Job Summary

Job Description

What is the Opportunity?

Aids in the maintenance of effective regulatory relations with the Federal Reserve and Office of the Comptroller of the Currency (OCC) and compliance program for RBC’s prudential regulator ongoing supervision, continuous monitoring, and exams (collectively, Regulatory Engagements).

What will you do?

Facilitates examinations and routine meetings conducted by RBC’s prudential regulators (primarily the Fed and OCC) for matters related to RBC’s U.S. businesses

Coordinates and/or conducts due diligence and determines materiality of regulatory issues raised in connection with regulatory requests and examinations

Works closely with relevant subject matter experts and stakeholders across CUSO to draft and prepare responses to regulatory requests and examinations

Maintains thorough knowledge of banking regulations, bank operations and procedures, risk management controls, and other internal control objectives and practices, relevant to RBC’s prudential regulators

Facilitates and summarizes examiners’ findings and perspectives and provides notification and escalation as appropriate

Contribute to and manage technical enhancements and expansion of the department’s Regulatory Engagement recordkeeping system, as applicable

Summarizes and prepares reporting that communicates exam activity and issues for Executives

Prepares internal reports for RBC Management and Boards of Directors, and promotes information sharing of existing and new material regulatory issues

Complete special projects, as assigned

What do you need to succeed?

Bachelor’s degree

Significant regulatory and reputational impact

Interpretation and scoping of regulatory requests and responses

Determines if regulatory matter as applied to RBC policies and procedures presents risk to RBC or an individual

Determines if matter warrants risk escalation and to whom

Evaluates RBC policies and procedures through review of cases and may recommend policy and procedure enhancement

Independent review and challenge of managements’ responses to regulatory matters

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 $110,000 - $190,000 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

#LI – Hybrid

#LI – POST

Job Skills

Critical Thinking, Decision Making, Financial Regulation, Industry Knowledge, Interpersonal Relationship Management, Regulatory Engagement, Strategic Thinking

Additional Job Details

Address:

GOLDMAN SACHS TOWER, 30 HUDSON STREET:JERSEY CITY

City:

Jersey City

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

LAW AND COMPLIANCE

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-10-11

Application Deadline:

2024-12-31

Inclusion 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.
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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.