Director, Internal Audit Regulatory Exam Management

Job Summary

Job Description

What is the Opportunity?

We are seeking a seasoned and strategic Director to join our Internal Audit Regulatory Exam and Issues Management team. This is a critical role provides thought leadership and coordination across multiple functions. The Director candidate will be a self-starter who exudes energy, curiosity, and enthusiasm to take on a leadership role within the Internal Audit function.

What will you do?

• Lead end-to-end regulatory exam management, including coordination of responses to regulators (e.g OCC, FRB, etc.).

• Serve as a subject matter expert and trusted advisor to internal audit teams and Internal Audit Senior Leadership Team (IA SLT), ensuring responses reflect both regulatory expectations and organizational context.

• Oversee and actively manage enforcement actions; tracking/reporting of the audit 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 enforcement actions requirements and manage the regulatory issues validation work.

• Advise Internal Audit teams on regulatory expectations and potential enhancements to departmental approach or remediation action plans as discussed during the course of exams, ongoing supervisory events and inquiries (prior to firm’s interactions/responses).

• Provide thoughtful review and challenge to Internal Audit teams’ throughout the regulatory issues validation lifecycle to ensure that they address the regulatory issues.

• Contribute to quarterly reporting for board-level or senior management committees, with clear articulation of regulatory themes and progress updates.

• Lead and streamline existing regulatory exam and issues management processes, identifying opportunities for improvement and operational efficiency.

• Identify and effectively escalate potential issues to the appropriate Internal Audit Senior Leadership Team with appropriate solution(s) proposed.

• Manage and respond to ad hoc data request from various stakeholders by coordinating with US/Global Internal Audit Operations and Analytics team, Global Risk Committee and other internal stakeholder working groups.

• Attend management committee(s) to review and challenge regulatory issues and responses, ensuring consistency, integrity and alignment prior to submission to the regulator.

• Manage 1-2 direct reports, helping to guide, coach and improve team effectiveness.

What do you need to succeed?
 

Must have

• Bachelor's Degree

• A minimum of 10 years of relevant experience in internal audit, risk or regulatory engagement.

• Proven ability to manage complex regulatory matters, enforcement actions and multi-stakeholder projects.

• Excellent written and verbal communication skills, especially for executive and regulatory audiences.

• Strong project management skills, with a proactive approach to tracking, reporting and escalation.

Nice to have

• Recent experience at a regulatory agency (OCC or FRB preferred).

• Strong knowledge of various risk disciplines (e.g Operational, Compliance, BSA/AML, Financial, Credit, Technology Risk and etc.) is advantageous.

• Certifications such as CIA, CISA, ACAMs, CPA are preferred.
   

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 $160,000-$250,000 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 compensa