Associate, Electronic Trading Supervision - Toronto, Canada - Royal Bank of Canada

Royal Bank of Canada

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Come Work with Us
At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title
Associate, Electronic Trading Supervision

PURPOSE

Support the Global Head of Electronic Trading Supervision, providing cross asset governance and oversight of Global Markets Electronic Trading businesses to meet internal/regulatory requirements and industry best practices
Delegated Supervisory responsibilities within Global Markets, primarily in relation to Electronic Trading. This also includes oversight of Algorithmic activity, a subset of Electronic Trading.
Inform, educate and drive Global Markets Electronic Trading decision making by senior management, in alignment with the firm's risk appetite

PRINCIPAL RESPONSIBILITIES

Execute supervisory activity as part of the Electronic Trading Supervisory programme, designed to meet internal and external requirements, with a specific focus on Global Equities
Ensure effective implementation, sustainability and oversight of designated FO Supervisory and Risk Management controls within Global Markets, specifically relating to Electronic Market Access and Algorithmic Trading
Keep abreast of regulatory change and guidance, analysing communications and policies in consideration of the impact on Global Markets from an Electronic Trading perspective
Support components of Regulatory Change Management and the implementation and ongoing Supervisory oversight of key regulatory initiatives on behalf of Front Office, including the management of BAU processes associated with each initiative
Support the Head of Electronic Trading Supervision with management reporting activities, including preparation of electronic trading management information, such as key risk indicators and key performance indicators
Ensure the Front Office has an accurate understanding of current, pending and proposed regulatory developments as they arise
Work closely with IT and Front Office to leverage expertise and technology where possible, in an effort to automate and reduce inefficiencies related to Supervisory reviews
Engage with internal audit and other control functions regarding businessdriven Supervisory oversight
Provide recommendations to Global Markets Management to ensure the GM strategy considers regulatory and policy requirements, anticipating impacts on the business plan
Foster, develop and maintain strong working relationships with senior functional and business management in order to adequately support the business
Proactively identify operational risk/control deficiencies in the business and assist in developing solutions / mitigating controls
Escalate operational risk loss events, control deficiencies and risks that you identify to your line manager and the relevant risk and control functions on a timely basis.

JOB SPECIFICATIONS AND QUALIFICATIONS

Basic Qualifications (Legislative Requirement)

Solid understanding of financial markets
Working knowledge of market surveillance scenarios, including disorderly market behaviour and market manipulation
Working knowledge of the Global Markets businesses with an awareness of relevant regulatory frameworks, with particular focus on market integrity
Ability to collaborate and execute key program requirements in a complex matrixed organization

Other Required Qualifications:

Ability to take ownership of issues and drive to a successful delivery or outcome
Ability to navigate data challenges and remediate/implement solutions, in particular understanding data quality and data lineage
Ability to work with ambiguity and navigate a highly regulated environment
Excellent communication and interpersonal skills
Ability to work under pressure, responding to demanding stakeholders with time sensitive deadlines

Suggested Qualifications:

Leadership behaviors
Drive to Impact, Adapt Quickly, Always Learn, Speak up for the good of RBC

KEY RELATIONSHIPS

Senior Management
GM Supervision
GM Sales and Trading
Key Functional Partners: Group Risk Management, Compliance, Legal, Operations, Internal Audit
Business Management

Job Summary
Support the Global Head of Electronic Trading Supervision, providing cross asset governance and oversight of Global Markets Electronic Trading businesses to meet internal/regulatory requirements and industry best practices

Address:

TORONTO, Ontario, Canada

City:

CAN-ON-TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Capital Markets

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2023-0