U.S. Trade Surveillance Analyst

RBC • Minneapolis, MN

8d • $55,000 - $95,000

About The Position

What is the opportunity? This US Trade Surveillance Analyst will perform second line of defense trade monitoring for firm and client trading activity to detect potential market abuse/manipulation practices for RBC Capital Markets. It will utilize vendor surveillance tools and internal systems to research alerts generated across different asset classes with an emphasis in Wealth management customer activity. What will you do? Review trading data emanating from multiple front-end trading systems, technology and third-party vendor systems and inform relevant compliance and legal folks of any suspicious activity or patterns of unusual trading. Explore surveillance methodologies used by the Trade Surveillance team and partner with relevant stakeholders to maximize the efficiency of existing reviews and identify potential new or enhanced controls. Evaluate ongoing calibrations with Surveillance members to determine the optimal mix of tuning and configuration to mitigate as much risk as possible while minimizing false positives (alert efficiency). Continue developing in-depth knowledge of financial markets and stay informed of regulatory changes and maintain subject matter expertise on surveillance industry trends and technology development Handle multiple projects, perform surveillance and deliver tasks in a timely manner. Provide support to targeted reviews in response to inquiries from Compliance, Legal, or Human Resources personnel; Interpret and investigate substantive findings for context and potential impact. What do you need to succeed? Must-have Minimum of 2-5 years of experience in the brokerage industry, providing familiarity with securities industry regulatory environment, practices and operations In-depth knowledge of the rules and regulations governing the securities industry Wealth Management advisory markets. Strong analytical and investigative skills Solid verbal and written communication skills Nice-to-have Capital Markets Trade Surveillance Experience Effective organizational skills, including the ability to prioritize between multiple priorities and deadlines. Ability to effectively analyze risk to the organization of potential issues discovered Ability to work independently and in a team setting Strong understanding of various products offered at RBCWM Individual with previous trade surveillance, compliance or trading experience at a broker-dealer 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 including bonuses and flexible benefits, competitive compensation, commissions, and 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 Flexible work/life balance options Opportunities to do challenging work Opportunities to take on progressively greater accountabilities Access to a variety of job opportunities across business The good-faith expected salary range for the above position is $55,000-$95,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements that comprise our total compensation package, which includes the following: commission sharing eligibility for select roles, a discretionary bonus, a paid time-off plan, our 401(k) program with company-matching contributions, and our health, dental, vision, life and disability insurance. 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

Requirements

• Minimum of 2-5 years of experience in the brokerage industry, providing familiarity with securities industry regulatory environment, practices and operations
• In-depth knowledge of the rules and regulations governing the securities industry Wealth Management advisory markets.
• Strong analytical and investigative skills
• Solid verbal and written communication skills

Nice To Haves

• Capital Markets Trade Surveillance Experience
• Effective organizational skills, including the ability to prioritize between multiple priorities and deadlines.
• Ability to effectively analyze risk to the organization of potential issues discovered
• Ability to work independently and in a team setting
• Strong understanding of various products offered at RBCWM
• Individual with previous trade surveillance, compliance or trading experience at a broker-dealer

Responsibilities

• Review trading data emanating from multiple front-end trading systems, technology and third-party vendor systems and inform relevant compliance and legal folks of any suspicious activity or patterns of unusual trading.
• Explore surveillance methodologies used by the Trade Surveillance team and partner with relevant stakeholders to maximize the efficiency of existing reviews and identify potential new or enhanced controls.
• Evaluate ongoing calibrations with Surveillance members to determine the optimal mix of tuning and configuration to mitigate as much risk as possible while minimizing false positives (alert efficiency).
• Continue developing in-depth knowledge of financial markets and stay informed of regulatory changes and maintain subject matter expertise on surveillance industry trends and technology development
• Handle multiple projects, perform surveillance and deliver tasks in a timely manner.
• Provide support to targeted reviews in response to inquiries from Compliance, Legal, or Human Resources personnel; Interpret and investigate substantive findings for context and potential impact.

Benefits

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and 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
• Flexible work/life balance options
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities
• Access to a variety of job opportunities across business

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed