Job Summary
Job Description
What is the Opportunity?
The Manager of Internal Audit Regulatory Issues Management COE is a self-starter who exudes energy, curiosity, and enthusiasm to take on a managerial role within Internal Audit's regulatory exam and issues management function.
This role evaluates organizational business risks, develops and communicates audit plan, manages and executes audits, and recommends improvements to internal controls and operating processes.
Manages activities through senior managers and managers and implements corporate and divisional strategic plans and budgets.
What will you do?
- Responsible for managing the Consent Order activities; and tracking / reporting of the IA teams’ validation results / status against the plan’ to various legal entities audit committees, as well as to key internal stakeholders.
- Scope, develop and prioritize plans for IA's strategic initiatives to fulfill Consent Order requirements and manage the regulatory issues validation work.
- Advise IA 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 / challenge proposed corrective actions / IA’s remediation approaches to ensure that they address the regulatory issues.
- Monitor 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.
- Manage and respond to adhoc data request from various stakeholders by coordinating with US / Global IA Operations and Analytics team, GRC and other internal stakeholder working groups.
What do you need to succeed?
Must Have
- 5+ years of experience in Internal Audit within financial services sector .
- Experience 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
- Bachelor's Degree
- 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 (preferably in Capital Markets and / or 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 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 $110,000-190, 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
Adaptability, Auditing, Detail-Oriented, Internal Controls, Interpersonal Relationship Management, Long Term Planning, Multi-Level Communication, Organizational Savvy and Politics, Results-Oriented
Additional Job Details
Address :
350 SOUTH GRAND AVENUE : LOS ANGELES
City : Los Angeles
Los Angeles
Country :
United States of America
Work hours / week : Employment Type :
Employment Type : Full time
Full time
Platform : Internal Audit
Internal Audit
Job Type : Regular
Regular
Pay Type : Salaried
Salaried
Posted Date : 2024-04-19
2024-04-19
Application Deadline :
2024-08-29
I nclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work.
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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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 .
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