Senior Associate, Market Data Services

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Senior Associate, Market Data Services

senior · Risk & Compliance

Job Description

What is the opportunity?

The global Market Data Services team consists of three sub-groups (MDS Administration, MDS Solutions and MDS Compliance) who engage, strategize and support enterprise-wide businesses and stakeholders.

This role in the MDS Compliance team is responsible for understanding and communicating market data policy changes and requirements to business stakeholders.   Your responsibilities will also include sourcing, contract managing and optimizing real time exchange market data for the firm, understanding market data distribution architectures/infrastructures, participating/leading market data audits (both internally and externally driven)   You will partner with other Market Data business and technology professionals to ensure proprietary applications have appropriate market data control and reporting mechanisms and that market data use policies are well understood and adhered to.

What will you do?

• Provide oversight on best practices of market data access control, monthly reporting requirements and audit trail capabilities within proprietary applications

• Participate in market data architecture forums and planning sessions to support projects (supplying subject matter expertise)

• Work closely with Market Data Technology teams on new implementations, ensuring compliance requirements are built in from the start

• Participate in exchange and supplier data use audits

• Maintain and prepare third-party provided exchange exhibits/agreements, application use questionnaires and network diagrams

• Communicate exchange announcement, vendor policies, and regulatory requirements for stakeholders under tight deadlines to ensure understanding of reporting obligations, policy changes, and pricing impacts.

• Maintain awareness of third-party market data licensing policies (unit of count, netting, MISU, etc.)

• Participate in industry working groups to lobby for consistent policies across data provider community

• Analyze and maintain communication of vendor data changes impacting users and applications

• Collaborate with business lines and technology partners to drive cost efficiency and optimization strategies for Real-time data while maintaining compliance integrity

• Guide junior team members in developing expertise across market data compliance methodologies and regulatory frameworks for North American, European, and Asian exchanges.

What you need to succeed?

• Bachelor's degree in finance, business, economics, or a related field; Or equivalent 5 years work experience in market data commercials or technology

• Client Focus, strategic agility, priority setting, analytical thinking, aptitude for setting realistic expectations, integrity and trust

• Strong interpersonal skills and communication skills

• Ability to adapt to a changing environment

• Advanced knowledge in Excel

• Critical thinking with exceptional attention to detail, especially in fast-paced, high-risk environments

Industry experience required:

• Subject matter expertise with low latency and consolidated feed market data suppliers (E.g.: Bloomberg, Refinitiv, etc.), distribution mechanisms and control systems (DACS, EMRS)

• Deep knowledge in with major exchanges (NYSE, NASDAQ, LSE, TMX, etc.) including:

  • completing Exhibit A or other exchange/third party documentation

  • unit of count concepts and other exchange/third party contractual and reporting terminology

• Deep knowledge communicating exchange policies and addressing compliance gaps

• Knowledge of exchange direct feeds and understanding of network connectivity (TCP/IP, Unicast and Multicast protocol)

• Previous experience in Capital Markets an asset

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

#LI-KA2

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

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.