Director - Enterprise Records Retention, Destruction, and Regulated Recordkeeping Governance

Job Summary

Job Description

What is the Opportunity?

The Chief Data Office (CDO) is a first line function that provides execution support for critical data governance and data management activities. The Chief Data Office guides the evolution of RBC’s data strategy and influences strategic investments in data to support business strategy and regulatory compliance.

This director level position is an enterprise role defining and delivering first line governance activities related to regulated record keeping and records retention and destruction. We are seeking an experienced and specialized Director of Enterprise Records Retention, Destruction, and Regulatory Recordkeeping Governance to lead our first line governance efforts. This role is critical in ensuring that our recordkeeping practices adhere to the regulations set forth by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Commodity Futures Trading Commission (CFTC), and other relevant U.S. regulatory bodies. The ideal candidate will have deep expertise in broker-dealer and swap dealer regulations, with a strong background in supporting compliance within these sectors. This position will report to the Enterprise Data Governance Leader within the Chief Data Office.

What will you do?

• Understand records retention & destruction and regulated record keeping policy and standards to establish and deliver advisory services to Data Management Offices on data retention and destruction initiatives and engagements as needed.

• Collaborate with second line to lead the development, implementation, and oversight of regulatory recordkeeping frameworks that ensure compliance with SEC, FINRA, CFTC, and NFA (National Futures Association) regulations.

• Function as CDO SME for records management to the second line. Review current policies and standards along with synthesis of current and upcoming regulatory landscape, findings, and external industry trends to provide gaps and recommend opportunities for improvement.

• Define and issue CDO first line procedures and/or guidance to ensure consistent execution and governance of records management across RBC globally and specifically governance of the recordkeeping processes for broker-dealer operations, ensuring adherence to SEC Rule 17a-3 and 17a-4, including the maintenance of books, records, and communications in the formats and timelines required by regulation.

• Define and execute monitoring and reporting on compliance with data retention and destruction requirements at enterprise-level.

• Define requirements for Chief Data Office approved tools and processes supporting retention and secure destruction of data spanning physical and digital information.

• Maintain inventory on applicable regulatory citations and dataset types to enable controls in the regulated environment.

• Provide subject matter content for development and maintenance of a data retention and destruction literacy program.

• Provide support and preparation for Enterprise Data Governance Leader to chair Regulated Records Retention Governance Forum.

What do you need to succeed?

• 10+ years of experience in financial services

• At least 5 years of experience in broker dealer and/or swap dealer  

• 2 years’ experience in managing recordkeeping for broker-dealers and swap dealers, with a comprehensive understanding of U.S. financial regulatory environments.

• In-depth understanding of SEC, FINRA, CFTC, and NFA recordkeeping regulations, including specific rules applicable to broker-dealers and swap dealers

• Proven ability to lead cross-functional teams and influence stakeholders in compliance, legal, IT, and operations to achieve regulatory compliance.

• Exceptional communication and presentation skills, capable of articulating regulatory requirements and recordkeeping policies to various stakeholders, including senior management and regulators.

• Experience in strategy development 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 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