Senior Manager, Initiatives and Policy

RBC - Toronto, ON (30+ days ago)

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What is the opportunity?

As RBC adapts to new opportunities and challenges, Regulatory Compliance is adapting too.

We are continuously evolving our approach to provide meaningful guidance, oversight, and manage risk, while continuing to support our business partners in achieving our goals. Be it curious learning, global cooperation, inspiring creativity or elevating performance, our Compliance: Collaborate, Challenge, Create strategy is our commitment to growing intelligently together and we need people like you to join us.

With the Regulatory Compliance team you will have the opportunity to learn and grow new skills, develop your career and do work that matters in an ever-evolving environment. Are you up for the challenge?

RBC Personal and Commercial Banking Investments - Royal Mutual Funds Inc. (RMFI) Compliance is seeking a passionate, results oriented strategic thinker to join the team as Senior Manager, Initiatives and Policy. In this role, you will act as key compliance adviser and work closely with business and functional partners supporting Mutual Fund Distribution within Royal Bank Canadian Banking to ensure effective controls are in place in support of RMFI’s compliance program.

You will be part of a diverse, dynamic team that collaborates with a range of stakeholders and functions partners to ensure that the activities of mutual fund licensed representatives and financial planners within Royal Bank Canadian Banking are compliant with applicable regulatory requirements.

What will you do?

Support the Director in providing compliance oversight of securities licensed and related sales activities within Mutual Fund Distribution, Financial Planning, Private Banking, Advice Centre, Group Advantage, as assigned
Represent RMFI Compliance on business-driven and other compliance related projects, provide expert compliance advice/support, conduct regulatory compliance and privacy risk assessments
Monitor and act on regulatory proposals and rule changes from Compliance perspective, including participating in internal and industry working groups
Review and update Compliance policies and procedures periodically and as required due to changes to regulatory and/or business requirements
Coordinate RMFI Compliance response to regulatory reviews, internal and external audits, operational escalations, as assigned
Conduct Marketing & Sales Communications compliance reviews
Lead compliance initiatives including the identification and resolution of compliance deficiencies related to audits, investigations, Regulatory Compliance Management assessments, as assigned
Assist the Director in other responsibilities, as assigned

What do you need to succeed?


Expert knowledge of the securities industry - Minimum 10 years' experience in the financial services industry, with MFDA / IIROC/ Banking regulatory compliance, risk and/or audit experience
Impact and Influence - Ability to converse with individuals at all levels
Team player who works collaboratively with others
Excellent Communication and interpersonal skills
University degree in business, finance or related discipline
Canadian Securities Course or mutual funds licensing courses


Experience in transformational initiatives
Operational support experience
Privacy advisory experience
Partners, Directors and Senior Officers Course; Conduct and Practices Handbook Course and/or Chief Compliance Officers Qualifying Exam
Law degree, CFA or MBA would be an asset

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
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
Flexible work/life balance options


City: Toronto
Address: 155 Wellington St W
Work Hours/Week: 37.5
Work Environment: Office
Employment Type: Permanent
Career Level: Senior Manager/Director
Pay Type: Salary + Variable Bonus
Position Level: PL07
Required Travel(%): 0
Exempt/Non-Exempt: N/A
People Manager: No
Application Deadline: 12/19/2019
Req ID: 203033