Senior Manager, Capital Markets Trade Surveillance (Fixed Income and OTC Products)

Job Summary

Job Description

What is the opportunity?

You will be part of the RBC Compliance Surveillance Team, which is a core, global, second line-of-defense function within Compliance that works closely with the first-line and the third-line (Internal Audit) and other second-line functions as part of an integrated controls framework.

It performs routine (mostly automated), post-event monitoring of trading activity and communications (electronic and voice) for controlling and mitigating specific relevant risks (e.

g. market abuse and manipulation) associated with the supported Capital Markets and Wealth Management businesses.

The Senior Manager, Markets Surveillance will lead, manage and develop a team of fixed income trade surveillance specialists and a team of communication surveillance specialists who are responsible for conducting daily, weekly, and monthly reviews of surveillance alerts focusing on fixed income / OTC products for all applicable LOBs.

What will you do?

• Lead a team of 4 trade surveillance analysts to execute the trade surveillance program effectively to address applicable regulatory requirements set out in CIRO Rules and RBC Policies for Capital Markets, Wealth Management (DS) and Direct Investing covering Fixed Income and OTC products
• Ensure surveillance reviews are completed in accordance with Surveillance Procedures, RBC policies and regulatory requirements.

Help develop and maintain up-to-date surveillance policies and procedures for fixed Income and OTC surveillance scenarios.

• Collaborate with the global team in its responsibility for the development, enhancement and maintenance of surveillance applications and platforms
• Continuous assessment of fixed income and OTC surveillance techniques, ensuring coverage is focused and risk based in line with regulatory requirements, expectations, and guidance in line with RBC's business operations
• Present to senior management potential issues as they arise, make recommendations with regards to courses of action
• Work with Information Technology to ensure systems and tools supporting the markets surveillance program meet Compliance requirements
• Assist in responding to external or internal audit issues : develop, manage, implement, and govern action plans dedicated to making appropriate modifications to correct the issue(s)

What do you need to succeed?

Must-have

• Minimum 5 to 7 years of related work experience at a financial institution and / or regulated securities dealer / and or securities regulatory body with minimum 2 years of management experience
• Strong understanding of Fixed Income and OTC trading products, Capital Markets business lines and roles of participants.
• Knowledge of regulatory and compliance requirements. (Eg. CIRO, OSC requirements, Exchanges requirements)
• Strong understanding of different type of market abuse / market manipulation behaviors
• Outstanding leadership, communication, analytical and problem-solving skills.
• University degree

Nice-to-have

• CSC, CPH and / or Trader Training Course
• Some degree of comfort with technology and a functional understanding of how technology can be applied to surveillance solutions

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 an agile, collaborative, progressive, and high-performing team
• The opportunity to interface with senior level executives from many different parts of the organization

Job Skills

Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Financial Regulation, Industry Knowledge, Interpersonal Relationship Management, Product Services, Risk Management, Strategic Thinking