Associate, Business Analyst

What is the opportunity?

US Regulatory Services Function ensures timely, accurate, and complete reporting to exchanges, self-regulatory organizations, and the SEC. This Senior Business Analyst role serves as a subject matter expert responsible for operational execution, strategic planning, and process optimization within regulatory reporting.

The position focuses on remediating identified issues, developing control frameworks, managing risk assessments, and supporting regulatory and business change initiatives. The Business Analyst will research and respond to regulatory inquiries and examinations while representing the department across the organization.

Key reporting areas include Electronic Blue Sheets (EBS), Consolidated Audit Trail (CAT), LOPR, Short Interest, TRACE, MSRB, QFC, OFR NCCBR, FR-Y15, Volcker TVM, and other emerging regulatory requirements. This role collaborates extensively with business groups, Compliance, Legal, Finance, and Technology teams.

What will you do?

Regulatory Analysis & Change Management

• Conduct comprehensive impact assessments for new business initiatives, rule changes, and system modifications affecting reporting processes
• Conduct User Acceptance Testing (UAT) that includes documentation of detailed test cases, Test Execution for regulatory, business, and control changes as well as stakeholder communication on the status of the tests
• Coordinate remediation of reporting anomalies through JIRA workflow management, requirements documentation, and validation testing
• Prepare for and support regulatory examinations by organizing documentation and coordinating responses

Process Leadership & Control Management

• Drive process improvement initiatives by identifying automation opportunities and implementing efficiency enhancements
• Design, implement, and maintain controls ensuring timeliness, accuracy, and completeness of all regulatory reporting
• Develop and own performance management metrics across daily, weekly, and monthly regulatory reports
• Conduct periodic reviews of the regulatory reports and ensure adherence to the current requirements

Stakeholder Management & Communication

• Produce periodic presentations for senior management highlighting regulatory metrics, risk exposures, and Change Management progress
• Serve as primary liaison for Regulatory Services on cross-functional projects, ensuring proactive communication of program impacts and prioritization
• Document, maintain, and train teams on all procedures with periodic review cycles
• Liaise with external reporting platforms including vendor platforms such as Broadridge, Fidessa and n-Tier

What do you need to succeed?

Must-have

• Bachelor's Degree in Engineering, Business, Finance, or related field
• At least a year of Big 4 Consulting/Advisory experience with regulatory focus
• Familiarity through experience of US regulatory reporting requirements across multiple asset classes
• Deep understanding of trade lifecycle (Orders, Executions, Allocations) and Middle Office processing
• Advanced proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Visio) including advanced Excel functions
• Demonstrated experience in change management including impact assessment, requirements gathering, UAT, and Post Implementation Verification
• Project management methodology experience (Agile/Waterfall certification preferred)

Nice-to-have

• Understanding of data warehousing concepts and reference data sourcing
• Basic SQL and VBA skills preferred; Python or other data analysis tools a plus
• Experience with audit trail requirements and data lineage documentation
• Broadridge and Fidessa platform experience

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 $75,000-$85,000, 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

Additional Job Details

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.

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.