What is the Opportunity?

Provide advisory coverage and conduct ongoing monitoring and surveillance of trading and covered fund activities for compliance with the Volcker Rule (the “Rule”) across 140+ desks and 500+ covered fund investments. Provide oversight and management of Volcker Frameworks.

What will you do?

• Provide general advisory support to the business and supporting functional groups regarding the interpretation and application of the Volcker rule

• Perform Volcker impact assessments on New Business Activity (NBC/PAR/Supplement Pool)

• Coordinate with the applicable regulators during examinations and inquiries

• Oversight of and engagement within the Volcker change management process

• Assist with the development of internal controls and processes to adhere to the regulatory requirements of the Volcker rule

• Execute compliance monitoring reviews which audit the effectiveness of internal controls as reflected in the Internal Control Framework and conducting fieldwork in line with the Volcker monitoring program

• Examining policies, procedures, and practices and implementing any needed changes

• Drafting compliance monitoring reports and communicate testing objectives, processes, methodologies, and results to senior management, business owners, and relevant control functions

• Acting as primary point of contact for providing advisory support on all RBC covered funds

• Maintain the Capital Markets covered fund policies, procedures, and practices to ensure compliance with the requirements of the Volcker rule;

• Draft and maintain the Capital Markets enterprise and platform level Volcker policies, procedures, and practices to ensure compliance with the requirements of the Volcker rule;

• Developing system generated reports for Senior Management on internal controls and compliance monitoring.

• Management and oversight of the CEO Attestation/Certification process for Covered Trading, Covered Fund and the Control Framework

• Identify, escalate and remediate issues preventing the successful completion of the CEO attestation/sub-certification process;

• Review certifications for completeness and accuracy including certification language; and

• Request, track, and retain completed certifications and follow-up on delinquent or incomplete certifications.

What do you need to succeed?

• Minimum 3+ years’ Volcker work experience

• Experience working in an advisory capacity

• Strong compliance knowledge, and a proven ability to maintain strong relationships

• Experience in a rapidly changing and evolving environment, versatile, adaptable, action oriented and results driven.

• Excellent interpersonal, verbal and written communication skills with demonstrated ability to effectively communicate with senior management and board members.

• JD, SIE and series 7 license preferred

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 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 build close relationships with clients

The good-faith expected salary range for the above position is $80,000 - $135,000 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

#LI – Hybrid

#LI – POST

Job Skills

Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Industry Knowledge, Internal Controls, Interpersonal Relationship Management, Product Services, Risk Management, Strategic Thinking

Additional Job Details

30 HUDSON STREET:JERSEY CITYJersey CityUnited States of America40Full timeLAW AND COMPLIANCERegularSalaried2024-08-302024-11-29