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Advisor OTC Regulatory Project - Job Opportunity at National Bank of Canada

Calgary, Canada
Full-time
Mid-level
Posted: June 2, 2025
On-site
CAD 85,000 - CAD 110,000 annually, reflecting the specialized nature of OTC derivatives regulation expertise combined with the Canadian financial services market premium. Calgary's growing financial sector and National Bank's expansion into Western Canada likely positions this role at the higher end of the range.

Benefits

Comprehensive health and wellness program with multiple coverage options providing superior healthcare security compared to standard market offerings
Flexible group insurance plans allowing customization based on individual and family needs
Generous pension plan offering substantial retirement security beyond typical industry standards
Employee Share Ownership Plan providing direct financial participation in company growth and performance
Employee and Family Assistance Program delivering comprehensive support services for personal and professional challenges
Preferential banking services offering exclusive financial products and rates unavailable to general public
Community involvement opportunities enabling professional networking and corporate social responsibility participation
Telemedicine service providing convenient healthcare access reducing time away from work
Virtual sleep clinic addressing wellness needs with specialized medical services

Key Responsibilities

Drive regulatory compliance strategy by partnering with Operations, IT, and Compliance teams to assess regulatory impacts and develop comprehensive solutions that directly influence bank profitability
Lead the development and implementation of durable operational solutions that transform regulatory challenges into competitive advantages and streamlined processes
Execute critical documentation and mapping processes that ensure accurate product representation and regulatory alignment across all OTC trading activities
Conduct comprehensive testing protocols and quality assurance processes that protect the bank from regulatory violations and operational failures
Provide strategic advisory support to operational teams, influencing daily decision-making and process optimization across trading operations
Maintain mission-critical documentation systems that serve as the foundation for regulatory compliance and operational continuity
Represent the bank in high-level industry forums and regulatory discussions with DTCC, ISDA, and other key market infrastructure organizations

Requirements

Education

Bachelor or master degree in finance, business administration, information technology or any related discipline

Experience

Minimum of three years of experience in financial markets or a similar role at a financial institution

Required Skills

Strong knowledge of OTC derivatives (swap, options, forward, etc.) Regulatory knowledge (AMF, CFTC, SEC, etc.) on reporting derivatives to the central repository Good knowledge of software (JIRA, Murex, Microsoft Excel etc.) Excellent learning capacity and curiosity Be structured, organized and rigorous
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Sauge AI Market Intelligence

Industry Trends

Financial institutions are experiencing unprecedented regulatory scrutiny following global derivatives market reforms, driving massive investment in compliance infrastructure and specialized talent acquisition. The demand for OTC derivatives expertise has intensified as banks navigate complex cross-border regulatory frameworks including EMIR, Dodd-Frank, and MiFID II implementations. Automation and digitalization of trade reporting processes are becoming critical competitive differentiators, with banks investing heavily in real-time reporting capabilities and advanced analytics platforms. This technological transformation is creating new hybrid roles that combine regulatory expertise with technical implementation skills. The derivatives market is experiencing consolidation around central clearing and reporting infrastructures, making expertise in DTCC, LCH, and other market utilities increasingly valuable. Professionals who understand both the regulatory requirements and the technical implementation of these systems are commanding premium compensation packages.

Role Significance

Part of a focused 9-person team within Financial Market Operations, suggesting a lean, high-performing environment where individual contributions have outsized impact on team success and organizational outcomes.
This is a mid-level specialist position with significant autonomy and cross-functional influence. The role carries substantial responsibility for regulatory compliance outcomes and interfaces directly with senior stakeholders across multiple business lines, indicating strong career progression potential.

Key Projects

Implementation of new regulatory reporting requirements from Canadian and international regulators Development and testing of automated trade reporting solutions Cross-border regulatory harmonization projects System integration projects connecting trading platforms with regulatory reporting infrastructure Process optimization initiatives to improve reporting accuracy and efficiency

Success Factors

Deep understanding of derivatives market structure and regulatory frameworks across multiple jurisdictions, enabling effective navigation of complex compliance requirements Strong analytical and problem-solving capabilities to identify regulatory gaps and develop practical solutions that balance compliance requirements with business efficiency Excellent stakeholder management skills to coordinate effectively across Operations, IT, Compliance, and external partners while maintaining project momentum Technical aptitude to understand and contribute to system development processes, bridging the gap between business requirements and technical implementation Continuous learning mindset to stay current with rapidly evolving regulatory landscape and emerging market practices

Market Demand

High demand driven by ongoing regulatory evolution and the critical nature of compliance in derivatives trading. The combination of technical knowledge, regulatory expertise, and operational experience creates a scarce skill set in the Canadian market.

Important Skills

Critical Skills

OTC derivatives knowledge is absolutely essential as it forms the foundation for understanding the products being regulated and reported. Without this expertise, it's impossible to accurately map business rules or validate system functionality in the derivatives trading environment. Regulatory knowledge across multiple jurisdictions (AMF, CFTC, SEC) is critical because modern derivatives trading operates across borders, and banks must comply with overlapping and sometimes conflicting regulatory requirements from different authorities. Technical proficiency in systems like Murex and JIRA is essential because this role requires hands-on work with trading systems and project management tools to implement and test regulatory solutions.

Beneficial Skills

Project management certification would enhance ability to coordinate complex cross-functional initiatives involving multiple stakeholders and competing priorities Programming or SQL knowledge would provide additional value in working with development teams and understanding technical system constraints Industry certifications like FRM (Financial Risk Manager) or PRM (Professional Risk Manager) would demonstrate commitment to professional development and provide deeper risk management context

Unique Aspects

Direct involvement in industry-standard setting through participation in DTCC and ISDA industry calls, providing exposure to cutting-edge regulatory developments
Opportunity to build National Bank's Western Canada presence from a regulatory infrastructure perspective, offering high visibility and impact
Role combines technical system implementation with regulatory strategy, providing diverse skill development opportunities
Small, specialized team environment allowing for rapid skill development and increased responsibility

Career Growth

Career progression typically occurs within 2-4 years given the specialized nature of the role and high demand for experienced professionals in derivatives regulation.

Potential Next Roles

Senior OTC Regulatory Specialist or Team Lead within 2-3 years, taking on larger projects and team management responsibilities Regulatory Manager or Director roles overseeing broader compliance functions across multiple asset classes Business Analyst or Product Manager roles in financial technology companies serving the derivatives market Compliance Officer positions at regulators or industry organizations like ISDA or DTCC

Company Overview

National Bank of Canada

National Bank of Canada is the sixth-largest commercial bank in Canada with over $400 billion in assets, known for its strong presence in Quebec and growing national footprint. The bank has been strategically expanding its capital markets and derivatives trading capabilities, making regulatory expertise increasingly critical to its growth strategy.

Well-established Canadian financial institution with strong market position in commercial banking and growing presence in capital markets. The bank's focus on digital transformation and regulatory excellence positions it as a progressive employer in the Canadian financial services sector.
This Calgary position represents National Bank's strategic expansion into Western Canada's energy and commodities markets, offering significant opportunities to build new business relationships and establish market presence in a key economic region.
The company emphasizes its 'human scale' approach and entrepreneurial culture, suggesting a more collaborative and less bureaucratic environment than larger Canadian banks. The focus on internal mobility and continuous learning indicates strong support for professional development.
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