OTC Derivatives Regulatory Reporting Specialist

Socket.dev; Toronto; On-site; CAD 90,000 - 130,000; Full time

Benefits offered by this job

Total rewards program

Coaching and development

Dynamic team environment

Job summary

RBC in Toronto is seeking a Regulatory Operations specialist to ensure compliance with global OTC derivatives reporting rules. You will perform reconciliations, investigate rejections, and monitor trade repository exceptions while collaborating with Front Office, Compliance and IT to resolve issues.

The ideal candidate has a background in capital markets, strong communication skills, and the ability to manage multiple priorities in a fast-paced environment.

Qualifications

• 1+ years of operational experience in a busy, high risk environment
• Bachelor’s degree in Business, Finance, Math or Engineering
• Solid understanding of procedures and operational controls as they relate to systems and work flows
• Detailed understanding of Capital Markets trading and OTC Derivatives lifecycle
• Working knowledge of regulatory regimes (CFTC, CSA, SEC, EMIR, FCA)
• Excellent communication skills and ability to manage multiple priorities under pressure
• Familiarity with front, middle and back office applications (Bloomberg, Sophis, TradeWeb, MarkitWire, Murex, DTCC)
• Proficient in Microsoft Office Suite (Outlook, Excel, PowerPoint)

Responsibilities

• Perform daily, weekly and monthly trade reporting reconciliations
• Investigate root causes of regulatory rejections
• Monitor daily global trade repository exceptions
• Analyze post-trade exceptions in swap surveillance systems to determine remediation
• Investigate and resolve portfolio reconciliation discrepancies with counterparties
• Document business processes, controls and procedures under supervision
• Support colleagues during busy periods by sharing workloads
• Ensure adherence to training requirements and continue to develop product knowledge
• Collaborate with Front Office, Compliance, IT and operations to resolve regulatory reporting issues
• Escalate issues to Senior Management and Compliance as needed
• Aim for highest levels of customer service and process efficiency
• Communicate effectively with stakeholders from initiation to close

Skills

Regulatory reporting

Trade monitoring

Analytical thinking

Communication skills

Prioritization under pressure

Attention to detail

Education

Bachelor's degree in Business, Finance, Math or Engineering

Tools

Bloomberg

Sophis

TradeWeb

MarkitWire

Murex

DTCC

Microsoft Office Suite

Job description

RBC in Toronto is seeking a Regulatory Operations specialist to ensure compliance with global OTC derivatives reporting rules. You will perform reconciliations, investigate rejections, and monitor trade repository exceptions while collaborating with Front Office, Compliance and IT to resolve issues.

The ideal candidate has a background in capital markets, strong communication skills, and the ability to manage multiple priorities in a fast-paced environment.