Manager, Trade Surveillance (Fixed Income\Equities\OTC Products)
Top Benefits
About the role
Job Description
What is the opportunity?
You will be part of the RBC Compliance Surveillance Team, which is a core, global, second-line-of-defense function within Compliance that works closely with the first-line and the third-line (Internal Audit) and other second-line functions as part of an integrated controls framework. It performs routine (mostly automated), post-event monitoring of trading activity and communications (electronic and voice) for controlling and mitigating specific relevant risks(e.g. market abuse and manipulation) associated with the supported Capital Markets and Wealth Management businesses.
As Manager, Capital Markets Trade Surveillance, you will conduct daily and periodic reviews of sales and trading activities in Canada to detect potential market abuse/manipulation behavior or other misconduct concern focusing on Fixed Income, Commodities and OTC products. You will participate and contribute to team projects (alert parameter changes, working with Compliance IT), and keep detailed record keeping and compile surveillance statistics for periodic reporting. Regulatory or/and product knowledge of Fixed Income, Commodities or OTC products is also required.
What will you do?
- Conduct routine reviews of post trade surveillance alerts generated by different surveillance systems to detect potential market abuse/manipulation behavior; to ensure compliance with company policies and applicable market trading regulations (i.e. CIRO, OSC)
- Conduct routine reviews of Information Barrier Surveillance (IBS) to ensure compliance with company policies and applicable regulations (i.e. CIRO)
- Manage the escalation and resolution of items that may present concerns
- Identify potential areas of risk (financial, reputational, and regulatory), advise senior management of potential issues as they arise, make recommendations with regards to potential courses of action.
- Develop and maintain up-to-date surveillance procedures for all business lines covered.
- Compile and provide surveillance statistics for periodic reporting and conduct IT testing for tool enhancements.
- Conduct special projects as assigned by management including the escalation and resolution of potential gaps and identified issues
- Assist senior managers in building surveillance models and perform UAT testing for new surveillance tools/ models as required
What do you need to succeed?
**Must-have **
- Minimum 5 years of related work experience at a financial institution and/or regulated securities dealer/and or securities regulatory body.
- Strong understanding of Capital Markets’ trading products and business lines. (Preferable in Fixed Income, Commodities or OTC derivatives products)
- Knowledge of sales & trading regulatory and compliance requirements. (Eg. CIRO, OSC requirements)
- Required to adhere to personal trading policy
- Excellent analytical skills.
- Strong written and verbal communication skills
- University degree
**Nice-to-have **
- CSC, CPH and/or Trader Training Course
- Good understanding of typical market abuse and manipulation themes and patterns.
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
- A world-class training program in financial services
- Flexible work/life balance options
- Opportunities to do challenging work
- Opportunities to take on progressively greater accountabilities
- Opportunities to building close relationships with clients
- Access to a variety of job opportunities across business and geographies
#LI-POST
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Manager, Trade Surveillance (Fixed Income\Equities\OTC Products)
Top Benefits
About the role
Job Description
What is the opportunity?
You will be part of the RBC Compliance Surveillance Team, which is a core, global, second-line-of-defense function within Compliance that works closely with the first-line and the third-line (Internal Audit) and other second-line functions as part of an integrated controls framework. It performs routine (mostly automated), post-event monitoring of trading activity and communications (electronic and voice) for controlling and mitigating specific relevant risks(e.g. market abuse and manipulation) associated with the supported Capital Markets and Wealth Management businesses.
As Manager, Capital Markets Trade Surveillance, you will conduct daily and periodic reviews of sales and trading activities in Canada to detect potential market abuse/manipulation behavior or other misconduct concern focusing on Fixed Income, Commodities and OTC products. You will participate and contribute to team projects (alert parameter changes, working with Compliance IT), and keep detailed record keeping and compile surveillance statistics for periodic reporting. Regulatory or/and product knowledge of Fixed Income, Commodities or OTC products is also required.
What will you do?
- Conduct routine reviews of post trade surveillance alerts generated by different surveillance systems to detect potential market abuse/manipulation behavior; to ensure compliance with company policies and applicable market trading regulations (i.e. CIRO, OSC)
- Conduct routine reviews of Information Barrier Surveillance (IBS) to ensure compliance with company policies and applicable regulations (i.e. CIRO)
- Manage the escalation and resolution of items that may present concerns
- Identify potential areas of risk (financial, reputational, and regulatory), advise senior management of potential issues as they arise, make recommendations with regards to potential courses of action.
- Develop and maintain up-to-date surveillance procedures for all business lines covered.
- Compile and provide surveillance statistics for periodic reporting and conduct IT testing for tool enhancements.
- Conduct special projects as assigned by management including the escalation and resolution of potential gaps and identified issues
- Assist senior managers in building surveillance models and perform UAT testing for new surveillance tools/ models as required
What do you need to succeed?
**Must-have **
- Minimum 5 years of related work experience at a financial institution and/or regulated securities dealer/and or securities regulatory body.
- Strong understanding of Capital Markets’ trading products and business lines. (Preferable in Fixed Income, Commodities or OTC derivatives products)
- Knowledge of sales & trading regulatory and compliance requirements. (Eg. CIRO, OSC requirements)
- Required to adhere to personal trading policy
- Excellent analytical skills.
- Strong written and verbal communication skills
- University degree
**Nice-to-have **
- CSC, CPH and/or Trader Training Course
- Good understanding of typical market abuse and manipulation themes and patterns.
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
- A world-class training program in financial services
- Flexible work/life balance options
- Opportunities to do challenging work
- Opportunities to take on progressively greater accountabilities
- Opportunities to building close relationships with clients
- Access to a variety of job opportunities across business and geographies
#LI-POST
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.