Senior Manager, Internal Audit Regulatory Issues Management

What is the Opportunity

The Senior Manager of Internal Audit Regulatory Issues Management will be a part of the Internal Audits regulatory exam and issues management function. In this role you will support the Regulatory Issues Management team by managing activities related to US Internal Audit regulatory issues validation matters.

What will you do

• Project manage track and report the Internal Audit teams validation results/status against the plan to various legal entities audit committees as well as to key internal stakeholders.

• Facilitate plans and approach for Internal Audits strategic initiatives to fulfill enforcement action requirements and manage the assigned portfolio of regulatory issues validation work.

• Support Inter Audit teams on regulators expectations and potential enhancements to IAs approach or remediation action plans as discussed during the course of exams ongoing supervisory events and inquiries (prior to firms interactions/responses).

• Ensure integrated activities across regulatory responses and remediation activities are well coordinated.

• Review proposed corrective actions/IAs remediation approaches to ensure that they address the regulatory issues.

• Monitor and track IAs 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.

• Provide periodic status reporting on progress against regulatory initiatives/issues reporting to IA senior management in conjunction with the US/Global IA Operations and Analytics team and the Governance Risk and Controls (GRC) Office.

• Provide monthly reporting for board-level or senior management committees with clear articulation of regulatory themes and progress updates.

What do you need to succeed

Must Have

• Bachelors Degree

• 5 plus years of experience in Internal Audit within financial services sector specifically managing organizing and tracking regulatory issues and responses including project management to effectively manage milestones and status reporting.

• Proven experience with 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 CFPB and etc.) for U.S banking organizations in multiple risk areas (operational risk compliance financial risk IT TPRM and etc.)

• Highly collaborative with strong communication and interpersonal skills critical thinking keen attention to detail and ability to navigate complex regulatory frameworks.

Nice to Have

• Relevant certification of industry accreditation (e.g. CIA CRMA CAMS and etc.)

• Experience in regulated financial services environment with direct interactions with regulators.

• Experience from large financial institutions with a retail banking focus

• Highly strategic with strong critical thinking skills and an eagerness to implement innovative solutions to improve inefficient processes.

Whats 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 include competitive compensation and flexible benefits such as 401(k) program with company-matching contributions health dental vision life disability insurance and paid-time off.

-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 expected salary range for this particular position is $110000-$190000 depending on your experience skills and registration status market conditions and business needs.

You have the potential to earn more through RBCs 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.

RBCs 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 RBCs high-performance culture

-Enables collective achievement of our strategic goals

-Generates sustainable shareholder returns and above market shareholder value

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Job Skills

Additional Job Details

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 believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best effectively collaborate drive innovation and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect belonging and opportunity for all.