Job Summary

Job Description

What is the Opportunity?

The Senior Manager of Internal Audit Regulatory Exam Management is a self-starter who exudes energy, curiosity, and enthusiasm to take on a managerial role within Internal Audit's regulatory exam and issues management function. This role advises Internal Audit stakeholders on regulatory issues and action plans, collaborating to ensure that IA teams are effectively addressing the spirit and intent of regulatory concerns with timeliness and efficacy. When necessary, the role will facilitate outreach, reporting, and communications across IA to ensure that issues are effectively tracked throughout the regulatory issue management lifecycle.

What will you do?

Responsible for managing the IA Regulatory Issues (e.g., Consent Order, Matters Requiring Attention, Violations of Law, etc) Management activities,  including tracking/reporting of IA teams’ validation results/status against corrective action plans and facilitating reporting to various legal entity audit committees and key internal stakeholders.Assist in scoping, developing, and prioritizing plans for IA's strategic initiatives to fulfill regulatory matter requirements and manage the regulatory issues validation work.Advise IA teams on regulators expectations and potential enhancements to IA’s approach or remediation action plans as discussed during the course of exams, ongoing supervisory events and inquiries (prior to firm’s interactions/responses).Ensure integrated activities across regulatory responses and remediation activities are well coordinated.Review/challenge proposed corrective actions/IA’s remediation approaches to ensure that they address the regulatory issues.Monitor IA’s progress in completing undertakings made to regulators during the course of inquires and exams.Persistently follow-up with IA teams to ensure that the appropriate information is obtained and timely recorded.Identify and effectively escalate potential issues to the appropriate IA SLT with appropriate solution(s) proposed.Manage and respond to ad-hoc data request from various stakeholders by coordinating with US/Global IA Operations and Analytics team, GRC and other internal stakeholder working groups.

What do you need to succeed?

Must Have

Bachelor's Degree7-10+ years of combined experience in Internal Audit, Risk, or Compliance within the financial services sector or as a federal regulator (e.g., OCC, FRB).Experience managing, organizing, and tracking regulatory issues and responses, including project management to effectively manage milestones, and status reporting.Experience reviewing and challenging proposed corrective actions, ensuring regulatory issues are addressed timely.Strong understanding of risk governance frameworks and U.S regulatory expectations (i.e. OCC, FRB)) for U.S banking organizations, in multiple risk areas (Operational, Compliance, Financial, IT, TPRM and etc.)

Nice to Have 

Relevant certification of industry accreditation (e.g. CIA, CRMA, CRMP, CAMS, etc.) or regulatory credentials (e.g., National Bank Examiner, Federal Thrift Regulator, etc.)Experience in regulated financial services environment, including direct interactions with regulators.Experience from large (e.g., greater than $50B in consolidated total assets) financial institutions (preferably in a nationally chartered retail, commercial, or full-service bank).Highly strategic with strong critical thinking skills and an eagerness to implement innovative solutions to improve the efficiency of processes.

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 applicableLeaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging workOpportunities to building 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 cultureEnables collective achievement of our strategic goalsGenerates sustainable shareholder returns and above market shareholder value

Job Skills

Adaptability, Auditing, Commercial Acumen, Communication, Detail-Oriented, Internal Controls, Interpersonal Relationship Management, Long Term Planning, Results-Oriented

Additional Job Details

Address:

CNB, 350 SOUTH GRAND AVENUE:LOS ANGELES

City:

Los Angeles

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

INTERNAL AUDIT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-08-05

Application Deadline:

2025-01-31

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 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.