Compliance Testing Officer
Job Summary
Job Description
What is the opportunity?
The Compliance Testing Officer executes independent compliance testing for the U.S. Compliance Testing Program, a critical program element of the U.S. Regulatory Compliance Management framework for RBCs CUSO/IHC. This position is responsible for supporting various stages of the testing lifecycle often under the direction of a Sr. Testing Officer or Management, which may include planning and research to determine scope, gathering documentation, drafting testing scripts, executing testing, and contributing to final conclusions. The Compliance Testing Officer may also support issue validation as well as other initiatives aimed at enhancing the overall Compliance Testing Program.
What will you do?
Conduct testing across the CUSO/IHC, inclusive of transactional testing as well as controls to determine adherence to compliance requirements
Perform research on regulatory requirements to ensure understanding of subject under review
Support overall review by completing testing assignments on time and adhering to departmental procedures and templates
Document testing outcomes, including high quality workpapers and documentation that support conclusions of testing
Provide regular status updates pertaining to progress against assignments
Communicate findings to Sr. Tester or Line of Business Partners
Contribute to issue identification and overall review conclusions
Responsible for escalating challenges with testing as well as the identification of higher risk issues
Provides ideas for the enhancement of the Program by leveraging Compliance Advisory team members, Compliance Practices and Assurance team members, Business Partners, and industry research
Several Testing Officer positions are available. Knowledge in in one of more of the following regulatory compliance subjects is a plus:
Banking (lending, deposit, company-wide regulations)
Capital Markets
Broker-Dealer
Trust & Estates
Time Allocation (%)
Testing Program 80%
Issue Validation 10%
Testing Program Support and Ad Hoc Assignments 10%
What do you need to succeed?
Must-haves
1-4 years experience in the financial services industry in Compliance Testing, Controls Testing, Quality Assurance, Branch Inspection, Internal Audit or at a financial institutions regulatory agency
Knowledge of compliance testing methodologies and/or audit experience
Knowledge of FINRA, SEC, MSRB, FRBNY, CFPB and/or OCC rules and regulations
Whats 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
For California and New York/New Jersey: The good-faith expected salary range for the above position is $80,000 - $135,000 depending on factors including but not limited to the candidates 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.
For Minnesota: The good-faith expected salary range for the above position is $65,000 - $115,000 depending on factors including but not limited to the candidates 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.
RBCs 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 RBCs 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, Financial Regulation, Industry Knowledge, Internal Controls, Interpersonal Relationship Management, Product Services, Risk Management, Strategic Thinking
Additional Job Details
Address:
CNB, 350 SOUTH GRAND AVENUE:LOS ANGELES
City:
Los Angeles
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:
2025-01-16
Application Deadline:
2025-04-30
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.
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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.
Apply Now
Job Description
What is the opportunity?
The Compliance Testing Officer executes independent compliance testing for the U.S. Compliance Testing Program, a critical program element of the U.S. Regulatory Compliance Management framework for RBCs CUSO/IHC. This position is responsible for supporting various stages of the testing lifecycle often under the direction of a Sr. Testing Officer or Management, which may include planning and research to determine scope, gathering documentation, drafting testing scripts, executing testing, and contributing to final conclusions. The Compliance Testing Officer may also support issue validation as well as other initiatives aimed at enhancing the overall Compliance Testing Program.
What will you do?
Conduct testing across the CUSO/IHC, inclusive of transactional testing as well as controls to determine adherence to compliance requirements
Perform research on regulatory requirements to ensure understanding of subject under review
Support overall review by completing testing assignments on time and adhering to departmental procedures and templates
Document testing outcomes, including high quality workpapers and documentation that support conclusions of testing
Provide regular status updates pertaining to progress against assignments
Communicate findings to Sr. Tester or Line of Business Partners
Contribute to issue identification and overall review conclusions
Responsible for escalating challenges with testing as well as the identification of higher risk issues
Provides ideas for the enhancement of the Program by leveraging Compliance Advisory team members, Compliance Practices and Assurance team members, Business Partners, and industry research
Several Testing Officer positions are available. Knowledge in in one of more of the following regulatory compliance subjects is a plus:
Banking (lending, deposit, company-wide regulations)
Capital Markets
Broker-Dealer
Trust & Estates
Time Allocation (%)
Testing Program 80%
Issue Validation 10%
Testing Program Support and Ad Hoc Assignments 10%
What do you need to succeed?
Must-haves
1-4 years experience in the financial services industry in Compliance Testing, Controls Testing, Quality Assurance, Branch Inspection, Internal Audit or at a financial institutions regulatory agency
Knowledge of compliance testing methodologies and/or audit experience
Knowledge of FINRA, SEC, MSRB, FRBNY, CFPB and/or OCC rules and regulations
Whats 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
For California and New York/New Jersey: The good-faith expected salary range for the above position is $80,000 - $135,000 depending on factors including but not limited to the candidates 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.
For Minnesota: The good-faith expected salary range for the above position is $65,000 - $115,000 depending on factors including but not limited to the candidates 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.
RBCs 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 RBCs 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, Financial Regulation, Industry Knowledge, Internal Controls, Interpersonal Relationship Management, Product Services, Risk Management, Strategic Thinking
Additional Job Details
Address:
CNB, 350 SOUTH GRAND AVENUE:LOS ANGELES
City:
Los Angeles
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:
2025-01-16
Application Deadline:
2025-04-30
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.
Apply Now