Director, Internal Audit, Financial Crimes And Corporate Compliance

This Director role for RBC provides independent and objective evaluation of the adequacy and effectiveness of Bank Secrecy Act / anti-money laundering (BSA/AML), Office of Foreign Assets Control (OFAC), and Regulatory Compliance practices for all business lines within RBC in the US (i.e., US Capital Markets, US Wealth Management, Global Asset Management, WFC branch and the NY Credit Branch).

This Director will support the Managing Director, Head of CUSO Financial Crimes and Corporate Compliance to oversee and manage the RBC US Financial Crimes Compliance and Corporate Compliance audit portfolios, including through effective audit planning, reporting, and issue remediation, as well as validation of regulatory issues and quarterly continuous risk monitoring. This role works in a dynamic environment and acts as a trusted advisor to the business.

What will you do?

Leadership and People Management:

• Lead a team of professional auditors to effectively cover BSA/AML, OFAC and Corporate Compliance for RBC U.S. business lines and legal-entities.
• Assist in annual audit planning and overseeing quarterly continuous risk monitoring
• Lead interim and final validations of regulatory issues
• Identify competent and sufficient resources with relevant skill sets to meet each audit/regulatory validation requirement.
• Manage staff assigned to the engagement and review audit work for the sufficient scope and for accuracy.
• Cooperate with other audit groups to effectively plan and execute.

Relationship Building and Client Experience:

• Collaborate regularly with internal counterparts covering Financial Crimes and Regulatory Compliance elsewhere within RBC (Enterprise, City National Bank, etc.) to ensure consistency in approaches and coverage.
• Engage external stakeholders within the First and Second Lines of defense through continuous risk monitoring, audit/regulatory issue engagements, and other relevant touchpoints, to provide status of ongoing and upcoming audits, and to stay apprised of issue-remediation progress.
• Engage internal leadership, including the Managing Director Head of CUSO Financial Crimes and Corporate Compliance, as well as relevant US Chief and Deputy Chief Audit Executives, on a regular basis to facilitate proactive and ongoing, formal and informal, monitoring and insights.

Audit and Assurance:

• Together with the Managing Director, CUSO Head of Financial Crimes and Corporate Compliance, execute annual and risk-driven audits and regulatory issue validations in accordance with applicable Internal Audit methodologies and coverage strategies  

• Together with the Managing Director, CUSO Head of Financial Crimes and Corporate Compliance, Develop and manage the US RBC audit plan for Financial Crimes Compliance and Corporate Compliance (including regulatory and Internal Audit issue validation) based on risk assessment and continuous monitoring activities.

Regulatory Engagement and Validations of Regulatory Matters:

• Together with the Managing Director, CUSO Head of Financial Crimes and Corporate Compliance, lead discussions with and respond to requests from relevant regulatory bodies, including the Office of the Comptroller of the Currency (OCC) and Federal Reserve Bank (FRB).
• Together with the Managing Director, CUSO Head of Financial Crimes and Corporate Compliance, lead the validation of regulatory matters issued by relevant regulatory bodies, including the OCC and FRB.

• Present regulatory validation approaches and results to the IA Regulatory Issue Validation (RIV) working group

What do you need to succeed?

• Bachelor's Degree
• 8-10+ years of experience in financial services Internal Audit

Nice-to-Have

• Leadership experience in Internal Audit for a brokerage or investment firm
• Internal Audit experience with Financial Crimes and Corporate Compliance
• People management, leadership, or coaching experience

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 $150,000-$250,000 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