Associate, Market Data Governance - COO Group

RBC Capital Markets LLC

Jersey City (NJ)

On-site

USD 95,000 - 125,000

Full time

10 days ago

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Job summary

RBC Capital Markets LLC in Jersey City is seeking an Associate for the Market Data Services Compliance team. The role focuses on ensuring real-time market data use complies with licensing, exchanges, and internal governance.

It combines compliance, vendor management, and stakeholder engagement in a non-technical capacity. The position involves overseeing access controls, audits, policy enforcement, and cross-functional collaboration with Market Data Technology to embed compliance in new

Qualifications

Bachelor's degree in finance, business, economics, or related field, or equivalent 5 years' work experience in market data commercials or technology.
Client focus, strategic agility, priority setting, analytical thinking, integrity and trust.
Strong interpersonal and communication skills.
Ability to adapt to a changing environment.
Advanced knowledge in Excel.
Critical thinking with attention to detail in fast-paced, high-risk environments.

Responsibilities

Provide oversight on best practices of market data access control, monthly reporting requirements and audit trail capabilities within proprietary applications.
Participate in market data architecture forums and planning sessions to support projects (supply subject matter expertise).
Work closely with Market Data Technology teams on new implementations, ensuring compliance requirements are built in from the start.
Participate in exchange and supplier data use audits.
Maintain and prepare third-party provided exchange exhibits/agreements, application use questionnaires and network diagrams.
Communicate exchange announcements, vendor policies, and regulatory requirements for stakeholders under tight deadlines to ensure understanding of reporting obligations, policy changes, and pricing impacts.
Maintain awareness of third-party market data licensing policies (unit of count, netting, MISU, etc.).
Participate in industry working groups to lobby for consistent policies across data provider community.
Analyze and maintain communication of vendor data changes impacting users and applications.
Collaborate with business lines and technology partners to drive cost efficiency and optimization strategies for Real-time data while maintaining compliance integrity.
Guide junior team members in developing expertise across market data compliance methodologies and regulatory frameworks for North American, European, and Asian exchanges.

Skills

Active Learning

Adaptability

Customer Service

Decision Making

Critical Thinking

Effectiveness Measurement

Operational Delivery

Process Improvements

Business Appraisals

Job description

Job Description

What is the opportunity?

The global Market Data Services (MDS) team operates under the Chief Operating Officer and consists of three sub-groups (MDS Administration, MDS Solutions and MDS Compliance) who engage, strategize and support enterprise-wide businesses and stakeholders.

The Associate on the MDS Compliance team is responsible for ensuring that the organization's use of real-time market data complies with vendor licensing agreements, exchange policies, and internal governance frameworks. This role focuses on risk identification and mitigation, audit readiness, policy enforcement, and controls around how market data is consumed across applications, platforms, and user populations. The role is non-technical and operates at the intersection of compliance, vendor management, and business stakeholder engagement.

What will you do?

Provide oversight on best practices of market data access control, monthly reporting requirements and audit trail capabilities within proprietary applications
Participate in market data architecture forums and planning sessions to support projects (supplying subject matter expertise)
Work closely with Market Data Technology teams on new implementations, ensuring compliance requirements are built in from the start
Participate in exchange and supplier data use audits
Maintain and prepare third-party provided exchange exhibits/agreements, application use questionnaires and network diagrams
Communicate exchange announcement, vendor policies, and regulatory requirements for stakeholders under tight deadlines to ensure understanding of reporting obligations, policy changes, and pricing impacts.
Maintain awareness of third-party market data licensing policies (unit of count, netting, MISU, etc.)
Participate in industry working groups to lobby for consistent policies across data provider community
Analyze and maintain communication of vendor data changes impacting users and applications
Collaborate with business lines and technology partners to drive cost efficiency and optimization strategies for Real-time data while maintaining compliance integrity
Guide junior team members in developing expertise across market data compliance methodologies and regulatory frameworks for North American, European, and Asian exchanges.

What you need to succeed?

Bachelor's degree in finance, business, economics, or a related field; Or equivalent 5 years work experience in market data commercials or technology
Client Focus, strategic agility, priority setting, analytical thinking, aptitude for setting realistic expectations, integrity and trust
Strong interpersonal skills and communication skills
Ability to adapt to a changing environment
Advanced knowledge in Excel
Critical thinking with exceptional attention to detail, especially in fast-paced, high-risk environments

Industry experience required:

Subject matter expertise with low latency and consolidated feed market data suppliers (E.g.: Bloomberg, Refinitiv, etc.), distribution mechanisms and control systems (DACS, EMRS)
Deep knowledge in with major exchanges (NYSE, NASDAQ, LSE, TMX, etc.) including:
- completing Exhibit A or other exchange/third party documentation
- unit of count concepts and other exchange/third party contractual and reporting terminology
Deep knowledge communicating exchange policies and addressing compliance gaps
Knowledge of exchange direct feeds and understanding of network connectivity (TCP/IP, Unicast and Multicast protocol)
Previous experience in Capital Markets 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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
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.
Opportunities to do challenging work.
Opportunities to build close relationships with clients.

The expected salary range for this particular position is $95,000 - $125,000 depending on your experience, skills, and registration status, market conditions and business needs. You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

Drives RBC's high-performance culture
Enables collective achievement of our strategic goals
Generates sustainable shareholder returns and above market shareholder value

Note

Applications will be accepted until 11:59 PM on the day prior to the application deadline date above.

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

Job Skills