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RB
Royal Bank of Canada
Market Data Compliance Specialist
Career Insights for Compliance Officer / Analyst
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Based on New Jersey data
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What they do
A Compliance Officer or Analyst monitors internal compliance with company policies and also company compliance with local, state and federal laws. Reviews company documents, including contracts and marketing materials; communicates with employees and develops training and internal policy materials.
$83,679 / year median in New Jersey
-3% projected decline
Job Description
Job Description What is the opportunity? The global Market Data Services (MDS) team consists of three sub-groups (MDS Administration, MDS Solutions and MDS Compliance) who engage, strategize and support enterprise-wide businesses and stakeholders. This role in the MDS Compliance team is responsible for ensuring that the organization'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 optimizing 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 Analyze and maintain communication of vendor data changes impacting users and applications Collaborate with business lines and technology partners to drive cost efficiency and optimization 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 you need to succeed? Bachelor's degree in finance, business, economics, or a related field; Or equivalent 5 years 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 Industry experience required: 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) Previous experience in Capital Markets an asset 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 $95,000 - $125,000 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