Analyst, Regulatory Reporting (15 months Contract)

rbc; Toronto; On-site; CAD 70,000 - 110,000; Full time

Job summary

RBC is seeking a detail-oriented regulatory reporting professional to support OTC derivatives reporting. The role involves reconciliations, investigations, exception monitoring, and collaboration across Front, Middle and Back Office teams to ensure compliance with CFTC, CSA and SEC requirements.

The candidate will work with tools like Bloomberg, Sophis, TradeWeb, MarkitWire, Murex and DTCC, bringing strong communication and multi-tasking skills to a high-risk environment.

Qualifications

• 1+ years of operational experience in a busy, high risk environment.
• Bachelor's degree specializing in Business, Finance, Math or Engineering.
• Solid understanding of procedures and operational controls as they relate to systems and workflows.
• Detailed understanding of Capital Markets trading and the transaction lifecycle.
• Working knowledge of OTC Derivative products.
• Working knowledge of Regulatory Regimes (CFTC, CSA, SEC, EMIR, FCA).
• Excellent communication skills with strong written and verbal abilities.
• Able to manage multiple priorities, work under pressure and learn quickly.

Responsibilities

• Perform daily, weekly and monthly trade reporting reconciliations.
• Investigate and determine root causes leading to regulatory rejections.
• Perform daily Global Trade Repository daily exception monitoring and issue management.
• Conduct Daily Swap Surveillance Post Trade Exceptions monitoring and investigations in relevant systems.
• Ensure portfolio reconciliation discrepancies are investigated and resolved with counterparties.

Skills

Regulatory reporting

OTC derivatives

Regulatory regimes

Communication skills

Multitasking

Office apps

Education

Bachelor's degree in Business/Finance/Math/Engineering

Tools

Bloomberg

Sophis

TradeWeb

MarkitWire

Murex

DTCC

Job description

Job Description

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 CFTC, CSA and SEC for OTC Derivatives trading. The role will involve daily reconciliations, exception monitoring, portfolio reconciliation, investigation, issue management and MI reporting.

This role also support Regulatory Swap Surveillance Post Trade Exceptions including but not limited to CFTC, EMIR, FCA, CSA regulatory regimes and Clearing, SEF Trade Execution, and Business Conduct mandates to ensure compliance of OTC Derivatives as imposed by various global Regulators.

What will you do?

• Perform daily, weekly and monthly trade reporting reconciliations
• Perform investigations and determine root causes leading to regulatory rejections
• Perform daily Global Trade Repository daily exception monitoring and issue management
• Perform Daily Swap Surveillance Post Trade Exceptions Monitoring to analyze production exceptions and perform investigations in Trade Capture system, Swap Surveillance System/Rules Engine, and Party Static Data Systems to determine proper course of remediation
• Ensure any portfolio reconciliation discrepancies are actively investigated with the counterparties and follow-up on resolution in a timely manner
• Contribute and document business processes, controls and procedures, under supervision of the department lead
• To ensure all daily tasks / controls are completed in line with the departmental 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.
• Contribute and document business processes, controls and procedures, under supervision of the department lead
• 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.
• Work collaboratively with Front Office, Business and Client Services, Compliance, IT, Trading Documentation Team, Project Team and Client Data Management to resolve any regulatory reporting related exceptions
• Escalate trade reporting and swap surveillance exception 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's 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
• Working knowledge of Regulatory Requirement across various Regimes i.e. CFTC, CSA, SEC, EMIR, FCA and other global derivatives reform regimes
• Excellent communication skills - 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'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
• 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
• Fle