Associate Director, Regulatory Compliance Management

Job Description

What is the Opportunity?

The Associate Director (AD), Regulatory Compliance Management (RCM) acts in a first line of defense capacity for Group Risk Management (GRM) globally. The AD supports GRM's compliance with the OSFI Requirement – E-13: RCM program, providing guidance and facilitating the implementation of the main program elements. The AD stays abreast of the latest regulatory developments that apply to GRM and serves as a subject matter expert for stakeholders across GRM for all topics related to RCM.

What will you do?

• Support the Director, RCM in leading the execution and enhancement of the RCM program for GRM.

• Be the Relationship Manager for the assigned GRM units – the first point of contact for the relevant stakeholders to facilitate adherence to the RCM.

• Support GRM units in completing all the elements of the RCM Functions Compliance Oversight Program (FCOP), including: horizon scanning for regulatory updates, maintaining a regulatory library, ensuring the completeness of the RCM universe, maintaining a complete RCM control and issue inventory, performing risk and trigger event assessment, gap assessments, monitoring and testing of the controls, training and reporting.

• Serve as a liaison between GRM and Compliance (FCOP and Qualitative Assurance Review (QAR) teams).

• Facilitate the QAR exams of GRM globally by producing the requested artifacts and addressing any additional questions from the Compliance teams.

• Stay abreast of the latest regulatory developments that pertain to GRM and RBC as whole.

• Continuously utilize and explore the latest efficiency tools (e.g., AI) to reduce redundancy and mundane tasks and focus on key goals.

• Promote risk culture across stakeholders, educate new stakeholders, lead by example.

• Participate in regulatory exams as necessary.

What do you need to succeed?

• Bachelor's degree in Business, Finance, Law or other related fields

• 5+ years in a combination of knowledge, skill and background in leading operational risk practices, audit or compliance functions, and/or one or more businesses in GRM

• Regulatory compliance experience within a financial services environment, conducting risk and control assessment / process reviews, and/or key controls assessments (monitoring/testing)

• Managing projects and initiatives for multiple stakeholders

• University degree, or equivalent, ideally with a financial designation or relevant professional qualification

• Previous experience working in highly regulated business environments in the financial services sector

• Proven ability to influence partners and challenge the status quo, including handling conflicts and issue resolution

• Master's degree in Business, Finance, Law or other related fields preferred

• CA, FRM or CPA designation preferred

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.

• 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.

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

#LI – POST

Job Skills

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

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

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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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

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