Chief Compliance Officer - US Wealth Management

What is the opportunity?

RBC is looking to hire a Chief Compliance Officer (CCO) for the US Wealth Management platform, which includes direct oversight responsibility for the asset management compliance function. The CCO will have responsibility for overseeing regulatory compliance management practices, including regulatory change management, compliance risk assessments, monitoring and testing and training.

The Chief Compliance Officer will take a proactive and preventative approach to managing compliance, staying ahead of regulatory developments to drive change, offering new perspectives, and encouraging consistency and collaboration across the US Wealth Management platform.

The Chief Compliance Officer will be a steward of the institution, responding to the fast-evolving needs of the business while positioning it for further growth, working closely with key internal and external stakeholders to implement best practices and ensure optimal effectiveness in the management and mitigation of compliance risks, including driving efficiencies between relevant compliance teams and processes.

What will you do?

Reporting to the Head of U.S. Investment Management and Broker-Dealer Compliance, the CCO for the US Wealth Management platform will exert considerable influence and have responsibility for the overall design, implementation and communication of compliance programs, policies and procedures for RBCs US Wealth businesses and serve as the compliance executive before regulators and executive business and functional partners.

Specific responsibilities of the Chief Compliance Officer, US Wealth Management will include:

• Providing advice and recommendations to senior leadership on US Wealth Management compliance matters to ensure that RBCs approach to regulatory compliance is proactive and preventive, and at the forefront of strategic and operational decisions.
• Developing, enhancing, and communicating comprehensive compliance programs, working in close partnership with key internal and external stakeholders, including senior functional and business leaders at the enterprise level as well as regulatory/governing bodies, to ensure that the firm is operating with the highest compliance standards and fulfilling its regulatory obligations.
• Serving as a central point of contact on compliance-related regulatory strategy and building and managing trusted relationships with regulators with a particular focus on the SEC, FINRA and state regulators.
• Overseeing an independent, systematic, and well-documented program to monitor and test the design and operating effectiveness of compliance programs across the businesses.
• Leading a strong partnership with technology and other business units to identify and develop tools and other business process improvements that will make RBCs US Wealth Management compliance program most effective and efficient.
• Setting the strategic direction for compliance policy management and providing advice on the development, management, and storage of compliance-related material to enhance the consistency and quality of documentation.
• Providing support and direction regarding regulatory inquiries, sweeps and/or exams.
• Identifying, analyzing, and communicating emerging trends and regulatory matters, allocating responsibility for responding to those risks and reporting issues to the appropriate parties.
• Providing leadership and professional guidance to a geographically dispersed team of approximately 25 professionals and dual/matrix reporting responsibilities for approximately 40 professionals, with an ability to actively attract, promote and champion the development of diverse and inclusive teams.

What do you need to succeed?

• A bachelors degree or higher
• 15+ years of experience in wealth management compliance
• 7+ years of experience leading a team or people
• Series 7, Series 14 or 24

Additional Desired Skills:

• A graduate degree or JD
• Demonstrated experience leading compliance programs in regulated financial institutions in a US retail broker-dealer and investment advisor subject to SEC, FINRA and state regulatory supervision.
• Expertise in funds, fiduciary, trust and estates, insurance, and employee stock option plan rules and regulations.
• Knowledge of both the policy and execution sides of compliance programs.
• Experience leading regulators and senior leaders and driving large-scale compliance programs throughout an organization.
• First-hand experience with regulated businesses, products, and services in a range of wealth management environments and the appropriate controls.
• Thought leadership with proven ability to think and act globally, harmonizing global, regional, and local objectives.
• Advanced sense of judgment, risk management skills and ability to balance business needs, regulatory obligations and reputational risks in a way that both grasps the "big picture and attends to details.
• Pro-activity and creativity in identifying issues, solutions, opportunities for efficiency and synergies among programs and markets.
• Leadership skills and a committed team player who motivates employees, builds teams and relationships..
• A strong reputation for integrity and ability to balance business partnership with the need to exercise independent judgment and to raise potentially sensitive or contentious issues in a timely and constructive manner.
• A track record of successful leadership in a matrixed environment and managing by influence.

Whats 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
• Flexible work/life balance options
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities
• Access to a variety of job opportunities across business

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

250 NICOLLET MALL:MINNEAPOLISMinneapolisUnited States of America40Full timeLaw and ComplianceRegularSalaried2024-05-062024-05-14