Associate Director - Capital Markets Compliance Advisory

What is the opportunity?

As an Associate Director (AD), you will be part of RBC Capital Markets (CM) Compliance Advisory Team. The team is responsible for implementing and maintaining compliance programs and processes across RBC’s Global Markets businesses in Canada, within the context of RBC’s Enterprise Compliance Management Framework. As a subject matter expert, you will be providing compliance advisory support to Rates sales and trading team. Your compliance advisory coverage will also include Rates Futures traded in Montreal Exchange (MX) in Canada. You will be responsible for providing ongoing advice to the business on the impact of regulatory and internal change, as they occur, and to provide support for day-to-day inquiries. You will be conducting monitoring activities, updating/socializing Capital Market Policies administered by the Capital Markets Advisory team. Additionally, you will support and oversee the Regulatory Compliance Management (RCM) compliance programs in Canada (“Coverage Areas”) with respect to market and business conduct compliance. You will be participating in external or industry working groups as needed. You will also participate in internal working groups for any “requests for comments” as received from Canadian regulators where appropriate.

You will be working closely with other Compliance Advisory colleagues and provide back up support to the lines of businesses like Credit, Central Funding, Funding & Liquidity and Corporate Treasury.

What will you do?

• Support the Futures business by working closely with MX on SAM ID creation for any Approved person or for Sponsored Access clients.
• Ensure that individuals who has access to MX have the correct registration requirement and the database is updated on the back of any changes (new, delete or change).
• Perform annual review of the Sponsored Access clients as well Approved person.
• Update the business on any regulatory changes or updates coming from MX. Perform impact assessment as needed.
• Support the Rates Sales and Trading group on their day-to-day queries.
• Work closely with trade supervision and surveillance team to build a robust compliance program around New Issue review.
• Act as the subject matter expert from compliance in relation to trade and transaction reporting on primary and secondary debt trading.
• Work closely with other regional compliance teams on any Cross Border related activities specially where there is registration requirement to perform that activity.
• Assist in regulatory inquiries, examinations, and reporting responses.
• Lead the development of compliance programs with respect to mandated lines of businesses (LOBs) including maintenance of policies and procedures.
• Conduct periodic monitoring reviews to ensure the covered subject businesses comply with applicable regulations and policies.
• Provide annual and ad hoc trainings.
• Perform back-up duties for the Director, Capital Markets Compliance, and provide support to other colleagues as part of cross functional training in the team.

What do you need to succeed?

Must-have

• 5+ years of compliance experience in a financial institution, including a broker-dealer (ideally within a financial conglomerate) and/or Capital Markets, regulator.
• Strong familiarity with Global Markets businesses and asset classes.
• Strong understanding of MX regulations.
• Strong understanding of CIRO IDPC and UMIR rules.
• Good familiarity with MTRS.
• Strong communication and presentation skills in a group setting
• Ability to work in a fast-paced environment with tight deadlines.
• University degree in business, finance, economics, or other related fields.
• Completion of CSC, DFOL, Futures Licensing course preferred.
• Completion of CFA preferred.

Nice-to-have

• Dealt with highly complex issues, projects, and process.
• Strong organizational skills.
• Participated in relevant industry committees and events.

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 and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Flexible work/life balance options
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

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