Risk & Control Analyst

RBC•Minneapolis, MN

1d•$70,000 - $130,000

About The Position

What is the opportunity? You will support the execution of key controls and risk management processes in US Wealth Management Operations. You will act as a subject matter expert on operational risk & controls, supporting incident reporting, coordinating internal and external audit engagements, and providing risk and control-related advice and counsel to various internal stakeholders and partners. What will you do? Plan and facilitate SOC1 and SOX control package reviews across US WM Operations, including evidence gathering, process mapping, design reviews, and inventory updates Perform 1LOD control assessments (design and operating effectiveness) to satisfy enterprise and regulatory standards Support and oversee the completion of regulatory and compliance incident reporting, including operational risk events, self-identified issues, and reportable compliance issues Collaborate with regulatory, compliance and other risk partners to design, implement, and document new controls and improve existing controls for both process efficiency and effective risk management Support client remediation efforts by completing root cause analyses of control failures and providing recommendations on new controls or control improvements Act as liaison between various stakeholders and partners in US WM Operations and internal and external auditors to ensure smooth and efficient audit engagements What do you need to succeed?

Requirements

4-year degree from an accredited university or equivalent OR High school diploma or equivalent AND 3+ years of securities, banking, technology and/or job specific industry experience
3+ years’ experience in the financial services industry, with direct experience in risk management, risk and control or financial/IT audits
Critical thinking and ability to collaborate effectively with internal and external stakeholders, including auditors
Professional oral and written communication skills, including the ability to summarize and simplify complex concepts

Nice To Haves

Experience and knowledge of broker-dealer operations
FINRA securities license 99 (or able to obtain license within 120 days)
Knowledge of SEC and FINRA regulations
Experience reviewing SOC1 reports and SOX control packages

Responsibilities

Plan and facilitate SOC1 and SOX control package reviews across US WM Operations, including evidence gathering, process mapping, design reviews, and inventory updates
Perform 1LOD control assessments (design and operating effectiveness) to satisfy enterprise and regulatory standards
Support and oversee the completion of regulatory and compliance incident reporting, including operational risk events, self-identified issues, and reportable compliance issues
Collaborate with regulatory, compliance and other risk partners to design, implement, and document new controls and improve existing controls for both process efficiency and effective risk management
Support client remediation efforts by completing root cause analyses of control failures and providing recommendations on new controls or control improvements
Act as liaison between various stakeholders and partners in US WM Operations and internal and external auditors to ensure smooth and efficient audit engagements

Benefits

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
Flexible work/life balance options
Opportunities to do challenging work
Opportunities to take on progressively greater accountabilities
Access to a variety of job opportunities across business