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.

• 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.

• 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

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

• Communication
• Financial Instruments
• Fraud Risk Management
• Long Term Planning
• Operational Risks
• Risk…