Director, Wealth Management Regulatory Initiatives, Operational Risk and Shared Services

Job Description

What is the opportunity?   

The Director, Regulatory Initiatives, will provide Wealth Management's Operational Risk management leadership with expertise, strategy, advice and counsel to lead and manage regulatory change and risk based initiatives for Wealth Management Businesses. This includes portfolio management as well as the design and execution of regulatory programs which will include: risk and control identification/assessment, change management, risk reviews on the operational risk impact of major change initiatives, process improvements and transformational projects. The Director will implement the organization's strategic efforts to comply with governmental and other regulatory mandates and to identify and adopt best practices with regard to organizational governance.  

What will you do?  

• Lead, execute and deliver Regulatory initiatives for Wealth Management businesses and provide regular reporting
• Assist Senior Director, Head of Regulatory Initiatives in managing new and on-going cross segment or cross line of business Regulatory Initiatives, or other specific WM risk initiatives
• Assist VP WM Operational Risk in managing Operational Risk, Regulatory and Governance strategic priorities
• Act as a center of excellence for education and advocacy of information on RBC's operational risk management practices and programs, leading to embedding an operational risk mindset in the business. 
• Develop and execute on portfolio management, project plans, including influencing stakeholder buy-in on action plans
• Lead Targeted ad hoc reviews through planning, execution, reporting and identifying high risk issues reflecting on risk and root causes
• Responsible for preparing management requested reports for senior executives and management team within WM and enabling strategic decision making

What do you need to succeed?

Must Have  

• Minimum 10 years of experience in leading projects, designing strategy, regulatory reporting, business operations, risk management, or compliance roles within large global organizations;
• Strong execution mindset and capabilities, seeks solutions and delivers results
• Proven complex problem solving skills, project management and ability to lead and direct others
• Stakeholder management - Able to influence colleagues, peers and senior leaders, while appropriately considering the views and opinions of others
• Communicates clearly, concisely and confidently
• Knowledge of securities law and regulatory environment in Canada
• Financial services sector experience; Flexibility to adapt to complex, challenging and cross-functional environment; Primary lead for initiatives and projects
• Strong analytical skills with attention to detail and consistency and accuracy in output

Nice to Have

• Law degree, or C.A., PMP or background in securities industry with accredited designation
• Knowledge of wealth management, specifically Investor Services and asset management business
• Understanding of regulatory environment and key regulations, such as CIRO regulatory rules, anti-money laundering requirements, consumer protection, etc.
• CSC completion
• People Management skills, management experience

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, commissions, and stock where applicable
• 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 take on progressively greater accountabilities
• Access to a variety of job opportunities across business and geographies

Job Skills

Business Perspective, Business Risks, Change Management, Cross-Team Collaboration, Organizational Governance, Process Management, Program Management, Risk Management, Strategic Decisions, Strategic Thinking, Taking Initiative

Additional Job Details

Address:

180 WELLINGTON ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

Employment Type:

Full time

Platform:

WEALTH 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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