Manager, Royal Mutual Funds Inc (RMFI) Surveillance

Job Description

What is the opportunity?

You will be part of the RBC Compliance Surveillance Team, which is a core, global, second-line-of-defense function within Compliance that works closely with the first-line and the third-line (Internal Audit) and other second-line functions as part of an integrated controls framework. It performs routine (mostly automated), post-event monitoring of trading activity and communications (electronic and voice) for controlling and mitigating specific relevant risks (e.g. market abuse and manipulation, suitability & sales practices) associated with the supported Capital Markets, Wealth Management businesses, Royal Mutual Funds Inc. (RMFI) and Global Asset Management.

As Manager, RMFI Trade Surveillance, you will act as a senior member in the team to lead the daily and periodic reviews of sales and trading activities in Canada to detect potential suitability and sales practices concerns focusing on mutual funds activities. You will participate in and contribute to team projects (alert parameter changes, working with Compliance IT), and keep detailed record keeping and compile surveillance statistics for periodic reporting.

What will you do?

• Conduct routine review of trades in retail RMFI accounts to ensure compliance with company policies and application regulations (e.g. CIRO)
• Assist team members in handling complex trade surveillance alerts and ad-hoc investigations
• Support the Associate Director in managing daily alerts escalation and resolution timeline
• Conduct targeted reviews in response to inquiries from internal stakeholders or external regulators. Interpret and investigate substantive findings for context and potential impact
• Assess surveillance efficiency and provide ongoing reporting to management
• Maintain surveillance monitoring groups and provide metrics for reporting to management
• Conduct special projects as assigned by management including the escalation and resolution of potential gaps and identified issues.
• Provide support for audit-related matters and policy/procedure manual upkeep
• Conduct IT testing for surveillance system/ tool enhancements

What do you need to succeed?

Must have:

• 4-6 years of related work experience at a financial institution and/or regulated securities/mutual fund dealer/and or securities regulatory body
• Knowledge of mutual fund/securities rules and regulations (e.g. CIRO, OSC)
• Business knowledge about mutual fund distribution business activities or other retail investment business activities
• Bachelor's degree or equivalent
• Good understanding of suitability and sales practices, regulatory rules and requirements
• Critical thinking, excellent analytical and problem-solving skills
• Strong written and verbal communication skills

Nice-to-have:

• CSC, CPH
• Prior experience in retail trade surveillance or retail investment compliance undefined

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
• A world-class training program in financial services
• Flexible work/life balance options
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities

#LI-POST

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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.