Director, Electronic and Algorithmic Trading and AI Compliance

Director, Electronic and Algorithmic Trading Compliance required to lead the design and delivery of the Compliance program for the DSCI business unit in Europe, with a particular focus on electronic and algorithmic trading activities, AI and alternative data strategies across RBC Capital Markets’ Global Markets business units, which includes Global Equities, Central Funding, Macro and Global Spread Products.

What will you do?

• Working alongside the DSCI global Compliance lead in leading in the design and delivery of all aspects of the compliance program for the DSCI business unit in Europe, with a focus on algorithmic and e-trading activities, AI and alternative data strategies.
• As Delegate of Head of CM Compliance, act as regional representative on various Global Electronic and Algorithmic Trading Committees and other DSCI governance committees (e.g. AIGC) to provide check and challenge, and develop, implement, and present key risk indicators.
• Partner with Electronic Trading Supervision, product Compliance teams and other relevant groups to provide governance, review and challenge over new and existing DSCI and electronic trading initiatives which includes monitoring processes over new and existing activities in the electronic trading universe.
• Work with product Compliance teams to provide Compliance input into New Business Committee proposals emanating from businesses which comprise primary areas of responsibility, acting as lead on DSCI initiatives.
• Maintaining a dynamic and effective compliance monitoring program with a focus on DSCI businesses within RBC Capital Markets’ Global Markets.
• Working closely with product Compliance teams within Global Markets Compliance to support Compliance’s role in annual risk assessment processes and other RCM related activities.
• Proactive identification of issues impacting coverage area through participation in business, industry and regulatory initiatives.
• Identify control/governance gaps and raise issues in RCM, working with the 1LOD to identify appropriate owners, deadlines and required evidence of remediation.
• Designing and maintaining policies and Compliance procedures to address identified regulatory risks related to global electronic and algorithmic trading businesses and other DSCI activities.
• Collaborating with colleagues in the Trade Surveillance and Compliance Testing teams to identify ways to enhance our programs and incorporate any relevant regulatory risks or issues arising from the interaction with the businesses.
• Provide real time advice on the application of current and future global legislation as it relates to electronic and algorithmic trading.
• Investigate and assist with responses to regulatory inquiries, examinations and internal investigations, including liaising where necessary with the relevant regulatory bodies.
• To be an integral part of the Compliance team, assisting other team members and undertaking ad-hoc assignments as required.

What do you need to succeed?

• Experience in supporting electronic trading / algorithmic trading activities.
• Knowledge of primary and secondary UK and European financial services legislation, in particular as it relates to electronic trading / algorithmic trading activities.
• Knowledge of FCA Handbook, specifically Conduct of Business Rulebooks; ideally, knowledge / experience of other global rulesets as they relate to electronic trading / algorithmic trading activities e.g. SEC, FINRA, OSFI & IIROC, MAS.
• Good knowledge of products traded in Global Markets.
• Strong stakeholder management skills.
• Adaptable to a dynamic work environment with changing priorities.
• Ability to draft clear and technically accurate regulatory guidance, policies and procedures.
• Ability to assist in devising appropriate compliance desk monitoring programmes.
• Ability to articulate regulatory issues to key relationship contacts.
• Ability to maintain the confidentiality of sensitive information.

What is in it for you?

• A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation.
• Leaders who support your development through coaching and managing opportunities.
• Opportunities to work with the best in the field.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• A world-class training program in financial services.
• Flexible working options fully supported.

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.