Manager, Regulatory Compliance & Oversight

Job type: Full-time

RBC Investor & Treasury Services (RBC I&TS) is a specialist provider of asset services, custody, payments and treasury services for financial and other institutional investors worldwide, with over 4,000 employees in 17 countries across North America, Europe, Asia and Australia. We deliver services which safeguard client assets, underpinned by client-centric digital solutions which continue to be enhanced and evolved in line with our clients’ changing needs. Trusted with CAD 4.4 trillion in client assets under administration (1), RBC I&TS has been rated by our clients as the #1 global custodian for seven consecutive years (2) and is a financially strong partner with among the highest credit ratings globally (3). (1) RBC quarterly results released May 24, 2018 (2) Global Custody Survey, Global Investor ISF, 2011 to 2017, unweighted (3) Standard & Poor’s (AA-) rating of Royal Bank of Canada as of May 23, 2018, compared to the top 10 global custodians by AUA   What is the opportunity? Reporting to the Director, Head of Regulatory Compliance & Oversight in Luxembourg, the Manager will primarily be responsible for monitoring the implementation and execution of regulatory and compliance risk management controls for the RBC IS Bank Luxembourg businesses. In this role, you will also support the advisory role of the Compliance team and ensure the identification and documentation of key regulatory requirements as per the applicable legal and prudential regulation framework. As part of the oversight mandate, the Manager will be responsible for executing the oversight program, in line with RBC IS Bank’s Oversight Framework, to ensure that all regulatory standards are appropriately implemented by the Bank’s branches and subsidiaries.   What will you do? Support the set- up and be responsible for the completion of the annual Compliance Monitoring Program for Luxembourg; Perform the oversight on RBC IS Bank’s branches and subsidiaries and work with local Compliance Officers in Europe and Asia to achieve consistency in standards, compliance with RBC group related frameworks and proactive identification and escalation of compliance risks; In collaboration with the Compliance Advisory team colleagues deliver the professional advise to the business and act as their partner through a constructive challenge; In collaboration with the Advisory team colleagues, identify new EU and Luxembourg applicable laws, regulations and other regulatory texts (“the regulations”) impacting RBC IS Bank while ensuring the adherence to Regulatory Compliance Management (RCM) established methodologies; Contribute to the production of the relevant management information in relation to Business Initiatives, Monitoring & Testing and Oversight activities; Support the update of the Bank’s catalogue of internal policies and procedures, including the support and monitoring of the Bank’s branches and subsidiaries with respect to the implementation of the Bank’s policies and procedures; Contribute to the Compliance awareness raising through the design and execution of the Bank’s training plan relating to the Compliance topics defined by the internal policies and procedures, including the support to the Bank’s branches and subsidiaries in this respect.     What do you need to succeed? Must-have Relevant degree and solid knowledge of the regulatory environment related to the activities of a bank and/or Luxembourg financial industry / Previous experience working in a similar position (audit, risk management, compliance). Capability to engage with different stakeholders and partners / Strong Collaborative mindset Good judgement in applying business context Very strong oral and written communication skills including an capacity to translate and simplify complex requirements into simple language / Very good working level of English Ability to work under pressure and meet strict timelines Proven investigation skills   Nice-to-have International certification or similar would be an advantage.     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 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 take on progressively greater accountabilities Opportunities to building close relationships with clients

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