Director and Senior Counsel, Macro and Spread Products

What is the opportunity?

Serve as a key member of RBC's US Law Group advising RBC's U.S. Capital Markets platform across multiple product areas with a focus on the Firm's Central Funding Group repo and securities lending activities as well as providing supplementary support for RBC's Macro/Spread sales & trading business lines regarding the application and impact of: (i) Federal securities laws, including, but not limited to, the '33 Act, '34 Act, ' 40 Act" the Commodity Exchange Act; and (ii) regulation and oversight of Federal agencies (SEC, CFTC), SROs (FINRA) and exchanges.

What will you do?

• Serve as counsel providing regulatory guidance and legal advice on all matters relating to Central Funding Group's repo (including sponsored repo and whole loan repo programs), securities lending and swap activities. Serve as primary U.S. CM counsel on the Firm's Treasury Clearing Mandate regulatory implementation efforts.
• Serve as secondary counsel to RBCCM's Macro and Spread (Fixed Income) sales & trading businesses, including FX, Rates, credit, derivatives, high yield, distressed trading and electronic trading, and all related legal and regulatory matters. Advise on regulatory considerations and new initiatives.
• Assist team of attorneys providing escalation support to Trade Documentation Group on various agreements, including ISDAs, CSAs, MRAs, GMRAs, MSFTA and MSLAs.
• Perform major role in collaborating with front office, Litigation and control functions across the enterprise as needed regarding regulatory inquiries and special remediation efforts arising out of covered business lines.
• Assist in managing external counsel relationships with respect to engagements deemed necessary in connection with the foregoing.
• Provide coverage of Title VII/Swap Dealer matters including regulatory margin requirements for OTC derivatives.

What do you need to succeed?

Must-have

• 4-12 or more years of experience in practicing law as it applies to banking and financial services.
• Juris Doctorate and member in good standing of bar of a U.S. state with at least an in-house New Jersey certification
• Substantial knowledge of, and experience with, U.S. securities laws, rules and regulations and keen understanding of the requirements and roles of key functional partners and other internal stakeholders.

Nice-to-have

• Strong problem-solving, judgment, oral/written communication, and decision-making skills.
• Strong ability to establish and manage processes and procedures.
• Strong ability to balance and prioritize competing work demands.

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 $200,000-275,000 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

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At 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.