Senior Compliance Testing Officer
About The Position
WHAT IS THE OPPORTUNITY? The Sr. Compliance Tester leads and conducts independent compliance reviews for the U.S. Compliance Testing Program, a critical program element of the U.S. Regulatory Compliance Management framework for RBC’s CUSO/IHC. This position is responsible for developing a sound approach to testing, executing testing, overseeing the work of other testers assigned to the review, and producing quality final testing reports and work-papers that thoroughly document testing conducted and corresponding conclusions. The Sr. Compliance tester may also support issue validation as well as other initiatives aimed at enhancing the overall Compliance Testing Program. WHAT WILL YOU DO? Conduct testing across the CUSO/IHC, inclusive of the testing of controls and adherence to regulatory requirements Perform research on regulatory requirements and business controls to determine optimal approach to testing while employing a risk-based approach Lead reviews and guide other testers, but may also assist other team members with completing reviews and/or portions of testing Document conclusions of testing, including detailed workpapers as well as written reports documenting conclusions and findings Assisting with the reporting of the status of reviews in support of Test Plan Governance, including progress to plan reporting and change management Provides ideas for the enhancement of the Program by leveraging Compliance Advisory team members, Compliance Practices and Assurance team members, Business Partners, and industry research Responsible for assessing issues and advising on ratings, root causes, including escalation of potential high-risk issues to senior management Responsible for issue entry to Enterprise Issue Management system and oversight that corrective action has been taken and issues satisfactorily remediated
Requirements
- Must have 5+ years’ experience in the financial services industry specifically in Compliance testing, Internal Audit or at a financial institutions regulator
- Proficiency in compliance testing methodologies and/or audit experience
- Proficiency in applicable FINRA, SEC, MSRB, FRBNY, CFPB and OCC rules and regulations in the area of coverage
- Experience with operating in a highly matrixed environment with excellent communication and presentations skills
- Excellent organizational, collaboration and team-building skills
Nice To Haves
- Familiarity with Capital Markets, Broker-Dealer and Volcker regulations
- Ability to facilitate between and influence key decision makers
- Strategic thinker with excellent interpersonal skills to work across functions and businesses
Responsibilities
- Conduct testing across the CUSO/IHC, inclusive of the testing of controls and adherence to regulatory requirements
- Perform research on regulatory requirements and business controls to determine optimal approach to testing while employing a risk-based approach
- Lead reviews and guide other testers, but may also assist other team members with completing reviews and/or portions of testing
- Document conclusions of testing, including detailed workpapers as well as written reports documenting conclusions and findings
- Assisting with the reporting of the status of reviews in support of Test Plan Governance, including progress to plan reporting and change management
- Provides ideas for the enhancement of the Program by leveraging Compliance Advisory team members, Compliance Practices and Assurance team members, Business Partners, and industry research
- Responsible for assessing issues and advising on ratings, root causes, including escalation of potential high-risk issues to senior management
- Responsible for issue entry to Enterprise Issue Management system and oversight that corrective action has been taken and issues satisfactorily remediated
Benefits
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
