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?
PRINCIPAL RESPONSIBILITIES
Regulatory Analysis & Change Management
Conduct comprehensive impact assessments for new business initiatives, rule changes, and system modifications affecting reporting processes
Lead User Acceptance Testing (UAT) strategy development, document detailed test cases, and execute testing for regulatory, business, and control changes
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
Serve as primary escalation point for junior staff on complex regulatory reporting issues
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
Manage vendor relationships with external reporting platforms including vendor platforms such as Broadridge, Fidessa and n-Tier
Strategic Planning & Development
Conduct forward-looking regulatory impact analysis for proposed rule changes and industry developments
Participate in regulatory change committees and provide subject matter expertise on implementation timelines
Develop business cases for Technology enhancements and process improvements
Maintain regulatory calendar and coordinate firm-wide preparation for compliance deadlines
What you need to succeed?
Required Skills:
Bachelor’s Degree in Engineering, Business, Finance, or related field
4+ years Big 4 Consulting/Advisory experience with regulatory focus
Deep understanding of US regulatory reporting requirements across multiple asset classes
Expert knowledge 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 expertise in change management including impact assessment, requirements gathering, UAT, and production verification
Project management methodology experience (Agile/Waterfall certification preferred)
Technical Requirements
Strong understanding of financial products: Equities, Listed Derivatives, Fixed Income, OTC Derivatives
Knowledge of complex options trading including allocations and position reporting
Understanding of data warehousing concepts and reference data sourcing
Basic SQL and VBA skills required; Python or other data analysis tools preferred
Experience with audit trail requirements and data lineage documentation
Preferred Qualifications
Broadridge and Fidessa platform experience
Previous Regulatory Examination experience
Advanced degree (MBA, CFA, or equivalent)
Financial services industry certifications
Communication & Leadership
Excellent written and verbal communication skills with ability to present to senior executives
Strong relationship-building capabilities across all organizational levels
Demonstrated ability to influence and lead without direct authority
Training and mentoring experience with junior staff
Performance Standards
Exceptional attention to detail with zero-tolerance approach to reporting errors
Ability to work under pressure and adapt to rapidly changing regulatory environment
Strong problem-solving skills with demonstrated track record of innovative solutions
Proven dependability with consistent delivery against tight deadlines
High professional standards, integrity, and business judgment
Risk & Control Responsibilities
Own operational risk assessment for assigned reporting areas
Maintain key risk indicators and escalate threshold breaches
Ensure compliance with internal controls and audit requirements
Report regulatory risks to compliance and senior stakeholders
This role offers the opportunity to become a recognized subject matter expert in regulatory reporting while driving meaningful improvements to critical business processes. The position provides exposure to senior leadership and regulatory bodies, with clear advancement paths within Regulatory Services or broader Risk & Compliance functions.
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
#LI-KA2
Job Skills
Agile Methodology, Business Data Analysis, Business Process Modeling, Commercial Acumen, Communication, Critical Thinking, Decision Making, Group Problem Solving, Interpersonal Relationship Management, Requirements Analysis
Additional Job Details
RBC CENTRE, 155 WELLINGTON ST W:TORONTO
Toronto
Canada
37.5
Full time
CAPITAL MARKETS
Regular
Salaried
2026-04-10
2026-06-22
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.
