Senior Compliance Manager (Wealth Management, Retirement Solutions)

RBC Capital Markets, LLC
401(k)
United States, Minnesota, Minneapolis
Jan 14, 2025
Job Summary Job Description What is the Opportunity? This role will lead compliance governance and oversight of (1) RBC Wealth Management - Retirement Solutions Business, proactively engaging and maintaining relationships with business partners to oversight controls and initiatives in compliance with regulatory expectations (Primarily DOL, FINRA, SEC, IRS) and (2) provide regulatory and compliance risk oversight and guidance to RBC Wealth Management - Product Advice and Solutions which could include Fixed Income Products and Trading, Equity Products and Trading, Insurance & Annuities, Cash Management, Complex Products, Mutual Funds, or ETFs based on business need, experience and expertise. What will you do? Timely monitoring, risk identification, and management of risks and initiatives within RBC Wealth Management - Retirement Solutions business line inclusive of compliance oversight of Individual Retirement Accounts, Held Away Institutional Consulting, Group Retirement Plans, and held at RBC Retirement Plans. Timely monitoring, risk identification, and management of regulatory risks and initiatives within assigned product lines based on business need, experience and expertise. Ongoing monitoring of regulatory and external events impacting Retirement Solutions compliance and risk with primary focus on DOL and IRS regulatory changes impacting controls and program design. Lead business partners in the development of control requirements for business initiatives consistent with regulations typically inclusive of DOL, IRS, FINRA and SEC rules and guidance. Assess, monitor and, if applicable, identify policy & procedure governance control weaknesses. Conduct evaluation and develop response strategies in coordination with WM Compliance leadership. Technical knowledge of laws and regulations governing retail broker-dealers, investment advisors with specific knowledge of DOL, ERISA and tax implications of retirement solutions Technical ability to evaluate regulatory guidance and enforcement actions in order to determine regulatory risk profiles as applied to RBC Product. What is needed to succeed? Must-haves Bachelor's Degree 7-10 or more years of experience in a retail Broker Dealer or Investment Advisory capacity managing compliance or risk program oversightof a complex Retirement Solutions Business inclusive if IRA, 401(k), institutional consulting, and Group Retirement Experience developing firm-wide policies and training relative to ERISA/QPAM/IRS Nice-to-have Certified Fiduciary & Investment Risk Specialist or similar designation or certification Experience in fiduciary Management, financial regulation, investment risk, regulatory compliance management, and securities law 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 $85,000-150,000 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 Annuities, Broker-Dealer Compliance, Compliance Risk Management, Critical Thinking, Cross-Departmental Collaboration, Decision Making, ERISA Fiduciary, Fiduciary Management, Financial Regulation, Financial Services Industry, Financial Services Regulatory Compliance, Individual Retirement Accounts (IRAs), Industry Regulation, Interpersonal Relationship Management, Investment Advisers Act, Investment Risk, Investment Risk Management, Regulatory Compliance Management, Securities Laws, Securities Regulations, Strategic Thinking, Wealth Management Additional Job Details Address: 250 NICOLLET MALL:MINNEAPOLIS City: Minneapolis Country: United States of America Work hours/week: 40 Employment Type: Full time Platform: CHIEF LEGAL & ADMIN OFFICE GRP Job Type: Regular Pay Type: Salaried Posted Date: 2025-01-14 Application Deadline: 2025-02-28 Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above Inclusion and Equal Opportunity Employment At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities. We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process. Join our Talent Community Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.