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Job Description
What is the opportunity?
The CM Canadian Regulatory Services group is responsible for ensuring the ever changing Regulatory Reporting requirements imposed by various global Regulators for OTC Derivatives are successfully implemented and executed.
This role is responsible for ensuring compliance with the trade reporting regulations including but not limited to CFTC, SEC, CSA, EMIR, ASIC, MAS and HKMA Trade Reporting for OTC Derivatives trading. The role will involve daily reconciliations and exception monitoring, investigation, issue management and MI reporting.
What will you do?
Perform daily and weekly trade reporting reconciliations
Perform investigations and determine root causes leading to regulatory rejections
Perform daily Global Trade Repository warning report review, daily exception monitoring and issue management
Monthly MI reporting and daily Valuation health checks
To ensure all daily tasks / controls are completed in line with the departmental procedures
To continue to develop product / market knowledge to ensure daily processes are appropriate to reduce operational risks
To investigate any processing issues and recommend a course of action to the Team Manager. Once approved, assist in the execution of the proposed change
To support colleagues during busy periods by sharing workloads as applicable
To adhere to mandatory training requirements and take a proactive approach to suggesting appropriate additional training as required for the role
Liaise with Front Office, Business and Client Services, Compliance, IT, Trading Documentation Team, and Client Data Management to resolve any client issues
Escalate trade reporting issues to Senior Management and Compliance as deemed necessary
Achieve and maintain highest levels of customer Service
Analyze current state processes to provide suggestions for process re-engineering and technology implementation to improve efficiency and controls
Effectively communicate and build rapport with team members, stakeholders and business partners using a variety of techniques and collaboration from initiation to close
What do you need to succeed?
Must-have
1+ years of operational experience in a fast pace, high risk and demanding operational environment
Bachelor’s degree specializing in Business, Finance, Math or Engineering
Solid understanding of procedures and operational controls as they relate to systems and work flows
Detailed understanding of the fundamentals of Capital Markets trading and the transaction lifecycle
Working knowledge of OTC Derivative products
Knowledge of CFTC, SEC, CSA and other global derivatives reform regimes
Excellent communication skills – both verbal and written, including presentation skills
Able to manage multiple priorities, work under pressure, learn quickly, and perform new tasks accurately, effectively, and efficiently
Familiarity with front, middle and back office applications (Murex, Openlink, MarkitWire, DTCC etc.)
Skillful in Microsoft Office Suite (Outlook, Excel, Access, PowerPoint, Word, Visio, etc.)
Nice-to-have
Detailed understanding of RBC Capital Markets organizational structure (front office sales and trading, middle office, product control, back office operations, regulatory/compliance, etc.)
Proficiency in VBA (Visual Basic for Applications) an asset
Portfolio Reconciliation experience
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
Leaders who support your development through coaching and managing opportunities
Work in a dynamic, collaborative, progressive, and high-performing team
Opportunities to do challenging work
Flexible work/life balance options
Job Skills
Audits Compliance, Communication, Critical Thinking, Data Gathering Analysis, Detail-Oriented, Financial Regulation, Internal Controls, Microsoft Office, Operational Requirements, Organizational Governance, OTC Derivatives, Portfolio Reconciliation, Problem Analysis, Problem Solving, Regulatory Operations, Root Cause Analysis (RCA), Root Cause Problem Solving, Time Efficiency, Time ManagementAdditional Job Details
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