What are the responsibilities and job description for the Associate, Market Data Compliance position at RBC Capital Markets, LLC?
Job Summary
Job Description
What is the opportunity?
Experienced compliance professional with a strong background in market data services, regulatory compliance, and vendor management. Adept at ensuring adherence to exchange policies, licensing agreements, and internal controls to mitigate risk.
As part of our global Market Data Services team, you will partner with other Market Data pillars, business and technology professionals located in RBC offices worldwide to:
* Ensure market data usage policies are well understood and adhered to.
* Provide guidance so that proprietary applications have appropriate market data controls and reporting mechanisms.
* Understand market data distribution architectures and supporting infrastructures.
* Participate in market data audits (both internally and externally driven)
* Contribute to proactive cost management of market data services.
What will you do?
- Market Data Compliance - In-depth knowledge of global exchange policies, vendor agreements and licensing requirements (e.g. NYSE, NASDAQ, CME, ICE, LSE).
- Usage Audits & Reporting - Conducting internal application audits, reconciling data usage, and ensuring compliance with licensing terms. Participate in exchange and vendor data use audits in ad-hoc and cyclical requirements.
- Exchange Policy Adherence - Monitoring and interpreting exchange rules and regulatory updates. Analysing and communicating vendor data changes impacting users and applications
- Data Governance - Implementing policies for market data usage, reporting and internal controls.
- Stakeholder Coordination - Working with legal, IT, and front office teams to ensure compliance around business lines.
- Risk Management - Identifying and mitigating risks associated with unauthorized or non-compliant data use. Provide guidance on best practices on market data control, logging, and audit trail capabilities within proprietary applications to minimize risk.
- Technical & Analytical Skills - Familiarity with financial data platforms, market data entitlements, and reporting tools (e.g. DACS, EMRS)
- Contract & Vendor Management - Experience negotiating, reviewing, and managing agreements with data vendors (e.g. Bloomberg, Refinitiv, ICE, FactSet). Prepare and maintain third-party provider/exchange exhibits and agreements, including application use questionnaires and network diagrams.
- External Events - Participate in Industry events, market data architecture forums and planning sessions.
What do you need to succeed?
Must-have:
- University degree or 5 yrs. experience in a financial services environment
- Previous experience in a Market Data environment required with a high-level understanding of Market Datafeed technology (Bloomberg BPIPE, Refinitiv RTDS, etc.), distribution mechanisms and control systems (EMRS, DACS)
- Strong familiarity with unit of count concepts and other exchange/third party contractual and reporting terminology.
- Experience completing Exhibit A or other exchange/third party documentation.
- Knowledge of Exchange direct feeds and understanding of network communications (TCP/IP, Unicast and Multicast protocol) (preferred)
- Experience defining clear solutions and strategy based on requirements presented.
- Client Focus, Strategic agility, Priority setting, Business acumen, Analytical Thinking, Aptitude for setting realistic expectations, Strategic business sense, Integrity, and Trust
- Strong interpersonal and relationship management skills
- Strong verbal and written communications skills
- Microsoft Excel
- Calero MDM
- Python (preferred), Tableau or Orbit (preferred)
- FISD Financial Information Associate (FIA) Certification (preferred)
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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
- 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 build close relationships with clients.
The expected salary range for this particular position is $95,000-$135,000, depending on your experience, skills, and registration status, market conditions and business needs.
You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
- Drives RBC's high-performance culture
- Enables collective achievement of our strategic goals
- Generates sustainable shareholder returns and above market shareholder value
Job Skills
Active Learning, Adaptability, Business Appraisals, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process ImprovementsAdditional Job Details
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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 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 jobs.rbc.com.
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status or any other legally-protected factors.
Salary : $95,000 - $135,000
