Trade Surveillance Analyst

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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

Trade Surveillance Analyst

Job Description

What is the Opportunity?

Our US Trade Surveillance Analysts perform second line of defense trade monitoring for firm and client trading activity to detect potential market abuse/manipulation practices for RBC Wealth Management. To do this we utilize surveillance tools and internal systems to research alerts generated across different asset classes including but not limited to Fixed Income, Futures and Equities. We are looking for someone who has a strong analytical background and research capabilities to analyze large amounts of trading data and exhibit strong written and verbal communication skills to engage compliance, traders, and business supervisors to discuss potential issues.

What will you do?

• Evaluate and explore surveillance methodologies used by the Trade Surveillance team to optimize and partner with IT and Advisory teams to maximize the efficiency of current reviews
• Review model calibrations to determine the optimal mix of tuning and configuration to mitigate as much risk as possible while minimizing false positives (alert efficiency)
• Continue developing in-depth knowledge of financial markets and stay informed of regulatory changes and maintain subject matter expertise on surveillance industry trends and technology development
• Handle multiple projects, perform surveillance and deliver tasks in a timely manner.
• Review trading data emanating from multiple front-end trading systems, technology and third party vendor systems and inform relevant compliance and legal folks of any suspicious activity or patterns of unusual trading
• Provide support to targeted reviews in response to inquiries from Compliance, Legal, or Human Resources personnel; Interpret and investigate substantive findings for context and potential impact

What do you need to succeed?

Must-have

• Minimum of 2-5 years of experience in the brokerage industry, providing familiarity with securities industry regulatory environment, practices and operations
• In-depth knowledge of the rules and regulations governing the securities industry
• Strong analytical and investigative skills
• Solid verbal and written communication skills

Nice-to-have

• Series 7 and 63 preferred not required

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 a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Opportunities to building close relationships with clients

Job Summary

Conducts monitoring and surveillance activities to ensure business unit is in compliance with programs to prevent or identify illegal, unethical, or improper business practices. Applies experience and seasoned knowledge, skills, and practices to perform a variety of assignments.

Address:

Minneapolis, Minnesota, United States of America

City:

USA-MN-MINNEAPOLIS

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

Law and Compliance

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2023-09-11

Application Deadline:

2023-10-31

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at rbc.com/careers.