associate, rbc regulatory relations - Jersey City, NJ , USA, United States - Royal Bank of Canada

Description

Job Summary

• Assist in the maintenance of the effective regulatory relations and compliance program for continuous monitoring, regulatory inquiries and exams associated with the Royal Bank of Canada.
• Support the execution of regulatory interactions across the Combined U.S. Operations (CUSO) to ensure the organization is responsive, agile and well-prepared for regulatory requests.
• Assist in the governance and oversight of a consistent issues management strategy across RBC, including the development of thematic observations, conclusions and recommendations to the Enterprise Compliance department.

Job Description

What is the Opportunity?

• Assist in the maintenance of the effective regulatory relations and compliance program for continuous monitoring, regulatory inquiries and exams associated with the Royal Bank of Canada.
• Support the execution of regulatory interactions across the Combined U.S. Operations (CUSO) to ensure the organization is responsive, agile and well-prepared for regulatory requests.
• Assist in the governance and oversight of a consistent issues management strategy across RBC, including the development of thematic observations, conclusions and recommendations to the Enterprise Compliance department.

What will you do?

• Lead and handle the receipt, response, and follow-up for regulatory inquiries and exam related to RBC's global regulators and in line with Regulatory Relations Horizontal Coverage Model
• Field verbal and written inquiries from various regulatory agencies, including investigations or exams initiated by regulatory agencie
• Streamline and actively maintain the receipt of written inquiries and exam requests through a centralized mailbox;
• Coordinate and/or conduct due diligence and determine materiality of regulatory issues raised in connection with regulatory inquiries and exams
• Work closely with relevant subject matter experts and stakeholders throughout RBC to draft and prepare responses to regulatory inquiries and exams
• Clearly communicate expectations internally and externally in responding to regulatory requests
• Assist in and monitor the enhancement of areas that have been identified with findings and/or corrective actions
• Review books and records pertaining to RBC's inquiries and exams for proper and complete recordkeeping maintenance
• Identify emerging issues and trends associated with inquiries and exams, and areas prioritized by regulatory bodies to management
• Assist in technical enhancements to the department's inquiry and exam recordkeeping system.

Continuous Monitoring

• Manage direct contact with regulators. This includes fielding verbal and written inquiries from different regulatory types
• Facilitate and summarize regular meetings with regulators and RBC senior management

Internal Reporting

• Report regulatory engagements across the team in RBC's technology workflow tool for managing regulatory interactions;
• Provide detailed reporting to support the Regulatory Relations Governance Department with the internal and Board of Directors level regulatory reporting, and promotes information sharing of existing and new material regulatory issues;
• Support enterprise-wide reporting programs by recording and updating results of regulatory exams, issues, and investigations;
• Support the reporting and escalation to senior management and assist in summarizing and preparing reporting that communicates exam activity and issues;
• Liaise with partners in other functions and segments, to ensure consistent, insightful and clear communications to senior management; and
• Track bank and regulatory risk through a monthly metrics report detailing regulatory engagement themes and trends across exams, inquiries, and continuous monitoring.

Additional Responsibilities

• Complete special projects, as assigned;
• As required, assist in the creation and maintenance of department documentation, including manuals, training materials, and communications; and
• Along with others, oversees and maintains the safeguarding of private and the confidentiality of supervisory information.

What do you need to succeed?

• Bachelor's Degree
• JD or Master's Degree preferred
• 2-4 years of experience
• Regulatory knowledge and expertise
• Excellent judgment and analytical skills
• Excellent written and oral communication skills
• Effective organization skills, including the ability to prioritize between tasks and deadlines
• 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
• Solid Microsoft Excel and PowerPoint skills, as well as general Microsoft Office 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 build close relationships with clients

The good-faith expected salary range for the above position is $80,000 - $135,000 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

Continuous Monitoring, Critical Thinking, Data Gathering Analysis, Decision Making, Detailed Reports, Industry Knowledge, Internal Controls, Interpersonal Relationship Management, Management Reporting, Product Services, Regulatory Engagement, Regulatory Inquiries, Regulatory Issues, Regulatory Risk, Risk Management, Strategic Thinking

Additional Job Details


Address:
GOLDMAN SACHS TOWER, 30


HUDSON STREET:

JERSEY CITY

City:
Jersey City


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

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We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

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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