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Fixed Income Regulatory/Compliance Manager
| Company | Royal Bank of Canada |
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| Location | Minneapolis, MN, USA |
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| Salary | $85000 – $150000 |
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| Type | Full-Time |
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| Degrees | |
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| Experience Level | Mid Level, Senior |
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Requirements
- 3-7 years of industry experience with 1-5 years of fixed income and/or compliance experience in a broker/dealer or registered investment advisor.
- Strong leadership skills and temperament with a proven ability to handle difficult people, situations, and conflict.
- Series 7, 63/66 or ability to obtain within 6 months. Candidate is expected to acquire additional supervisory licenses (24, 52, 53).
- An understanding of the securities industry’s regulatory environment and related policies and procedures.
- Strong, proven verbal, written, and inter-personal communication skills.
Responsibilities
- Serve as a leader, subject matter expert, and point of escalation for all trade-related supervisory activities.
- Assess regulatory, compliance, and business risk in all areas of responsibility and escalate potential problems and concerns to senior fixed income leaders.
- Identify, design, and implement supervisory tools, policies, and procedures.
- Maintain a high level of knowledge on industry and regulatory trends as it relates to fixed income to ensure appropriate supervisory practices are in place.
- Complete daily supervision as it relates to reviewing executed trades, daily risk reports, TMS flagged trades, TRACE/RTRS results, and Municipal fails as well as approving trader responses to internally flagged trades.
- Assist with responses to regulatory and internal audit inquiries and oversee the development and implementation of all findings.
- Periodically review and update policies, procedures, and disclosures as well as oversee the implementation of regulatory rule changes.
- Mitigate risk by influencing trader behavior through education of policies, procedures, risk, regulations, and potential problems.
Preferred Qualifications
- Bachelor’s Degree, or the ability to demonstrate experience or academic achievement in related fields such as Economics, Finance, or Mathematics, or equivalent work experience.
- 10+ years of industry experience in the areas of fixed income, trading, risk, regulatory, and/or compliance.
- Demonstrated knowledge of fixed income markets, economics, municipal sector, and other fixed income instruments as well as regulations governing these products.
- Proficient with Bloomberg and other investment software packages.
