Team lead - Regulatory Reporting, Associate Director

Royal Bank of Canada•Jersey City, NJ

21h•$125,000 - $190,000•Onsite

About The Position

US Regulatory Services is responsible for ensuring timely, accurate, and complete reporting to various exchanges, self-regulatory organizations, and the SEC. The individual in this role is primarily responsible for day-to-day operational execution to broader planning within the area of expertise. This includes direct or indirect supervision of junior employees in a manager or Team Lead capacity as well as direct “ownership” of functions. Functions within the team includes remediating issues identified; control and risk management and reporting process improvement; providing support for regulatory change initiatives; and researching and responding to regulatory inquiries and exams. Additionally, the individual will utilize subject matter expertise while representing the department or function at a broader level. Additional responsibilities may include performing user testing for existing process enhancements, documenting new procedures related to new reports on-boarded while acting as a go-to-person/escalation point for questions from junior analysts and other areas. This role focuses on multiple forms of regulatory reporting, such as Consolidated Audit Trail, Customer and Account Information System, Electronic Blue Sheets, Large Options Position Report, Short Interest, TRACE, MSRB, Qualified Financial Contract Recordkeeping, and more. The role works closely with several areas of the Firm to support the above functions, including various business groups within the Firm, Compliance, Legal, Finance, and Technology.

Requirements

Bachelor’s Degree or Equivalent Required, preferably in Engineering or Business or a related subject
Understanding of financial products (Equities, Listed Derivatives, Fixed Income, and/or OTC Derivatives)
Strong understanding of the trade life cycle (Orders, Executions, Allocations) is required
Some understanding of Middle Office Trade Processing is required
Some experience in Front Office / Middle Office trade processing is a plus
Management experience is a plus
Strong proficiency in MS Word, Excel (inclusive of Pivot Tables and VLOOKUPs), PowerPoint, and Outlook
Ability to work well under pressure, adapt to unexpected events, prioritize and multi-task in a deadline driven environment
High attention to detail
Ability to maintain high standards despite pressing deadlines
Ability to solve problems quickly and efficiently
Demonstrated dependability and sense of urgency about getting results
Requires excellent interpersonal and communication skills
Ability to build strong working relationships with people at all organizational levels
Must have excellent judgment, professionalism and integrity
Team player with a positive attitude

Nice To Haves

FINRA Series 99 or other certifications, good to have.

Responsibilities

Fully knowledgeable on the day-to-day reporting activities and ensures all procedures are followed for assigned reports, primarily CAT and EBS. This includes direct or indirect supervision of junior employees in a manager or Team Lead capacity as well as direct “ownership” of functions
As required, serves as a final reviewer for assigned regulatory reporting submissions
Acts as an effective layer of escalation for junior or less experienced staff on complex issues
Support the development and implementation of controls to ensure the timeliness, accuracy and completeness of reporting, and resolve any exceptions identified
Responsible for prioritization of reporting anomaly issues, which may include requirement development
May be responsible to produce presentations for a range of stakeholders highlighting achievements, reporting metrics, and other relevant material
May be responsible for assisting with impact assessment of system / business changes
Develops and harnesses ideas for continuous process improvement
Document, revise and maintain procedures as required; ensure team is trained on all procedures
May have management responsibilities for a small team or serve as a Functional SME
May be assigned to work on projects outside of responsibilities listed above

Benefits

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.

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