Associate, Business Analyst

Royal Bank of Canada•Jersey City, NJ

4d•$75,000 - $85,000•Onsite

About The Position

The US Regulatory Services Function ensures timely, accurate, and complete reporting to exchanges, self-regulatory organizations, and the SEC. This Senior Business Analyst role serves as a subject matter expert responsible for operational execution, strategic planning, and process optimization within regulatory reporting. The position focuses on remediating identified issues, developing control frameworks, managing risk assessments, and supporting regulatory and business change initiatives. The Business Analyst will research and respond to regulatory inquiries and examinations while representing the department across the organization. Key reporting areas include Electronic Blue Sheets (EBS), Consolidated Audit Trail (CAT), LOPR, Short Interest, TRACE, MSRB, QFC, OFR NCCBR, FR-Y15, Volcker TVM, and other emerging regulatory requirements. This role collaborates extensively with business groups, Compliance, Legal, Finance, and Technology teams.

Requirements

Bachelor’s Degree in Engineering, Business, Finance, or related field
At least a year of Big 4 Consulting/Advisory experience with regulatory focus
Familiarity through experience of US regulatory reporting requirements across multiple asset classes
Deep understanding of trade lifecycle (Orders, Executions, Allocations) and Middle Office processing
Advanced proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Visio) including advanced Excel functions
Demonstrated experience in change management including impact assessment, requirements gathering, UAT, and Post Implementation Verification
Project management methodology experience (Agile/Waterfall certification preferred)

Nice To Haves

Understanding of data warehousing concepts and reference data sourcing
Basic SQL and VBA skills preferred; Python or other data analysis tools a plus
Experience with audit trail requirements and data lineage documentation
Broadridge and Fidessa platform experience

Responsibilities

Conduct comprehensive impact assessments for new business initiatives, rule changes, and system modifications affecting reporting processes.
Conduct User Acceptance Testing (UAT) that includes documentation of detailed test cases, Test Execution for regulatory, business, and control changes as well as stakeholder communication on the status of the tests.
Coordinate remediation of reporting anomalies through JIRA workflow management, requirements documentation, and validation testing.
Prepare for and support regulatory examinations by organizing documentation and coordinating responses.
Drive process improvement initiatives by identifying automation opportunities and implementing efficiency enhancements.
Design, implement, and maintain controls ensuring timeliness, accuracy, and completeness of all regulatory reporting.
Develop and own performance management metrics across daily, weekly, and monthly regulatory reports.
Conduct periodic reviews of the regulatory reports and ensure adherence to the current requirements.
Produce periodic presentations for senior management highlighting regulatory metrics, risk exposures, and Change Management progress.
Serve as primary liaison for Regulatory Services on cross-functional projects, ensuring proactive communication of program impacts and prioritization.
Document, maintain, and train teams on all procedures with periodic review cycles.
Liaise with external reporting platforms including vendor platforms such as Broadridge, Fidessa and n-Tier.