Job Description

What is the Opportunity?

Assist in the maintenance of the effective regulatory relations and compliance program for continuous monitoring, regulatory inquiries and exams associated with the Royal Bank of Canada.

Support the execution of regulatory interactions across the Combined U.S. Operations (CUSO) to ensure the organization is responsive, agile and well-prepared for regulatory requests.

Assist in the governance and oversight of a consistent issues management strategy across RBC, including the development of thematic observations, conclusions and recommendations to the Enterprise Compliance department.

What will you do?

Lead and handle the receipt, response, and follow-up for regulatory inquiries and exam related to RBC’s global regulators and in line with Regulatory Relations Horizontal Coverage Model

Field verbal and written inquiries from various regulatory agencies, including investigations or exams initiated by regulatory agencie

Streamline and actively maintain the receipt of written inquiries and exam requests through a centralized mailbox;

Coordinate and / or conduct due diligence and determine materiality of regulatory issues raised in connection with regulatory inquiries and exams

Work closely with relevant subject matter experts and stakeholders throughout RBC to draft and prepare responses to regulatory inquiries and exams

Clearly communicate expectations internally and externally in responding to regulatory requests

Assist in and monitor the enhancement of areas that have been identified with findings and / or corrective actions

Review books and records pertaining to RBC’s inquiries and exams for proper and complete recordkeeping maintenance

Identify emerging issues and trends associated with inquiries and exams, and areas prioritized by regulatory bodies to management

Assist in technical enhancements to the department’s inquiry and exam recordkeeping system.

Continuous Monitoring

Manage direct contact with regulators. This includes fielding verbal and written inquiries from different regulatory types

Internal Reporting

• Report regulatory engagements across the team in RBC’s technology workflow tool for managing regulatory interactions;
• Provide detailed reporting to support the Regulatory Relations Governance Department with the internal and Board of Directors level regulatory reporting, and promotes information sharing of existing and new material regulatory issues;
• Support enterprise-wide reporting programs by recording and updating results of regulatory exams, issues, and investigations;
• Support the reporting and escalation to senior management and assist in summarizing and preparing reporting that communicates exam activity and issues;

Liaise with partners in other functions and segments, to ensure consistent, insightful and clear communications to senior management; and

Track bank and regulatory risk through a monthly metrics report detailing regulatory engagement themes and trends across exams, inquiries, and continuous monitoring.

Additional Responsibilities

Complete special projects, as assigned;

As required, assist in the creation and maintenance of department documentation, including manuals, training materials, and communications; and

Along with others, oversees and maintains the safeguarding of private and the confidentiality of supervisory information.

What do you need to succeed?

Bachelor’s Degree

JD or Master’s Degree preferred

2-4 years of experience

Regulatory knowledge and expertise

Excellent judgment and analytical skills

Excellent written and oral communication skills

Effective organization skills, including the ability to prioritize between tasks and deadlines

Ability to effectively analyze risk to the organization of potential issues discovered

Ability to interact with regulators and in team setting

Attention to detail and accuracy are essential

Solid Microsoft Excel and PowerPoint skills, as well as general Microsoft Office skills

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 build close relationships with clients

• The good-faith expected salary range for the above position is $80,000 - $135,000 depending on factors including but not limited to the candidate’s experience, skills, registration status;
• market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions;

health, dental, vision, life and disability insurance; and paid time-off plan.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 Continuous Monitoring, Critical Thinking, Data Gathering Analysis, Decision Making, Detailed Reports, Industry Knowledge, Internal Controls, Interpersonal Relationship Management, Management Reporting, Product Services, Regulatory Engagement, Regulatory Inquiries, Regulatory Issues, Regulatory Risk, Risk Management, Strategic Thinking Additional Job Details

Address :

GOLDMAN SACHS TOWER, 30 HUDSON STREET : JERSEY CITY

City : Jersey City

Jersey City

Country :

United States of America

Work hours / week : Employment Type :

Employment Type : Full time

Full time

Platform : Law and Compliance

Law and Compliance

Job Type : Regular

Regular

Pay Type : Salaried

Salaried

Posted Date : 2024-04-10

2024-04-10

Application Deadline :

I nclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work.

We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

Last updated : 2024-04-24