Senior Manager, Regulatory Engagement

Job Description

What is the opportunity? 

As part of the CLAO team,  the Senior Manager, Regulatory Engagement will be responsible for the program management and project plans in regulatory engagement environment, supporting the execution and continuous improvement of ECCO risk and control program with co-ownership over the execution and continuous improvement of risk and control methodologies.

By leading regulatory remediation portfolios and strengthening ECCO's methodology frameworks the Senior Manager ensures comprehensive risk coverage robust regulatory compliance and enhanced risk transparency.. This ensures appropriate identification, assessment, and coverage of the action plans part of the remediation activities across the first line of defense and enhancing our risk management and regulatory compliance capabilities to ensure the bank is well-positioned for future opportunity and sustainable growth.

The Senior Manager will be the primary point of contact and coordination for the remediation activities while providing analytical and advisory insights to key stakeholders, and partner with first, second and third line of defense colleagues.  As needed, the incumbent will lead and/or participate in regulatory engagements with other 1LOD partners.

What will you do?  

• Establish and maintain comprehensive regulatory project plans (plan, execute, and oversee regulatory remediation activities), reporting, issue tracking, and coordination of issue validation and closure packages. Develop regulatory remediation status reports and support the Director, Regulatory Engagement, Practice Management in ECCO.
• Provide a monthly reporting on all Risk and Regulatory initiatives ensuring full transparency on all delivery risk, issue and delivery progression on 1LOD remediation activities.
• Oversee the timeliness and accuracy of responses to regulators, including data requests and responses to exam findings (such as Matters Requiring Attention, etc.). 
• Lead management action plans and provide strategic oversight into remediation approach and execution for 1LOD Business Units.
• Co-lead discussions on 1LOD's regulatory issues, including the development of thematic observations, conclusions and recommendations related to regulatory issues.
• Responsible for creation of the 1LOD centralized guidelines and coordination of the training programs.
• Provide program and project management capabilities to support ECCO leadership in delivering on key initiatives, with particular focus on regulatory remediation and resolution of key issues.
• Conduct deep dives and thematic reviews of Risk and Control Self-Assessments (RCSAs) and Risk and Control Registers to identify emerging risks control gaps and improvement opportunities
• Work in a consultative manner with operational and other functional specialists to implement relevant laws, regulations and guidance into bank processes and procedures
• Responsible for fostering a culture of compliance with existing and pending regulations

What do you need to succeed?

Must-have  

• Experience in risk management, with a focus on regulatory remediation and non-financial risk categories
• Bachelor's degree in finance, Business or other related field
• Knowledge in developing and executing regulatory governance frameworks in a large, complex organization
• Establish comprehensive status reporting, issue tracking, and coordination of issue validation and closure packages
• Strong understanding of internal and external regulatory requirements and standards
• Analytical skills, with experience in conducting complex risk analyses and thematic reviews
• Proven ability to influence and advise stakeholders and cross-platform teams
• Experience supporting regulatory and audit engagements

Nice-to-have 

• CPA, CIA, FRM, CFA or other related designations

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 including bonuses and flexible benefits, competitive compensation

• Leaders who support your development through coaching and managing opportunities 

• Work in a dynamic, collaborative, progressive, and high-performing team

• Opportunities to do challenging work

Job Skills

Communication, Financial Instruments, Fraud Risk Management, Long Term Planning, Operational Risks, Risk Control, Risk Management, Waterfall Model

Additional Job Details

Address:

BAY WELLINGTON TOWER, 181 BAY ST:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

Employment Type:

Full time

Platform:

CHIEF LEGAL & ADMIN OFFICE GRP

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

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.

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