Senior Director, RMFI

Overview

What is your opportunity?

In support of Mutual Fund Distribution and RBC Financial Planning business, RMFI Compliance ensures that all licensed representatives in Canadian Banking who sell mutual funds, provide related investment advice and offer financial planning services, and their branch compliance officers, are compliant with regulations imposed by provincial and territorial securities commissions. This is represented nationally by the Canadian Securities Administrators (CSA), the Canadian Investment Regulatory Organization (CIRO), the Autorité des marchés financiers (AMF) in Quebec, and the Chambre de la sécurité financière.

There are approximately 11,000 licensed representatives including banking advisors, financial advisors and financial planners in the branch network, mobile investment & retirement planners (IRPs), private bankers, and branch compliance officers.

Reporting to the Chief Compliance Officer (CCO) for Personal Banking, Commercial Banking, and Royal Mutual Funds Inc., you will play a leading role in providing oversight of compliance activities for RMFI in accordance with applicable regulatory requirements.

• Support the CCO in providing oversight of compliance activities in accordance with applicable regulatory requirements and internal policies and procedures
• Represent RMFI Compliance on business-driven and other compliance projects, providing expert compliance advice and support by recommending practical solutions that balance business needs and regulatory risks
• Oversee and support the internal activities of the Compliance Advisory and National Compliance teams within RMFI Compliance
• Liaise with the Trade Surveillance team to ensure RMFI complies with CIRO rules efficiently and effectively
• Support the Risk and Control Monitoring program conducted on behalf of RMFI to meet CIRO requirements
• Manage operational and systems escalations raised by RMFI's finance and operations partners
• Lead special initiatives and projects, including identification and resolution of compliance deficiencies

• 10+ years of experience in the financial services industry with CIRO regulatory compliance experience
• Expert knowledge of the securities industry
• University degree in business, finance, law or related discipline
• Project management experience to enable effective completion of assigned initiatives and ad-hoc requests

• Canadian Securities Course
• Partners, Directors and Senior Officers Course
• Conduct and Practices Handbook Course and/or Chief Compliance Officers Qualifying Exam
• CFA or MBA

We thrive on the challenge to be our best, with progressive thinking to grow and a collaborative, high-performing team. We aim to deliver trusted advice to help clients thrive and communities prosper, with a focus on respect, belonging and opportunity for all.

• 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 opportunities
• Ability to make a difference and lasting impact
• Work in an agile, collaborative, progressive, and high-performing team
• Opportunity to interface with senior-level executives from across the organization

• Address: RBC Centre, 155 Wellington St W, Toronto
• City: Toronto
• Country: Canada
• Work hours/week: 37.5
• Employment Type: Full time
• Platform: Chief Legal & Administrative Office Group
• Job Type: Regular
• Pay Type: Salaried
• Posted Date:
• Final date to receive applications:

Note: Applications will be accepted until 11:59 PM on the day prior to the Final date to receive applications date above.

At RBC, we believe an inclusive workplace with diverse perspectives is core to our growth. We strive to foster a workplace based on respect, belonging and opportunity for all.

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RBC is inviting candidates to apply for this vacancy. Applying to this posting expresses interest in this opportunity; qualified applicants may be contacted to review resumes in more detail.