About the role
Job Description
What is the opportunity?
In this role, you will provide subject matter advice and counsel on all regulatory related matters including compliance with new regulatory requirements, reporting of regulatory breaches, regulator consultations/inquiries and internal & external audits for PFP (i.e. HEF, PL, AF) products
The role also provides support to PFP to ensure all regulatory compliance requirements are operationalized effectively and compliance related controls are comprehensive thereby adequately mitigating the regulatory risks, with monitoring or testing of the controls being conducted as required.
What will you do?
Risk Management Support
- Demonstrate strong abilities to interpret and complete impact analyses pertaining to PFP for new and/or updated regulatory changes or compliance requirements and operational or regulatory breaches
- Assist Senior Management with formal responses to regulators on a wide variety of topics
- Ensure that the functionality of key regulatory compliance controls are effective in comprehensively mitigating key regulatory risks, addressing control design requirements where control effectiveness opportunities are identified, ensuring reporting to FCAC is identified where applicable and ensuring control design requirements capture and store appropriate regulatory and transactional credit data to enable effective and efficient remediation efforts if and when these are required.
- Identify control weaknesses that require addressing as well as potential client remediation efforts if required.
- Provide strategic insight and support in the design of regulatory compliance control design as well as for all regulatory engagements, investigations, audits, or remediation activities.
- Keep apprised of all regulatory compliance changes as well regulatory compliance testing or monitoring results, both of which could highlight emerging risks or regulatory events and escalate/manage issues as they arise
- Assist functional partners by providing SME support in the design, development, and implementation of controls, reports, and testing requirements
- Recognize opportunities for automation or data-driven solutions, where appropriate
- Identify & document existing control gaps within current day processes/systems, and develop a risk-based approach to mitigate iterative events.
- Understand all relevant statutory/regulatory obligations related to Canadian Banking including AML, Privacy, Consent, Cost of Borrowing, etc and ensure that procedures related to these regulations are up –to-date and comply with applicable regulations/statutes.
- Maintain a firm understanding of the underlying policies, regulations and system constraints and how these can impact new & existing initiatives
- Work with 2LOD to update and maintain RCM inventory.
Metrics and Reporting
- Work collaboratively to design and compile reporting and dashboards, in partnership with other COE’s, and anchor with the appropriate team
- Monitor dashboard results and escalate for further review as needed
- Participate in prioritization discussions with all LOBs, and provide status updates as required
What do you need to succeed?
Must have:
- 4-7 years' relevant experience
- A risk background with strong critical thinking skills is required
- Experience in Operational Risk management involving assessment and conclusion would be valuable
- Problem solving skills that focus on control design work would be advantageous
- Basic understanding of the financial industry is required but the role will be exposed to extensive training in regulatory compliance, operational risk as well as CBO credit operations and strategies.
- Strong communication and presentation skills
- Undergraduate degree
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.
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
Job Skills
Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Financial Regulation, Group Problem Solving, Internal Controls, Organizational Governance, Quality Orientation, Time Management
Additional Job Details
Address:
RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTO
City:
Toronto
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
PERSONAL & COMMERCIAL BANKING
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-10-03
Application Deadline:
2025-10-17
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
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.
About the role
Job Description
What is the opportunity?
In this role, you will provide subject matter advice and counsel on all regulatory related matters including compliance with new regulatory requirements, reporting of regulatory breaches, regulator consultations/inquiries and internal & external audits for PFP (i.e. HEF, PL, AF) products
The role also provides support to PFP to ensure all regulatory compliance requirements are operationalized effectively and compliance related controls are comprehensive thereby adequately mitigating the regulatory risks, with monitoring or testing of the controls being conducted as required.
What will you do?
Risk Management Support
- Demonstrate strong abilities to interpret and complete impact analyses pertaining to PFP for new and/or updated regulatory changes or compliance requirements and operational or regulatory breaches
- Assist Senior Management with formal responses to regulators on a wide variety of topics
- Ensure that the functionality of key regulatory compliance controls are effective in comprehensively mitigating key regulatory risks, addressing control design requirements where control effectiveness opportunities are identified, ensuring reporting to FCAC is identified where applicable and ensuring control design requirements capture and store appropriate regulatory and transactional credit data to enable effective and efficient remediation efforts if and when these are required.
- Identify control weaknesses that require addressing as well as potential client remediation efforts if required.
- Provide strategic insight and support in the design of regulatory compliance control design as well as for all regulatory engagements, investigations, audits, or remediation activities.
- Keep apprised of all regulatory compliance changes as well regulatory compliance testing or monitoring results, both of which could highlight emerging risks or regulatory events and escalate/manage issues as they arise
- Assist functional partners by providing SME support in the design, development, and implementation of controls, reports, and testing requirements
- Recognize opportunities for automation or data-driven solutions, where appropriate
- Identify & document existing control gaps within current day processes/systems, and develop a risk-based approach to mitigate iterative events.
- Understand all relevant statutory/regulatory obligations related to Canadian Banking including AML, Privacy, Consent, Cost of Borrowing, etc and ensure that procedures related to these regulations are up –to-date and comply with applicable regulations/statutes.
- Maintain a firm understanding of the underlying policies, regulations and system constraints and how these can impact new & existing initiatives
- Work with 2LOD to update and maintain RCM inventory.
Metrics and Reporting
- Work collaboratively to design and compile reporting and dashboards, in partnership with other COE’s, and anchor with the appropriate team
- Monitor dashboard results and escalate for further review as needed
- Participate in prioritization discussions with all LOBs, and provide status updates as required
What do you need to succeed?
Must have:
- 4-7 years' relevant experience
- A risk background with strong critical thinking skills is required
- Experience in Operational Risk management involving assessment and conclusion would be valuable
- Problem solving skills that focus on control design work would be advantageous
- Basic understanding of the financial industry is required but the role will be exposed to extensive training in regulatory compliance, operational risk as well as CBO credit operations and strategies.
- Strong communication and presentation skills
- Undergraduate degree
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.
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
Job Skills
Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Financial Regulation, Group Problem Solving, Internal Controls, Organizational Governance, Quality Orientation, Time Management
Additional Job Details
Address:
RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTO
City:
Toronto
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
PERSONAL & COMMERCIAL BANKING
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-10-03
Application Deadline:
2025-10-17
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
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.