Managing Director, Head of Internal Audit U.S. Capital Markets

RBC • Jersey City, NJ

33d • $200,000 - $340,000

About The Position

What is the opportunity? • Perform oversight for US Capital Markets, US Cash Management and the World Financial Centre (WFC) Branch. • Work closely with the US Internal Audit (IA) team, and the global teams including Capital Markets team to ensure adequate core assurance and continuous risk monitoring activities of US Capital Markets businesses and the functions supporting this platform. • Direct, counsel, and manage a team of internal auditors assigned to the coverage of this platform. • Work closely with the wider US IA team and help to manage and coordinate core assurance activities and regulatory remediation activities impacting US, as required. What will you do? Audit Reviews Reporting directly to Deputy U.S. Chief Audit Executive. Represent, participate and provide status of all IA-related core assurance activities to senior management, and represent IA in key governance committees Perform oversight for Internal Audit (IA) regulatory issues and activities across all business platforms and functions in U.S. Partner with the U.S. Senior Leadership team to ensure that all core assurance activities and regulatory-related work are delivered timely and high quality of work. Provide guidance to business during formulation of action plans to address audit issues and/or regulatory findings. Leadership and People Management: Provide guidance and effective challenge to the team of auditors assigned to core assurance activities and continuous risk monitoring. Build a high performing team and develop talent. Ensure adequate staffing with subject matter expertise on key platforms (i.e., Capital Markets). Provides leadership, coaching, performance management and personal development support. Relationship Building: Key point of contact to liaise and meet with the various U.S. regulators to discuss audit-related activities relating to US Capital Markets. Ensures emerging risks, new developments and regulatory changes are factored into the audit coverage. Manage and oversee sensitive situations with high impact outcomes (with stakeholders) that could have material impact on the business Effect change by assisting business management to develop appropriate action plans to address identified deficiencies, and ensure corrective actions are implemented in a timely manner. What do you need to succeed? Must-have Bachelor’s degree 10 or more years of experience in Internal Audit and prior leadership experience within an audit organization Subject matter expertise and coverage of Capital Markets Audit Prior experience managing relationships with senior leadership and regulatory bodies Experience working at a large banking institution Nice-to-have Degree in business, economics, finance, or other quantitative fields (e.g., mathematics, statistics, etc.) Board experience, regulatory background, consulting/public accounting experience Certified Internal Auditor (CIA) or Certified Public Accountant (CPA). 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 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 $200,000-$340,000 depending on your experience, skills, and registration status, market conditions and business needs. You have the potential to earn more through RBC’s 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. 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 culture Enables collective achievement of our strategic goals Generates sustainable shareholder returns and above market shareholder value

Requirements

• Bachelor’s degree
• 10 or more years of experience in Internal Audit and prior leadership experience within an audit organization
• Subject matter expertise and coverage of Capital Markets Audit
• Prior experience managing relationships with senior leadership and regulatory bodies
• Experience working at a large banking institution

Nice To Haves

• Degree in business, economics, finance, or other quantitative fields (e.g., mathematics, statistics, etc.)
• Board experience, regulatory background, consulting/public accounting experience
• Certified Internal Auditor (CIA) or Certified Public Accountant (CPA).

Responsibilities

• Represent, participate and provide status of all IA-related core assurance activities to senior management, and represent IA in key governance committees
• Perform oversight for Internal Audit (IA) regulatory issues and activities across all business platforms and functions in U.S.
• Partner with the U.S. Senior Leadership team to ensure that all core assurance activities and regulatory-related work are delivered timely and high quality of work.
• Provide guidance to business during formulation of action plans to address audit issues and/or regulatory findings.
• Provide guidance and effective challenge to the team of auditors assigned to core assurance activities and continuous risk monitoring.
• Build a high performing team and develop talent.
• Ensure adequate staffing with subject matter expertise on key platforms (i.e., Capital Markets).
• Provides leadership, coaching, performance management and personal development support.
• Key point of contact to liaise and meet with the various U.S. regulators to discuss audit-related activities relating to US Capital Markets.
• Ensures emerging risks, new developments and regulatory changes are factored into the audit coverage.
• Manage and oversee sensitive situations with high impact outcomes (with stakeholders) that could have material impact on the business
• Effect change by assisting business management to develop appropriate action plans to address identified deficiencies, and ensure corrective actions are implemented in a timely manner.

Benefits

• 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.

What This Job Offers

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