Senior Manager, Reliance Model Quality Assurance Review

Job Description

What is the opportunity? To support the execution of Enterprise Compliance function’s oversight over the Regulatory Compliance Management Reliance Model (RCM RM) through the maintenance and ongoing enhancements of the RM Review Program, which includes periodic quality assurance reviews (QARs), annual attestations, ongoing issues management and reporting.

As part of the Enterprise Compliance RCM Quality Assurance Review Team, the role also supports the Global Chief Compliance Officer’s report to the Audit Committee regarding RBC’s overall state of compliance. What will you do?

• Execute QARs, in adherence with applicable QAR Guidelines : Plan & perform individual QARs for in-scope RM risk areas pursuant to the approved annual program plan;
• Prepare QAR reports for individual reviews that explain how the review was conducted and what findings resulted from the work performed, and share these reports with the stakeholders associated with each review;

andAssist RM function teams in understanding QAR results and findings, and how to remediate / correct practices.Provide secondary review of QAR files completed by the Manager, RCM QAR.

• Facilitate the RM annual attestation process, including engagement of RM functions, sample review of completed attestations and maintenance of the supporting tool.
• Manage the issues identified by the RM Review Program, including the required data input into RegComp, ongoing monitoring of issues status and validation of remediation activities, following the enterprise Regulatory Compliance Issues Management Process.
• Update RCM ratings for RM functions on a quarterly basis, based on results of QARs and progress of issues remediation.
• Provide inputs into quarterly QAR Reporting to Compliance Executives and present on results as required; in addition, contribute RM content to the Quarterly Global CCO Opinion Report and Compliance reports to RM functions’ operating committees.
• Support the ongoing development and maintenance of the RM Review Guideline and annual review plans.
• Leverage best practices identified in reviews performed to drive continuous improvement in the overall RM, and the QAR Program.
• Provide leadership to, and day-to-day management of the Managers within the RCM QAR team.
• Assist the wider QAR team as required on other components or initiatives of the QAR Program.

What do you need to succeed? Must have

• 7-10 years of relevant experience
• University degree
• Experience with conducting quality assurance reviews, particularly in a risk management / compliance context.
• Good understanding of RBC corporate areas and related regulatory landscape.
• Understanding of / experience in RCM regulatory requirements and related methodologies
• Relevant Compliance experience overseeing Reliance Model or in risk / audit / consulting services.
• Experience of working in close partnership with stakeholders at various levels.
• Experience leading a team.

Nice to have

Certified audit / compliance / risk management professional

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 and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

Job Skills Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Financial Regulation, Industry Knowledge, Interpersonal Relationship Management, Product Services, Risk Management, Strategic Thinking Additional Job Details

Address :

RBC CENTRE, 155 WELLINGTON ST W : TORONTO

City : TORONTO

TORONTO

Country : Canada

Canada

Work hours / week : 37.5

37.5

Employment Type : Full time

Full time

Platform : Law and Compliance

Law and Compliance

Job Type : Regular

Regular

Pay Type : Salaried

Salaried

Posted Date : 2024-05-24

2024-05-24

Application Deadline :

2024-06-15

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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