Senior Manager, Internal Audit Regulatory Issues Management

RBC

9d • $99,000 - $176,000

About The Position

What is the Opportunity? The Senior Manager of Internal Audit (IA) Regulatory Issues Management will be a part of the Internal Audit's regulatory exam and issues management function. In this role you will support the Regulatory Issues Management team by managing activities related to US IA regulatory issues validation matters. What will you do Project manage, track and report the IA teams’ validation results/status against the ‘plan’ to various legal entities audit committees, as well as to key internal stakeholders. Facilitate plans and approach for IA’s strategic initiatives to fulfill enforcement action requirements and manage the assigned portfolio of regulatory issues validation work. Serve as a trusted advisor and support IA teams on regulators' expectations and potential enhancements to IA’s approach or remediation action plans as discussed during the course of exams, ongoing supervisory events and inquiries (prior to firm’s interactions/responses). Ensure integrated activities across regulatory responses and remediation activities are well coordinated. Review proposed corrective actions/IA’s remediation approaches to ensure that they address the regulatory issues. Monitor and track IA’s progress in completing responses regulators requests via meetings, exams, and ad hoc emails. Persistently follow-up with IA teams to ensure that the appropriate information is obtained and timely recorded. Identify and effectively escalate potential issues to the appropriate IA Senior Leadership Team(s) with appropriate solution(s) proposed. Provide periodic status reporting on progress against regulatory initiatives/issues reporting to IA senior management in conjunction with the US/Global IA Operations and Analytics team and the Governance, Risk and Controls (GRC) Office. Provide monthly reporting for board-level or senior management committees, with clear articulation of regulatory themes and progress updates. What do you need to succeed? Must Have Bachelor's Degree 5 plus years of experience in Internal Audit or Risk and Control environment within financial services sector, specifically managing, organizing, and tracking regulatory issues and responses, including project management to effectively manage milestones, and status reporting. Proven experience with reviewing and challenging proposed corrective actions to resolve regulatory issues timely. Strong understanding of risk governance frameworks and U.S regulatory expectations (i.e. OCC, FRB, CFPB and etc.) for U.S banking organizations, in multiple risk areas (operational risk, compliance, financial risk, IT, third-party risk management, etc.) Highly collaborative with strong communication and interpersonal skills, critical thinking, keen attention to detail and ability to navigate complex regulatory frameworks. Exceptional Excel, PowerPoint, and writing skills. Nice to Have Relevant certification of industry accreditation (e.g. CIA, CRMA, CAMS and etc.) Experience in regulated financial services environment with direct interactions with regulators. Prior experience with regulatory enforcement actions within a bank. Experience from large financial institutions with a retail banking focus. Highly strategic with strong critical thinking skills, and an eagerness to implement innovative solutions to improve inefficient processes. 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. For NY/ NJ Only: The expected salary range for this position is $120,000-$1200,000 depending on your experience, skills, and registration status, market conditions and business needs. For Los Angeles Only: The expected salary range for this position is $99,000-$176,000 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
• 5 plus years of experience in Internal Audit or Risk and Control environment within financial services sector, specifically managing, organizing, and tracking regulatory issues and responses, including project management to effectively manage milestones, and status reporting.
• Proven experience with reviewing and challenging proposed corrective actions to resolve regulatory issues timely.
• Strong understanding of risk governance frameworks and U.S regulatory expectations (i.e. OCC, FRB, CFPB and etc.) for U.S banking organizations, in multiple risk areas (operational risk, compliance, financial risk, IT, third-party risk management, etc.)
• Highly collaborative with strong communication and interpersonal skills, critical thinking, keen attention to detail and ability to navigate complex regulatory frameworks.
• Exceptional Excel, PowerPoint, and writing skills.

Nice To Haves

• Relevant certification of industry accreditation (e.g. CIA, CRMA, CAMS and etc.)
• Experience in regulated financial services environment with direct interactions with regulators.
• Prior experience with regulatory enforcement actions within a bank.
• Experience from large financial institutions with a retail banking focus.
• Highly strategic with strong critical thinking skills, and an eagerness to implement innovative solutions to improve inefficient processes.

Responsibilities

• Project manage, track and report the IA teams’ validation results/status against the ‘plan’ to various legal entities audit committees, as well as to key internal stakeholders.
• Facilitate plans and approach for IA’s strategic initiatives to fulfill enforcement action requirements and manage the assigned portfolio of regulatory issues validation work.
• Serve as a trusted advisor and support IA teams on regulators' expectations and potential enhancements to IA’s approach or remediation action plans as discussed during the course of exams, ongoing supervisory events and inquiries (prior to firm’s interactions/responses).
• Ensure integrated activities across regulatory responses and remediation activities are well coordinated.
• Review proposed corrective actions/IA’s remediation approaches to ensure that they address the regulatory issues.
• Monitor and track IA’s progress in completing responses regulators requests via meetings, exams, and ad hoc emails.
• Persistently follow-up with IA teams to ensure that the appropriate information is obtained and timely recorded.
• Identify and effectively escalate potential issues to the appropriate IA Senior Leadership Team(s) with appropriate solution(s) proposed.
• Provide periodic status reporting on progress against regulatory initiatives/issues reporting to IA senior management in conjunction with the US/Global IA Operations and Analytics team and the Governance, Risk and Controls (GRC) Office.
• Provide monthly reporting for board-level or senior management committees, with clear articulation of regulatory themes and progress updates.

Benefits

• 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.

What This Job Offers

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