Manager, Wealth Management Surveillance

RBC • Toronto, ON

1d • Onsite

About The Position

You will be part of the RBC Compliance Surveillance Team, which is a core, global, second-line-of-defense function within Compliance that works closely with the first-line and the third-line (Internal Audit) and other second-line functions as part of an integrated controls framework. It performs routine (mostly automated), post-event monitoring of trading activity and communications (electronic and voice) for controlling and mitigating specific relevant risks (e.g. market abuse and manipulation) associated with the supported Capital Markets and Wealth Management businesses. As Manager, Wealth Management Trade Surveillance, you will be responsible for conducting daily/monthly or ad-hoc trade surveillance alerts focusing on Retail Suitability and Sales Practices (S&SP) reviews for applicable retail line of business (eg. Wealth Management) and assisting Associate Director, Wealth Management Surveillance critical projects including scenario development and system UAT testing.

Requirements

• Minimum 5 years of related work experience at a financial institution and/or regulated securities dealer/and or securities regulatory body.
• Experience in conducting Tier 1 branch supervision or Tier 2 surveillance activities or compliance role in Wealth Management space.
• Strong understanding of retail suitability and sales practices regulatory requirements in Canada eg. CIRO Investment Dealer and Partially Consolidated Rules; National Instrument 31-103 (NI 31-103)
• Good knowledge of Wealth Management products, account types and operations procedures.
• Strong written and verbal communication skills.
• Strong problem-solving, analytical, and critical thinking skills.
• Ability to thrive amid rapid change and competing priorities with tight deadline.
• University degree

Nice To Haves

• Experience in UAT (user acceptance testing) to test system release; especially in surveillance scenarios development.
• Demonstrated comfort with AI tools and emerging technologies.

Responsibilities

• Conduct routine reviews of post trade surveillance alerts generated by surveillance systems to detect potential retail suitability and sales practices concern; to ensure compliance with company policies and applicable regulations (i.e. CIRO)
• Manage the escalation and resolution of items that may present concerns
• Identify potential areas of risk (financial, reputational, and regulatory), advise senior management of potential issues as they arise, make recommendations with regards to potential courses of action.
• Assist surveillance management team to continue enhancing and optimizing retail surveillance scenarios and framework.
• Partner with Global Surveillance Strategy team to develop retail S&SP surveillance scenario and conduct UAT testing prior production release.
• Assist Associate Director in developing and maintaining up-to-date procedures, as well as compiling and surveillance statistics for periodic management reporting and oversights.
• Assist in other specific projects and targeted reviews as assigned.

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 an agile, collaborative, progressive, and high-performing team
• The opportunity to interface with senior level executives from many different parts of the organization

What This Job Offers

• Job Type: Full-time
• Career Level: Manager