Senior Associate, Business Analyst

Role overview

This position sits within RBC’s US Regulatory Services function, where the focus is on ensuring that submissions to exchanges, self-regulatory bodies, and the SEC are completed on time, with accuracy and completeness. As a senior analyst, you will act as a subject matter specialist, supporting day-to-day regulatory operations while also driving longer-term improvements to reporting processes.

The role combines operational execution, change management, issue remediation, and strategic planning. You will investigate regulatory questions, support examinations, and work across business, compliance, legal, finance, and technology teams to keep reporting obligations on track.

Key reporting streams include Electronic Blue Sheets (EBS), Consolidated Audit Trail (CAT), LOPR, Short Interest, TRACE, MSRB, QFC, OFR NCCBR, FR-Y15, Volcker TVM, and other evolving regulatory requirements.

Primary responsibilities

• Assess the impact of new initiatives, rule updates, and system changes on reporting workflows and regulatory obligations.
• Lead the planning and execution of user acceptance testing, including test design, test cases, validation, and verification of business, control, and regulatory changes.
• Manage remediation work for reporting defects or anomalies through requirements tracking, JIRA coordination, and testing validation.
• Support regulatory reviews and examinations by compiling materials and helping coordinate responses.
• Act as an escalation contact for more complex reporting matters raised by junior team members.
• Identify and implement process enhancements, including automation opportunities and efficiency gains.
• Build, apply, and monitor controls that support timely, accurate, and complete reporting.
• Define and track performance measures for daily, weekly, and monthly reporting activities.
• Review reports regularly to confirm they continue to meet current regulatory expectations.
• Prepare leadership updates that summarize metrics, risk exposure, and change-management status.
• Represent Regulatory Services on cross-functional initiatives and communicate impacts clearly to stakeholders.
• Maintain procedures, refresh documentation, and help train teams through recurring review cycles.
• Coordinate with external reporting vendors and platforms such as Broadridge, Fidessa, and n-Tier.
• Perform forward-looking analysis on proposed rule changes and industry developments.
• Contribute subject matter input to regulatory change committees and implementation planning.
• Develop business cases for technology improvements and process upgrades.
• Keep the regulatory calendar current and coordinate firm-wide readiness for compliance deadlines.
• Own operational risk assessments for assigned reporting areas, including tracking risk indicators and escalating threshold breaches.
• Ensure compliance with internal control standards and audit expectations, and report regulatory risks to senior stakeholders and Compliance.

Skills and experience needed

You should bring a bachelor’s degree in Engineering, Business, Finance, or a related discipline, along with at least 4 years of experience in Big 4 consulting or advisory work with a regulatory emphasis. Strong knowledge of US regulatory reporting across multiple asset classes is essential, as is a solid grasp of the trade lifecycle and middle-office processing.

Technical capability is important, including advanced Microsoft Office skills, especially Excel, plus basic SQL and VBA. Familiarity with Python or similar analytics tools is preferred. You should also understand data warehousing, reference data sourcing, audit trail requirements, and data lineage documentation.

Experience with impact analysis, requirements gathering, UAT, production verification, and broader change management is required. Project delivery experience using Agile or Waterfall methods is preferred, along with exposure to regulatory examinations and platforms such as Broadridge and Fidessa.

Strong communication, relationship management, influencing ability, mentoring capability, attention to detail, and sound judgment are all important for success in this role.

Work style and performance expectations

This is a high-accountability role for someone who can work under pressure, adapt quickly to a changing regulatory environment, and consistently meet demanding deadlines. The team expects a meticulous approach, strong problem-solving ability, dependable delivery, and a high standard of professionalism and integrity.

Why this opportunity stands out

You will have the chance to become a recognized expert in regulatory reporting while improving critical business processes. The role offers exposure to senior leaders and regulatory stakeholders, plus potential growth within Regulatory Services or wider Risk & Compliance functions.

Rewards and environment

• A broad Total Rewards package that includes bonuses, flexible benefits, and competitive pay.
• Supportive leaders who help develop your skills through coaching and growth opportunities.
• A collaborative, fast-moving, and high-performing team environment.
• Access to challenging work and opportunities to take on meaningful responsibility.

Additional details

Location: RBC Centre, 155 Wellington St W, Toronto, Ontario, Canada.

Work schedule: 37.5 hours per week.

Employment type: Full-time, regular, salaried position within the Capital Markets platform.

Application deadline: 2026-06-22. Applications are accepted until 11:59 PM on the day before the deadline.

RBC emphasizes shared values of Client First, Integrity, Collaboration, Respect, and Excellence, and promotes an inclusive workplace where diverse perspectives are valued and employees are supported to collaborate, innovate, and grow.

Qualified candidates may be contacted to discuss their resume further for this current opportunity.