Senior Manager, Capital Markets Trade Surveillance (Equites and Listed Derivatives)

Job Summary

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.

The Senior Manager, Markets Surveillance will lead, manage, and develop a team of approximately 6 trade surveillance specialists who are responsible for conducting daily, weekly, and monthly reviews of surveillance alerts focusing on Equities and Listed Derivatives products for all applicable LOBs in Canada.

What will you do?

• Lead a trade surveillance program for Equities and Listed Derivatives products to ensure an effective monitoring program which successfully addresses the regulatory requirements set out in CIRO Rules, Exchange Rules and RBC Policies focusing on market abuse and market manipulation for Capital Markets, Wealth Management (DS) and Direct Investing.
• Ensure that the firm’s Capital Markets, Wealth Management (DS) and Direct Investing’s trading reviews and monitoring of other sales practices are completed in accordance with RBC policies and regulatory requirements.
• Collaborate with the global surveillance team in its responsibility for the development, enhancement and maintenance of the surveillance scenarios, applications, and platforms.
• Contribute to the Quality Assurance Program for listed products, including suggestions for targeted reviews to enhance the Surveillance program.
• Continuous assessment of Equities and Listed Derivatives surveillance techniques, ensuring coverage is focused and risk based in line with regulatory requirements, expectations and guidance and in line with RBC’s business operations.
• Identify potential areas of risk (financial, reputational, and regulatory) or surveillance trends that may lead to preventative or proactive projects.
• Present to senior management potential issues as they arise, make recommendations with regards to courses of action
• Work with Information Technology to ensure systems and tools supporting the markets surveillance program meet Compliance requirements.
• Help develop and maintain up-to-date surveillance policies and procedures covering Capital Markets, Wealth Management and Direct Investing for listed products.
• Provide periodic Surveillance statistic reports to Capital Markets / Wealth Management (DS) / Direct Investing Chief Compliance Officers / Advisory teams for RCR’s and ad hoc status and reporting on the state of the surveillance program, detailing the identification and status of significant risk and compliance issues.
• In response to external or internal audit issues : develop, manage, implement, and govern action plans dedicated to making appropriate modifications to correct the issue(s).
• Keep abreast of new or proposed regulatory changes and help determine if it will have an effect on our markets surveillance program.
• Employ strategic vision to plan future technology and program needs based on regulatory and industry trends.
• Ensure team is fully staffed, trained and cross-trained for adequate coverage during any absences.
• Coach and mentor team members on their career development as well as foster better collaborative, innovative and supportive team culture.

What do you need to succeed?

Must-have

• Minimum 5 to 7 years of related work experience at a financial institution and / or regulated securities dealer / and or securities regulatory body with minimum 2 years of trade surveillance or front office trading supervision or sales & trading internal control experience.
• Able to demonstrate people leadership and management experience to build high performing team.
• In-depth understanding of trading, equities and listed derivatives products and Capital Markets / Wealth Management lines of business.
• Strong understanding of different type of market misconduct behaviors;
• Knowledge of regulatory and compliance requirements. (Eg. CIRO UMIR, OSC, TSX and Montreal Exchanges, CSA);
• Exposure to automated trade surveillance solutions; (Eg. Smarts)
• Outstanding leadership, communication, analytical and problem-solving skills;
• Capable of managing multiple tasks and meeting stringent deadlines;
• University degree
• Completion of CSC, CPH and / or Trader Training Course.

Nice-to-have

• Equities or listed derivatives trading experience.
• Experience with data analytics tool (Eg. Tableau).

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 an agile, collaborative, progressive, and high-performing team
• The opportunity to interface with senior level executives from many different parts of the organization.

Job Skills

Audits Compliance, Capital Markets, Compliance Programs, Critical Analysis, Critical Thinking, Data Gathering Analysis, Decision Making, Financial Regulation, Industry Knowledge, Interpersonal Relationship Management, People Management, Product Services, Regulatory Requirements, Risk Management, Strategic Thinking, Surveillance Techniques

Additional Job Details

Address :

RBC CENTRE, 155 WELLINGTON ST W : TORONTO

City : TORONTO

TORONTO

Country : Canada

Canada

Work hours / week : 37.5

37.5

Employment Type : Full time

Full time

Platform :

CHIEF LEGAL & ADMIN OFFICE GRP

Job Type : Regular

Regular

Pay Type : Salaried

Salaried

Posted Date : 2024-10-23

2024-10-23

Application Deadline :

2024-11-20

I nclusion 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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