RBC Bank Regulatory Relations Associate Director
RBC Bank Regulatory Relations Associate Director
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Job Description
Job Summary
Job Description
WHAT IS THE OPPORTUNITY
Regulatory Relations (RBC RR) is RBCs primary point of contact and coordination for domestic and foreign regulators in the United States. Working together as a collaborative team operating across RBCs consolidated U.S. operations (CUSO) RBC RR provides support and advice in relation to regulatory exams inquiries investigations and oversees the ongoing monitoring reporting and escalation of key regulatory matters. As a member of RBC RR the incumbent will be RBC Banks primary point of contact for Office of the Comptroller of the Currency (OCC) and other regulators as relevant. As needed the incumbent will lead and/or participate in regulatory engagements with other RBC businesses.
WHAT WILL YOU DO
Maintain Regulatory Relationships: Exam Management & Continuous Monitoring Activities
- Provide timely and proactive guidance to RBC Bank Board Members Executives and management to effectively maintain healthy regulatory relationships in conformance with all applicable laws regulations and policies.
- Provide exam management facilitation and advice to RBC Bank Executives and management including preparation for meetings and regulatory requests and updates.
- Work closely with relevant subject matter experts and stakeholders across CUSO responsible for drafting and preparing responses to regulatory requests and exams.
- Facilitate and summarize exam findings and perspectives and provides notification and escalation as to RBC Bank Board of Directors Executives and management as appropriate.
- Coordinate the uploading of Board Materials management reports and other ongoing supervisory materials to regulators.
- Maintain thorough knowledge of banking regulations bank operations and procedures risk management controls and other internal control objectives and practices relevant to RBC Banks prudential regulators.
Internal Reporting
- Assist in summarizing and prepare reporting that communicates RBCB exam activity and issues for RBCs Regulatory Action Committee.
- Prepare internal reports for RBC Bank Management and Board of Directors and promote information sharing of existing and new material regulatory issues.
- Manage and track regulatory risk through regular (e.g. monthly/quarterly) metrics detailing regulatory themes and trends in exams inquiries and continuous monitoring.
Issues Management
- Lead discussions on RBC Banks regulatory issues including the development of thematic observations conclusions and recommendations related to regulatory issues; and
- Oversee the timeliness and accuracy of responses to regulators including data requests and responses to exam findings (such as Matters Requiring Attention etc.).
Additional Responsibilities
- As required create and maintain department documentation including manuals training materials and communications; and
- Along with others oversee and maintain the safeguarding of Confidential Supervisory Information.
WHAT DO YOU NEED TO SUCCEED
- Extensive and comprehensive regulatory knowledge and expertise (5 year minimum)
- Excellent judgment and analytical skills.
- Excellent written and oral communication skills and must be comfortable meeting with regulators Board members and RBC Bank Executives on a regular frequency.
- Effective organization skills including the ability to prioritize between tasks and deadlines.
- Ability to effectively analyze risk to the organization of potential issues discovered.
- Ability to interact with regulators and in team setting.
- Attention to detail and accuracy are essential.
- Strong Office (PowerPoint Outlook Excel) skills.
- In-depth knowledge of FRB and OCC rules regulations and examination practices strongly preferred.
- Undergraduate degree Masters/JD degree preferred but not required.
- Former work experience at a bank regulator and/or in a regulatory liaison function preferred but not required.
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 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
- A world-class training program in financial services
- Flexible work/life balance options
- Opportunities to do challenging work
The good-faith expected salary range for the above position is $85000 - $150000 depending on factors including but not limited to the candidates experience skills registration status; market conditions; and business 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.
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
Bank Regulations Critical Thinking Data Gathering Analysis Decision Making Exam Management Financial Regulation Industry Knowledge Internal Reporting Interpersonal Relationship Management Proactive Approach Regulatory Issues Regulatory Risk Risk Management Strategic ThinkingAdditional Job Details
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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.
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Required Experience:
Director
Employment Type
Full-Time
