Director, Head of Trade Surveillance

Job Description

What is your 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 applicable lines of business (eg. Capital Markets, Wealth Management).

As the Director, Head of Trade Surveillance (Market Abuse) Canada, you are responsible for the day-to-day operations of the Trade Surveillance program, including the line management of Trade Surveillance managers and analysts, the effective and timely dispositioning of alerts and the leadership of the Surveillance program.

What will you do?

• Working with the Head of Surveillance, Canada to ensure RBC's Trade surveillance (Market Abuse) program meets relevant regulatory rules, guidance and expectations in an effective, efficient and forward-looking manner.

• To provide leadership with respect to the development and execution of RBC's Trade Surveillance Program.

• Lead a team of Trade surveillance managers and analysts responsible for providing Surveillance to in scope lines of business and segments (Capital Markets, Wealth Management, Direct Investing, GAM etc).

• Provide day to day management of the dispositioning of alerts, reports and tasks vital to the successful, effective and timely operation of the Trade surveillance program. As part of this to lead on the handling of the more complex trade surveillance alerts and investigations.

• Collaborate with the Surveillance Calibration, Validation, Analytics & Reporting team in refining and developing the Trade Surveillance Program for market abuse, including the calibration and management of RBC's scenario inventory and development of Management Information.

• Collaborate with the Surveillance Strategy, Governance and Program team in the annual Surveillance Market Manipulation Risk Assessment (SMMARA) cycle and resultant prioritization of scenario builds.

• Drive forward efficiency, technical excellence, completeness and coverage of RBC's Trade Surveillance.

• Ensuring the reporting of breaches of the Conduct Rules in a timely and appropriate manner to the Head of Surveillance Canada.

• Support the development of a strong and consistent compliance culture across all areas.

• Support regulatory enquiries and reviews.

• Recruit, retain and develop surveillance talents for trade surveillance teams.

What do you need to succeed?

• 10+ years of related work experience at a financial institution and/or regulated securities dealer/and or securities regulatory body with minimum 5 years of trade surveillance or compliance experience; as well as minimum of 5 years of people management experience.

• Broad and detailed knowledge of the Canadian marketplaces (TSX, MX) and regulatory framework including an excellent understanding of global Market Abuse framework; Universal Market Integrity Rules (UMIR); CIRO market conduct rules, etc.

• Strong understanding of trade surveillance program across different asset classes and lines of business.  (eg. Equities, Listed Derivatives, Fixed Income/OTC)

• Knowledge of leading industry surveillance and case management tools

• Ability and willingness to accept accountability, demonstrate initiative, work with limited direct supervision and support effective cross-unit co-operation, information sharing etc.

• Efficient time management and organizational skills / ability to meet deadlines and work under pressure.

• Strong interpersonal and communication skills.

• Effective people management skills with ability to motivate and inspire staffs.

• Ability to conduct duties expediently, aptitude for accuracy, attention to detail, and hands-on approach.

• Proactive approach and ability to work on own initiative

• University Degree.

Nice-to-have 

• Experience of Capital Markets or Wealth Management business.

• A trading background or a finance degree or similar.

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

Capital Markets, Compliance Programs, Leadership, Market Manipulation, Trade Surveillance, Wealth Management

Additional Job Details

Address:

RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

Employment Type:

Full time

Platform:

CHIEF LEGAL & ADMIN OFFICE GRP

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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