Senior Manager, Internal Audit Regulatory Issues Management
Top Benefits
About the role
Job Description
What is the Opportunity?
The Senior Manager of Internal Audit 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 Internal Audit regulatory issues validation matters.
What will you do
- Project manage, track and report the Internal Audit 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 Internal Audit's strategic initiatives to fulfill enforcement action requirements and manage the assigned portfolio of regulatory issues validation work.
- Support Inter Audit 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 undertakings made to regulators during the course of inquires and exams.
- 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 SLT 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 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, ensuring regulatory issues are addressed 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, TPRM and etc.)
- Highly collaborative with strong communication and interpersonal skills, critical thinking, keen attention to detail and ability to navigate complex regulatory frameworks.
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.
- 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. The expected salary range for this particular position is $110,000-$190,000 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
#LI-POST
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 Manager, Internal Audit Regulatory Issues Management
Top Benefits
About the role
Job Description
What is the Opportunity?
The Senior Manager of Internal Audit 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 Internal Audit regulatory issues validation matters.
What will you do
- Project manage, track and report the Internal Audit 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 Internal Audit's strategic initiatives to fulfill enforcement action requirements and manage the assigned portfolio of regulatory issues validation work.
- Support Inter Audit 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 undertakings made to regulators during the course of inquires and exams.
- 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 SLT 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 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, ensuring regulatory issues are addressed 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, TPRM and etc.)
- Highly collaborative with strong communication and interpersonal skills, critical thinking, keen attention to detail and ability to navigate complex regulatory frameworks.
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.
- 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. The expected salary range for this particular position is $110,000-$190,000 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
#LI-POST
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.