- SALARY:NONE
- Jersey City
Jersey City
Job Summary
Job Description
What is the Opportunity?
Provide advisory coverage and conduct ongoing monitoring of various banking activities for compliance with key regulations issued by City National Bank's (CNB), primary U.S. based prudential regulators (Prudential Regulations), including Regulations W, O and regulations related to investments across multiple lines of businesses across the bank. Provide support of such regulatory compliance programs.
What will you do?
(90%) Oversight and Administrations of the CNB's prudential regulatory compliance programs
Assist with developing, publishing and maintaining policies / procedures / guidelines for CNB Lines of Business (LoB) or Functional teams to enable them to, among other things ensure adherence to such key prudential regulation requirements.
Understanding and analyzing key regulations issued by CNB's primary U.S. based prudential regulators (Prudential Regulations), including the Federal Reserve's Regulation W, Regulation O, Volcker Rule, and investments related regulations and their requirements.
Collaborate with U.S. Bank Regulatory Law Group team to obtain clear guidance on interpretive matters related to the Prudential Regulations related Compliance Programs.
Assist with creating, and centrally maintaining on an ongoing basis, an inventory of key controls for the Prudential Regulations related compliance programs.
Assist with the provision of general advisory support to the business and supporting functional groups regarding the interpretation and application of such key Prudential Regulations.
Assist with the execution of regular reviews of the various procedure documents based on business, regulatory, and programmatic changes.
Support of and engagement within related change management processes for such Prudential Regulations.
Assist with performing Prudential Regulations impact assessments on New Business Activity (NBC/PAR/Supplement Pool).
Assist with tracking, monitoring, reviewing and remediating matters related to such Prudential Regulations raised through the escalation hierarchy process.
Assist with the development and documentation of internal controls and processes to adhere to the regulatory requirements of the Prudential Regulations.
Drafting compliance monitoring reports and communicate testing objectives, processes, methodologies, and results to senior management, business owners, and relevant control functions.
Assist with compliance monitoring reviews which audits the effectiveness of the internal controls as reflected in the related Prudential Regulations compliance programs.
Assist with preparing for regulatory exams impacting such Prudential Regulations and inquiries, including, review of all regulatory requests, tracking & monitoring, and submitting documentation as part of an exam or inquiry, in a timely manner.
Draft training policies, procedures, and practices to ensure compliance with the training requirements of the related Prudential Regulations, where appropriate, and implementing any needed changes.
(10%) Banking Regulation SME
Collaborate with key stakeholders, including other Compliance team members, Bank Regulatory Law Group members to monitor for changes in Prudential Regulations and assisting with preparing materials to assist the Front Office in understanding the impact of such changes.
Assist with providing general advisory support to the business and supporting functional groups regarding the interpretation and application of key Prudential Regulations
Assist with managing Audit or Compliance Testing issues, including tracking, monitoring and reporting on the progress of remediating such issues, and assist with responding to related Audit or Compliance Testing requests.
What do you need to succeed?
3-5 years of compliance (or equivalent) experience obtained in a financial institution, accounting, consultancy, or law firm
BA/BS Degree Required
Knowledge of relevant banking and securities laws
Knowledge of Federal Reserve Alphabet Regulations (W, D, B, R, K, Y and O)
Solution driven
Exceptional interpersonal skills and superior judgment
Ability to maintain confidentiality of highly sensitive information
Ability to accept accountability, assume proactive approach to work, demonstrate initiative, collaborative, cross-unit co-operation, information sharing
Other Required Qualifications
Strong written and oral communication skills
Skilled in Microsoft Excel and PowerPoint
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.
Leaders who support your development through coaching and managing opportunities
A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
Work in a dynamic, collaborative, progressive, and high-performing team
Ability to make a difference and lasting impact
Opportunities to build close relationships with clients
Opportunities to do challenging work
The good-faith expected salary range for the above position is $80,000 - $135,000 (NJ & Los Angeles) depending on factors including but not limited to the candidate's experience, skills, registration status market conditions and business needs.This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions health, dental, vision, life and disability insurance and paid time-off plan.
RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that
Drives RBC's high performance culture
Enables collective achievement of our strategic goals
Generates sustainable shareholder returns and above market shareholder value
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