What is the Opportunity?

VP Business Risk - Regulatory Compliance

Reporting to the Director Business Risk - Regulatory Compliance the employee will collaborate with functional stakeholder, assisting in incorporating regulatory requirements in business initiatives under Agile ways of working. Working closely with USCM and the product teams, participating in meetings with the 2LoD, this role will support the identification and prioritization of applicable regulatory initiatives, as well assisting in facilitating the execution and implementation of regulatory requirements.

What will you do?

• Represent business risk and product to support U.S and enterprise-wide regulatory or governance programs, coordinating feedback from the business and ensuring execution
• Identify, prioritize, and proactively manage dependencies, risks, exceptions, and issues.
• Support and foster a strong and effective control environment
• Assist in assessing current status of all regulatory related controls, recommend control enhancements as needed.
• Leverage reporting and Key Risk Indicators to identify trends, themes and areas requiring improved controls
• Champion regulatory issue self identification, provide transparency of status and progress on regulatory remediation
• Consult and educate the business on regulatory requirements and business implications, fostering a strong risk culture of ownership
• Maintain regular, clear communication with project teams, key partners, and management regarding stats of controls, testing, audit progress, and progress of issue management.
• Stay abreast of pertinent industry practices, skills and regulatory concerns
• Support best practices and improvement of the regulatory compliance processes

What do you need to succeed?

• 3-5 years of regulatory compliance in the transaction banking/cash management/treasury services environment
• Experience in a compliance or audit role
• Profound knowledge of supervisory expectations expressed in U.S Regulatory Obligations, Federal Reserve Supervisor Letters, Office of the Comptroller of the Currency Bulletin
• Experience in interpreting, designing controls to meet prudential regulatory obligations such as Reg CC, Reg D, Reg J, Reg W
• Experience in applying legal, regulatory and/or policy requirements
• Experience in coordination of transformational efforts
• Experience in or excited to learn Agile way of working (e.g., manage backlog, track impediments, quick iterations with done better than perfect)
• Ability to draw connections between regulatory requirements and business initiatives, recognizing oncoming impediments and support the product teams to clear the path proactively
• Ability to both grasp big picture and have rigorous attention to detail
• Ability to influence a diverse group of stakeholders, and demonstrate strong collaboration skills across the organization
• Strong problem solving skills with a results-oriented mindset

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 $150,000 - $200,000 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

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