At a Glance
- Tasks: Ensure compliance with market data policies and manage vendor relationships.
- Company: Join RBC, a leading global bank with a focus on innovation and collaboration.
- Benefits: Enjoy competitive pay, flexible benefits, and a world-class training programme.
- Other info: Dynamic team environment with opportunities for professional growth.
- Why this job: Make a real impact in the fast-paced world of capital markets.
- Qualifications: Degree in finance or related field; strong analytical and communication skills required.
The predicted salary is between 60750 - 74250 £ per year.
The Global Market Data Services team consists of three sub-groups (MDS Administration, MDS Solutions and MDS Compliance) who engage, strategise and support enterprise-wide businesses and stakeholders.
This role in the MDS Compliance team is responsible for ensuring that the organisation's use of real-time market data complies with vendor licensing agreements, exchange policies, and internal governance frameworks. This role focuses on risk identification and mitigation, audit readiness, policy enforcement, and controls around how market data is consumed across applications, platforms, and user populations. The role is non-technical and operates at the intersection of compliance, vendor management, and business stakeholder engagement.
The specialist will communicate market data policy changes and requirements to business stakeholders. Responsibilities also include sourcing, contract managing, and optimising real-time exchange market data for the firm, understanding market data distribution architectures and infrastructures, and participating in or leading market data audits both internally and externally driven.
The specialist will partner with Market Data business and technology professionals to ensure proprietary applications have appropriate control and reporting mechanisms and that usage policies are 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.
- Analyse and maintain communication of vendor data changes impacting users and applications.
- Collaborate with business lines and technology partners to drive cost efficiency and optimisation 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 do you need to succeed?
- Must-have
- Bachelor's degree in finance, business, economics, or a related field; Or equivalent 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.
- 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).
- Nice-to-have
- Previous experience in Capital Markets an asset.
What is 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, 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.
Market Data Governance Specialist, Capital Markets (London) employer: Royal Bank of Canada
At RBC, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. Our London office provides employees with flexible working arrangements, including the opportunity for remote work, alongside comprehensive training and development programmes to support your career growth in the private wealth sector. Join us to be part of a team that values your contributions and invests in your future.
