Director, Compliance - Global Asset Management

RBC • Toronto, ON

3d • Onsite

About The Position

The Director, Compliance is a leader within the regulatory compliance team that is responsible for compliance oversight and advisory support for RBC Global Asset Management (RBC GAM) in Canada. This includes an institutional asset management division, investment fund manager, exempt market dealer, and mutual fund dealer. Reporting into, and working closely with, the Managing Director, Compliance & CCO, this role is instrumental in the overall management and success of the team, leading the team’s operations, including ensuring the team delivers its strategic objectives and initiatives, executes its ongoing responsibilities with RBC GAM and Enterprise Compliance, and fulfills its reporting and second line of defense Regulatory Compliance Management (RCM) obligations.

Requirements

• Undergraduate Degree in Business, Finance, Law or related professional designation
• 7+ years of progressive experience in compliance management, advisory and operations, preferable for a large, complex, Canadian or global securities registrant.
• Sound knowledge of the securities industry, regulatory requirements and industry best practices as they pertain to investment funds, private markets/alternative funds, ETFs, institutional portfolio management, and distribution.
• Strong organizational skills – ability to meet deadlines consistently, deal with ambiguity, manage multiple priorities/ adapt to new circumstances quickly, with a keen attention to detail.
• Ethical, able to maintain a confidence, exercise good judgement, and deal with sensitive information.
• Effective leadership skills for projects and strategic priorities, deliver impactful results.
• Excellent documentation and communication skills required for developing policies, reports, analysis documents and presentations tailored to different audiences and levels.
• Comfort balancing leadership, strategic thinking with hands-on involvement in day-to-day advisory work with the ability to thrive in a fast paced, dynamic environment.

Nice To Haves

• Familiarity with regulatory compliance management, monitoring and testing, issue management, regulatory change processing, trading / technology platforms used by asset manager.

Responsibilities

• Support the CCO and team in executing strategic objectives, lead /complete key team initiatives and projects, drive organizational readiness and operational efficiency, and deliver on the team’s ongoing responsibilities and reporting obligations.
• Responsible for certain key compliance activities and associated responsibilities such as: Head office and employee conduct compliance, registrations and compliance training.
• Activities that require active interaction and coordination with central compliance functions including Enterprise policy, regulatory change, central testing, AML, economic sanctions, securities reporting, accessibility, and privacy.
• Cross segment and cross border initiatives including with respect to policy, distribution of investment capabilities, and trading, including in the US and UK.
• RCM, including risk assessments, controls documentation process, monitoring and testing, issue management, and reporting.
• Provide input on proposed or new regulatory initiatives, actively participate in internal / external working groups and committees where your expertise adds value, advise the business on impact of new regulatory initiatives on their activities, and work with stakeholders to develop internal controls, policies and procedures, communications, and guidance.
• Assist in the day-to-day management of team members based in Toronto and Vancouver, including coaching, training, clear goal setting and tracking, thoughtful distribution of work to create development opportunities, and clear articulation of expectations to continuously meet team priorities.
• Develop key partnerships and foster collaborative and effective relationships with Law Group, other Compliance/Functional groups within RBC, and with RBC GAM leadership and staff.
• Work with the CCO and the team to identify and anticipate trends, escalate emerging risks, understand new business initiatives and evolving compliance requirements.

Benefits

• bonuses
• flexible benefits
• competitive compensation
• commissions
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees