Senior Associate, Business Analyst

Royal Bank of Canada•Toronto, ON

4d•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
4+ years Big 4 Consulting/Advisory experience with regulatory focus
Deep understanding of US regulatory reporting requirements across multiple asset classes
Expert knowledge 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 expertise in change management including impact assessment, requirements gathering, UAT, and production verification
Project management methodology experience (Agile/Waterfall certification preferred)
Strong understanding of financial products: Equities, Listed Derivatives, Fixed Income, OTC Derivatives
Knowledge of complex options trading including allocations and position reporting
Understanding of data warehousing concepts and reference data sourcing
Basic SQL and VBA skills required
Experience with audit trail requirements and data lineage documentation
Excellent written and verbal communication skills with ability to present to senior executives
Strong relationship-building capabilities across all organizational levels
Demonstrated ability to influence and lead without direct authority
Exceptional attention to detail with zero-tolerance approach to reporting errors
Ability to work under pressure and adapt to rapidly changing regulatory environment
Strong problem-solving skills with demonstrated track record of innovative solutions
Proven dependability with consistent delivery against tight deadlines
High professional standards, integrity, and business judgment

Nice To Haves

Python or other data analysis tools preferred
Broadridge and Fidessa platform experience
Previous Regulatory Examination experience
Advanced degree (MBA, CFA, or equivalent)
Financial services industry certifications
Training and mentoring experience with junior staff

Responsibilities

Conduct comprehensive impact assessments for new business initiatives, rule changes, and system modifications affecting reporting processes
Lead User Acceptance Testing (UAT) strategy development, document detailed test cases, and execute testing for regulatory, business, and control changes
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
Serve as primary escalation point for junior staff on complex regulatory reporting issues
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
Manage vendor relationships with external reporting platforms including vendor platforms such as Broadridge, Fidessa and n-Tier
Conduct forward-looking regulatory impact analysis for proposed rule changes and industry developments
Participate in regulatory change committees and provide subject matter expertise on implementation timelines
Develop business cases for Technology enhancements and process improvements
Maintain regulatory calendar and coordinate firm-wide preparation for compliance deadlines
Own operational risk assessment for assigned reporting areas
Maintain key risk indicators and escalate threshold breaches
Ensure compliance with internal controls and audit requirements
Report regulatory risks to compliance and senior stakeholders