Market Data Compliance Specialist

Our 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 ensures the organization's use of real-time market data complies with vendor licensing agreements, exchange policies, and internal governance frameworks. The position focuses on risk identification and mitigation, audit readiness, policy enforcement, and controls around market data consumption across applications, platforms, and user populations. Operating at the intersection of compliance, vendor management, and business stakeholder engagement, this non-technical role involves communicating market data policy changes and requirements to business stakeholders.

Responsibilities

• 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 by 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 announcements, vendor policies, and regulatory requirements to 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 the 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

Requirements

• Bachelor's degree in finance, business, economics, or a related field; or equivalent 5 years of 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 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), distribution mechanisms, and control systems (DACS, EMRS)
• Deep knowledge of 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 is an asset

Benefits

• A comprehensive Total Rewards Program including competitive compensation and flexible benefits, such as:
  • 401(k) program with company-matching contributions
  • Health, dental, vision, life, and disability insurance
  • 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
• Potential to earn more through RBC’s discretionary variable compensation program, based on business performance and individual goals

Pay

The expected salary range for this position is $95,000 - $125,000, depending on experience, skills, and registration status, market conditions, and business needs.

Schedule

• Full-time position
• 40 hours per week