Senior Compliance Testing Officer
Top Benefits
About the role
Job Description
What is the opportunity?
The Compliance Testing Officer executes independent compliance testing 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 supporting various stages of the testing lifecycle often under the direction of a Sr. Testing Officer or Management, which may include planning and research to determine scope, gathering documentation, drafting testing scripts, executing testing, and contributing to final conclusions. The Compliance Testing Officer 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 transactional testing as well as controls to determine adherence to compliance requirements
- Perform research on regulatory requirements to ensure understanding of subject under review
- Support overall review by completing testing assignments on time and adhering to departmental procedures and templates
- Document testing outcomes, including high quality workpapers and documentation that support conclusions of testing
- Provide regular status updates pertaining to progress against assignments
- Communicate findings to Sr. Tester or Line of Business Partners
- Contribute to issue identification and overall review conclusions
- Responsible for escalating challenges with testing as well as the identification of higher risk issues
- 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
Several Testing Officer positions are available. Knowledge in in one of more of the following regulatory compliance subjects is a plus:
- Banking (lending, deposit, company-wide regulations)
- Capital Markets
- Broker-Dealer
- Trust & Estates
_Time Allocation (%) _
- Testing Program – 80%
- Issue Validation – 10%
- Testing Program Support and Ad Hoc Assignments – 10%
What do you need to succeed?
Must-haves
- 1-4 years’ experience in the financial services industry in Compliance Testing, Controls Testing, Quality Assurance, Branch Inspection, Internal Audit or at a financial institutions regulatory agency
- Knowledge of compliance testing methodologies and/or audit experience
- Knowledge of FINRA, SEC, MSRB, FRBNY, CFPB and/or OCC rules and regulations
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
For California and New York/New Jersey: 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.
For Minnesota: The good-faith expected salary range for the above position is $65,000 - $115,000 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
#LI – Hybrid
#LI – POST
Job Skills
Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Financial Regulation, Industry Knowledge, Internal Controls, Interpersonal Relationship Management, Product Services, Risk Management, Strategic Thinking
Additional Job Details
Address:
CNB, 350 SOUTH GRAND AVENUE:LOS ANGELES
City:
Los Angeles
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
CHIEF LEGAL & ADMIN OFFICE GRP
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-01-16
Application Deadline:
2025-10-31
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Senior Compliance Testing Officer
Top Benefits
About the role
Job Description
What is the opportunity?
The Compliance Testing Officer executes independent compliance testing 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 supporting various stages of the testing lifecycle often under the direction of a Sr. Testing Officer or Management, which may include planning and research to determine scope, gathering documentation, drafting testing scripts, executing testing, and contributing to final conclusions. The Compliance Testing Officer 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 transactional testing as well as controls to determine adherence to compliance requirements
- Perform research on regulatory requirements to ensure understanding of subject under review
- Support overall review by completing testing assignments on time and adhering to departmental procedures and templates
- Document testing outcomes, including high quality workpapers and documentation that support conclusions of testing
- Provide regular status updates pertaining to progress against assignments
- Communicate findings to Sr. Tester or Line of Business Partners
- Contribute to issue identification and overall review conclusions
- Responsible for escalating challenges with testing as well as the identification of higher risk issues
- 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
Several Testing Officer positions are available. Knowledge in in one of more of the following regulatory compliance subjects is a plus:
- Banking (lending, deposit, company-wide regulations)
- Capital Markets
- Broker-Dealer
- Trust & Estates
_Time Allocation (%) _
- Testing Program – 80%
- Issue Validation – 10%
- Testing Program Support and Ad Hoc Assignments – 10%
What do you need to succeed?
Must-haves
- 1-4 years’ experience in the financial services industry in Compliance Testing, Controls Testing, Quality Assurance, Branch Inspection, Internal Audit or at a financial institutions regulatory agency
- Knowledge of compliance testing methodologies and/or audit experience
- Knowledge of FINRA, SEC, MSRB, FRBNY, CFPB and/or OCC rules and regulations
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
For California and New York/New Jersey: 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.
For Minnesota: The good-faith expected salary range for the above position is $65,000 - $115,000 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
#LI – Hybrid
#LI – POST
Job Skills
Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Financial Regulation, Industry Knowledge, Internal Controls, Interpersonal Relationship Management, Product Services, Risk Management, Strategic Thinking
Additional Job Details
Address:
CNB, 350 SOUTH GRAND AVENUE:LOS ANGELES
City:
Los Angeles
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
CHIEF LEGAL & ADMIN OFFICE GRP
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-01-16
Application Deadline:
2025-10-31
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.