Associate Director, Prudential Regulatory Relations - New York, United States - Royal Bank of Canada

Description

Job Summary

Job Description

What is the Opportunity?

This role will be responsible for maintaining regulatory relationships, exam management, and continuous monitoring activities and be part of a team which is the primary point of contact for the Federal Reserve ("Fed") and the Office of the Comptroller of the Currency ("OCC"). This role will contribute to providing proactive guidance to RBC board members, executives and management to effectively maintain healthy regulatory relationships in conformance with all applicable laws, regulations, and policies across RBC's Combined U.S. Operations ("CUSO").

What will you do?

Maintain Regulatory Relationships: Exam Management & Continuous Monitoring Activities

• Facilitates examinations and ongoing monitoring meetings conducted by RBC's prudential regulators (primarily the Fed and OCC) for matters related to RBC's U.S. businesses.
• Coordinates and/or conducts due diligence and determines materiality of regulatory issues raised in connection with regulatory requests and examinations.
• Works closely with relevant subject matter experts and stakeholders across CUSO to draft and prepare responses to regulatory requests and exams.
• Maintains thorough knowledge of banking regulations, bank operations and procedures, risk management controls, and other internal control objectives and practices, relevant to RBC's prudential regulators; and
• Facilitates and summarizes examiners' findings and perspectives and provides notification and escalation as appropriate.
• Internal Reporting
• Assists in summarizing and preparing reporting that communicates exam activity and issues for RBC's Regulatory Action Committee;
• Prepares internal reports for RBC Management and Boards of Directors, and promotes information sharing of existing and new material regulatory issues;
• Manages and tracks regulatory risk through monthly/quarterly metrics report detailing U.S. Regulatory Relations themes and trends in regulatory exams, inquiries, and continuous monitoring;
• Produces and distributes internal reporting of regulatory exam and meeting statuses; and
• Coordinates the uploading of Board Materials, management reports and corporate governance documents to RBC's U.S. prudential regulators and OSFI.
• Additional Responsibilities
• As required, creates and maintains department documentation, including manuals, training materials, and communications; and
• Along with others, oversees and maintains the safeguarding of Confidential Supervisory Information.

What do you need to succeed?

• Extensive and comprehensive regulatory knowledge and expertise (5+ year minimum)
• Undergraduate degree, Master's/JD degree preferred
• In-depth knowledge of FRB and OCC, rules, regulations and examination practices strongly preferred
• Ability to effectively analyze risk to the organization of potential issues discovered
• Ability to interact with regulators and in team setting
• Attention to detail and accuracy are essential
• Effective organization skills, including the ability to prioritize between tasks and deadlines
• Strong Microsoft Excel and Microsoft Office skills
• Excellent judgment and analytical skills
• Excellent written and oral communication skills

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 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
• Opportunities to do challenging work
• Opportunities to building close relationships with clients

The good-faith expected salary range for the above position is $110,000-$190,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

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

Job Skills

Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Financial Regulation, Industry Knowledge, Interpersonal Relationship Management, Regulatory Compliance, Regulatory Controls, Regulatory Experience, Regulatory Issues, Regulatory Operations, Regulatory Processes, Regulatory Requirements, Regulatory Reviews, Regulatory Strategies, Regulatory Support, Risk Management, Strategic Thinking

Additional Job Details

Address:

BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK

City:

New York

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

Law and Compliance

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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