Manager, Trade Surveillance (Fixed Income\OTC Products)
About The Position
You will be part of the RBC Compliance Surveillance Team, which is a core, second-line-of-defense function within Compliance. This team 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. As Manager, Capital Markets Trade Surveillance, you will conduct daily and periodic reviews of sales and trading activities in Canada to detect potential market abuse/manipulation behavior or other misconduct concern focusing on Fixed Income, Commodities and OTC products. You will participate and contribute to team projects (alert parameter changes, working with Compliance IT), and keep detailed record keeping and compile surveillance statistics for periodic reporting. Regulatory or/and product knowledge of Fixed Income, Commodities or OTC products is also required.
Requirements
- Minimum 5 years of related work experience at a financial institution and/or regulated securities dealer/and or securities regulatory body.
- Strong understanding of Capital Markets’ trading products and business lines. (Preferable in Fixed Income, Commodities or OTC derivatives products)
- Knowledge of sales & trading regulatory and compliance requirements. (Eg. CIRO, OSC requirements)
- Required to adhere to personal trading policy
- Excellent analytical skills.
- Strong written and verbal communication skills
- University degree
Nice To Haves
- CSC, CPH and/or Trader Training Course
- Good understanding of typical market abuse and manipulation themes and patterns.
Responsibilities
- Conduct routine reviews of post trade surveillance alerts generated by different surveillance systems to detect potential market abuse/manipulation behavior; to ensure compliance with company policies and applicable market trading regulations (i.e. CIRO, OSC)
- Conduct routine reviews of Information Barrier Surveillance (IBS) to ensure compliance with company policies and applicable regulations (i.e. CIRO)
- Manage the escalation and resolution of items that may present concerns
- Identify potential areas of risk (financial, reputational, and regulatory), advise senior management of potential issues as they arise, make recommendations with regards to potential courses of action.
- Develop and maintain up-to-date surveillance procedures for all business lines covered.
- Compile and provide surveillance statistics for periodic reporting and conduct IT testing for tool enhancements.
- Conduct special projects as assigned by management including the escalation and resolution of potential gaps and identified issues
- Assist senior managers in building surveillance models and perform UAT testing for new surveillance tools/ models as required
Benefits
- bonuses
- flexible benefits
- competitive compensation
- commissions
- stock where applicable
- 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
- A world-class training program in financial services
- Flexible work/life balance options
- Opportunities to do challenging work
- Opportunities to take on progressively greater accountabilities
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What This Job Offers
Job Type
Full-time
Career Level
Manager
