Director, Financial and Regulatory Reporting

Job Summary

Job Description

What is the Opportunity?

Position reports to the US Governance Risk and Controls (GRC) Office and is responsible for supporting the planning, execution, and delivery of the major regulatory workstreams within the GRC Implementation Office, the GRC Regulatory Affairs, QC and Regulatory Closure, and the technology platform. Position is responsible for providing central support to the aforementioned groups within the GRC and ensuring existing GRC standards are followed. Liaises with Legal, HR, Regulatory Relations, Technology & Innovation, and other key support functions across the RBC US  Enterprise.

Be part of RBC’s U.S. Governance, Risk and Controls (GRC) Office. This group’s focus is on enhancing our risk management and regulatory compliance capabilities to ensure the bank is well-positioned for future opportunity and sustainable growth. Headquartered in the United States. By listening and understanding the client’s needs, the team delivers specialized service and industry-specific expertise to help companies grow and solve unique challenges.

What will you do?

• Driving dependency management between existing regulatory remediations and across RBC US entities

• Overseeing GRC monitoring of project plans to ensure alignment to US GRC Playbook and Standards across GRC PMO and external PMOs running regulatory initiatives at RBC US

• Partnering with technology platform enablement team to find opportunities for automation and efficiencies of current PMO processes and potential reporting automation.

• Develop Board, Management, and regulatory reporting.

• Provide strategic oversight into remediation approach and execution.

• Partner with senior leaders in the GRC office to ensure integrated activities across regulatory remediation.

• Partner with senior leaders in the GRC office who are managing remediation activities to ensure that output from remediation activities has traceability back to root causes and regulatory responses and has proper signoff through appropriate governance channels, as necessary.

• Partner with first, second and third line of defense colleagues, serving as a conduit to ensure program completion.

• Work in a consultative manner with operational and other functional specialists to implement relevant laws, regulations and guidance into bank processes and procedures.

• Interact with regulators to provide key status on regulatory compliance programs.

• Work with senior management to identify, discuss, and report regulatory compliance delivery progress.

What do you need to succeed?

• Bachelor's Degree or equivalent experience.

• Minimum 10 years of experience in banking compliance, risk, legal, regulatory, or related bank regulatory experience.

• Minimum 10 years of financial services industry experience, of which 5 years must include direct experience in Compliance and/or Risk Management.

• Minimum 3 years of experience leading and managing teams.

•  Proven leadership and program management skills to drive alignment across key business functions.

• Deep understanding and proven ability to build relationships with internal and external partners.

• Strong interpersonal, influencing, and communications skills with an ability to interact effectively with stakeholders and regulators, to include virtual, matrixed leadership experience and the ability to effectively manage and build relationships across RBC.

• Experience managing or being a part of a compliance or risk management team for a large US bank or large Legal Firm.

• Proven leadership and project management skills to drive alignment across stakeholder groups to develop and deliver repeatable end-to-end risk management solutions and controls aligned with group’s processes.

• Deep understanding of risk framework, corporate/business policies, and programs to translate into plans for the business, function and/or risk type.

• Knowledge and understanding of regulatory and risk management in the financial services industry.

• Strong program and change management skills.

• Good communication skills / executive presence.

• Previous consulting experience preferred.

• Mastery of Microsoft Office suite of products, including Microsoft Project Server and Microsoft Power products (Power Automate, Power BI, Power Apps

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 commun