VP Business Risk - In-Business Regulatory Risk Management
Royal Bank of Canada
- Jersey City, NJ
- $150,000-200,000 per year
- Permanent
- Full-time
- Represent business risk and product to support U.S and enterprise-wide regulatory or governance programs, coordinating feedback from the business and ensuring execution
- Identify, prioritize, and proactively manage dependencies, risks, exceptions, and issues.
- Support and foster a strong and effective control environment
- Assist in assessing current status of all regulatory related controls, recommend control enhancements as needed.
- Leverage reporting and Key Risk Indicators to identify trends, themes and areas requiring improved controls
- Champion regulatory issue self identification, provide transparency of status and progress on regulatory remediation
- Consult and educate the business on regulatory requirements and business implications, fostering a strong risk culture of ownership
- Maintain regular, clear communication with project teams, key partners, and management regarding stats of controls, testing, audit progress, and progress of issue management.
- Stay abreast of pertinent industry practices, skills and regulatory concerns
- Support best practices and improvement of the regulatory compliance processes
- 3-5 years of regulatory compliance in the transaction banking/cash management/treasury services environment
- Experience in a compliance or audit role
- Profound knowledge of supervisory expectations expressed in U.S Regulatory Obligations, Federal Reserve Supervisor Letters, Office of the Comptroller of the Currency Bulletin
- Experience in interpreting, designing controls to meet prudential regulatory obligations such as Reg CC, Reg D, Reg J, Reg W
- Experience in applying legal, regulatory and/or policy requirements
- Experience in coordination of transformational efforts
- Experience in or excited to learn Agile way of working (e.g., manage backlog, track impediments, quick iterations with done better than perfect)
- Ability to draw connections between regulatory requirements and business initiatives, recognizing oncoming impediments and support the product teams to clear the path proactively
- Ability to both grasp big picture and have rigorous attention to detail
- Ability to influence a diverse group of stakeholders, and demonstrate strong collaboration skills across the organization
- Strong problem solving skills with a results-oriented mindset
- 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