Associate Director, FinOps Compliance

Job Description

Job Description WHAT IS THE OPPORTUNITY? The Associate Director, FinOps is responsible for the overall execution of the compliance program within RBC. Reporting to the Managing Director, Compliance, the program is focused on Finance and Operational coverage for RBC’s Capital Markets, Wealth Management and Direct Investing business lines, with regulatory oversight from the Canadian Investment Regulatory Organization (CIRO), along with various exchanges and clearing agencies. The major areas of focus include providing advice, oversight and challenge of all business activity, execution of the Regulatory Compliance Management (RCM) FinOps program elements and acting as a backup for the Global Securities Aggregation compliance program. WHAT WILL YOU DO? Executes and directs the implementation of the 2LOD risk oversight program for FinOps Compliance: Acting as the main point of contact and subject matter expert (SME) for primary coverage areas, including i) trade and transaction reporting, ii) clearing agency requirements, iii) Finance-related activity, and iv) BCP and Cyber regulations. Further coverage can include involvement in additional FinOps areas e.g. margin, segregation, statements & confirms etc. Maintain relationships with the appropriate regulatory agencies while ensuring an open forum for communication, and participation in various industry working groups and committees. Responsibility for RCM program elements requiring action can include regulatory change, issues management, policy ownership, monitoring and regulatory exams. Development and maintenance of the Governance framework for FinOps Compliance, which includes the regular production (twice monthly) of a management information deck, oversight of the FinOps Target Operating Model and DS Inc. Corporate Governance document. Act as backup for the Global Securities Aggregation compliance program, providing advice, oversight and challenge on all aspects of the program. Manage all aspects of the FORC (Finance, Operations and Risk Committee) meeting, including creation and distribution of the quarterly meeting package, responsibility for meeting minutes, and any post-meeting follow up/annual reviews as required. Other duties as assigned. WHAT DO YOU NEED TO SUCCEED? Seven or more years of experience in the Securities or Finance industry Strong knowledge of the Canadian Securities regulatory environment, specifically of Finance and Operations, Capital Markets and/or Wealth Management. Experience developing and implementing compliance programs at a national level. Well-developed written and verbal communication skills, facilitating the ability to communicate complex ideas in a clear and concise fashion. PowerPoint and Excel skills that would be considered Moderate to Expert level Strong initiative, and the ability to organize and prioritize regulatory expectations, while delivering strong value to the business. What’s in it for you? We thrive on the challenge to be our best, progressive think

Required Skills