Director, Regulatory Compliance Management

Royal Bank of Canada View all jobs

  • Toronto, ON
  • Permanent
  • Full-time
  • 28 days ago
Job DescriptionWHAT IS THE OPPORTUNITY?The Chief Control Office, reports into RBC’s CFO Group and adds value by overseeing several key risk management programs including the Operational Risk Program, the Culture and Conduct Risk Program, the SOX Compliance Program and the Regulatory Compliance Management (RCM) Program. On behalf of the CFO Group, the team is responsible for the design and execution of the programs it oversees. It supports the CFO Group’s objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, controls and governance processes which impact the CFO Group and, in the case of SOX and GL Governance, all of RBC.The Director, RCM will lead and provide strategic direction related to all aspects of the CFO Group’s RCM Program (including the Reliance Model and the Business and Market Conduct Risk and Privacy Risk Programs) and will report to the Senior Director, CFO Controls Office. This role necessitates staying abreast of key risk and control issues to understand the impact on the CFO Group’s regulatory compliance risk profile as well as other risks that may impact the CFO Group’s and RBC’s reputation or shareholders, and to develop solutions and/or process improvements regarding the issues identified.WHAT WILL YOU DO?
  • Be responsible for overseeing the communication, management and implementation related to the CFO Group’s RCM program;
  • Provide specialized subject matter expertise related to regulatory compliance and control matters;
  • Lead the RCM team and other regulatory compliance related control-related projects, as necessary;
  • For the CFO Group’s RCM Program, oversee the development of and provide strategic direction for CFO-wide control standards, including new policy requirements, IT system upgrades/implementations and data governance/classification activities etc., as needed.
Regulatory Compliance Management (RCM)
  • For the CFO Group, as a subject matter expert, lead and provide strategic direction for the RCM program, inclusive of all three program components: Functions Compliance Oversight (FCO), Business and Market Conduct Risk and Privacy to provide appropriate oversight to ensure:
  • Robust governance structures are designed and maintained
  • All RCM standards are fully implemented, gaps to the standards are escalated and closed quickly
  • All CFO teams have sufficient processes and controls in place to ensure alignment with the RCM standards
  • Processes, risks and controls are appropriately documented in accordance with Operational Risk standards
  • Lead the team to identify new risk areas and ensure they are embedded into the RCM Program, when appropriate
  • Leverage specialized expertise to provide guidance based on Enterprise Compliance requirements and the RCM Standards to all CFO Group teams globally.
  • Partnering with Enterprise Compliance, provide leadership and oversight for the implementation of the refreshed RCM Program Target Operating Model and on going use of of CUBE technology.
  • Provide timely, cost effective and innovative solutions to help improve processes, controls, policies and procedures
  • As the Functions Compliance Oversight (FCO) Program’s 2nd Line of Defense (LOD) for most CFO Regional Risk Areas
  • Collaborate with partners across the organization to identify relevant regulatory compliance risks and controls, to evaluate control adequacy (as needed) and to report design and testing deficiencies identified
  • Guide and oversee the design and execution of an enhanced monitoring and reporting regulatory compliance program for senior executives which identifies risks, control deficiencies, roadblocks, status of remediation, areas for improvement and meets the requirements of the RCM Standards
  • For risk areas where other CFO Teams act as the 2nd LOD for the RCM Program, provide advice and guidance as needed
  • Provide quarterly reporting to CFO Operating Committee with insights from KRIs/KPIs on the compliance with the program and any compliance related issues and updates.
Relationship Management
  • Collaborate with partners across the CFO Group, Enterprise Compliance and other RBC Functional teams to interpret program requirements and local jurisdictional differences, share best practices and identify and evaluate relevant risks and controls.
  • Leverage specialized subject matter expertise to ensure the team provides timely, cost effective and innovative solutions to help improve risk management processes, procedures and controls.
  • Advise CFO Senior Leaders on significant or pervasive areas of emerging regulatory compliance risk and/or issues. Ensure the team proactively identifies root causes, assesses implications and recommends and tracks corrective actions.
  • Provide oversight to ensure new CFO Group teams are incorporated into the RCM Program. Assess and provide advice regarding the impact of new policy and standard requirements on the CFO Group program, processes and controls.
  • Work with GRM Operational Risk and other Operational Risk groups to further the operational risk body of knowledge in RBC, share and leverage best practices and contribute to continued evolution of the programs.
Reporting
  • Provide strategic oversight to ensure design and execution of effective program reporting and communication for CFO Operating Committee and other senior executives, which identifies risks, control issues, roadblocks, trigger events, areas for improvement and emerging trends both within CFO Group and across RBC, ensuring industry updates are included, when appropriate.
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, flexible benefits, and competitive compensation
  • 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
Job Skills Internal ControlsAdditional Job DetailsAddress: 20 KING ST W:TORONTOCity: TorontoCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: OFFICE OF THE CFOJob Type: RegularPay Type: SalariedPosted Date: 2026-03-18Application Deadline: 2026-04-30Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveOur Employment OpportunitiesAt RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

Royal Bank of Canada