop product / market knowledge to ensure daily processes are appropriate to reduce operational risks.
• To investigate any processing issues and recommend a course of action to the Team Manager. Once approved, assist in the execution of the proposed change.
• To support colleagues during busy periods by sharing workloads as applicable.
• To adhere to mandatory training requirements and take a proactive approach to suggesting appropriate additional training as required for the role.
• Liaise with Front Office, Business and Client Services, Compliance, IT, Trading Documentation Team, and Client Data Management to resolve any client issues
• Escalate trade reporting issues to Senior Management and Compliance as deemed necessary
• Achieve and maintain highest levels of customer Service
• Analyze current state processes to provide suggestions for process re-engineering and technology implementation to improve efficiency and controls.
• Effectively communicate and build rapport with team members, stakeholders and business partners using a variety of techniques and collaboration from initiation to close.

What do you need to succeed?

Must-have

• 1+ years of operational experience in a busy, high risk and demanding operational environment
• Bachelor\xe2\x80\x99s degree specializing in Business, Finance, Math or Engineering
• Solid understanding of procedures and operational controls as they relate to systems and work flows
• Detailed understanding of the fundamentals of Capital Markets trading and the transaction lifecycle
• Working knowledge of OTC Derivative products
• Knowledge of Dodd Frank title VII, EMIR, CSA and other global derivatives reform regimes
• Excellent communication skills \xe2\x80\x93 both verbal and written, including presentation skills
• Able to manage multiple priorities, work under pressure, learn quickly, and perform new tasks accurately, effectively, and efficiently
• Familiarity with front, middle and back office applications (Bloomberg, Sophis, TradeWeb, MarkitWire, Murex, DTCC etc.)
• Skillful in Microsoft Office Suite (Outlook, Excel, Access, PowerPoint, Word, Visio, etc.)

Nice-to-have

• Detailed understanding of RBC Capital Markets organizational structure (front office sales and trading, middle office, product control, back office operations, regulatory/compliance, etc.)
• Proficiency in VBA (Visual Basic for Applications) or Python is an asset

What\xe2\x80\x99s 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

Job Summary

Address: TORONTO, Ontario, Canada

City: CAN-ON-TORONTO

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: Capital Markets

Job Type: Regular

Pay Type: Salaried

Posted Date: 2023-02-24-08:00

Application Deadline: 2023-03-11-08:00

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.

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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 rbc.com/careers.

Royal Bank of Canada