Job description
Come Work with Us!
At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.
Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.
Job Title
Job Description
What is the opportunity?
This individual will serve as the Head of Private Client Group Compliance and report directly to the Chief Compliance Officer for US Wealth Management. This role provides the opportunity to own specific regulatory topics related to the Private Client Group, including specifically those related to WM’s approximately 2,100 financial advisors.
This opportunity can be in these various locations below.
Minneapolis, MN
Chicago, IL
St. Louis, MO
Kansas City, KS
What will you do?
- Lead a team of Compliance SMEs that focus on Wealth Management sales practices and field related matters.
- Participate as the Compliance representative in firm governance committees and forums.
- Oversee and advise on processes relating to advisor recruiting, client complaints, investigations and employee disciplinary matters.
- Coordinate with colleagues from Compliance and those in other areas of the firm in identifying activity that may be indicative of unusual conduct, trading patterns, potential gaps in supervision, or possible violations of law, regulations, or internal policies and procedures.
- Oversee the supervision and controls around electronic communications and digital strategies.
- Advise the first line on compliance policies, laws, regulations and rules and regulations relating to sales practices, including Regulation Best Interest and Adviser Act standard of care assessments, and related supervision.
- Review and challenge where appropriate 1LOD business proposals, policies, procedures, including written supervisory procedures.
- Represent US Compliance in global Wealth Management Compliance initiatives.
What do you need to succeed?
To be successful, you will need to be proactive, possess good judgment, be solution-oriented and a team player. You will need be confident and professional in all dealings and have the proven ability to lead a team, projects, and issues simultaneously. Have the ability to build strong working relationships with peers and with all levels of management.
Must-have
- 15+ years of experience in Wealth Management, including an expert level understanding of SEC and FINRA regulations, with a particular focus on sales practice and best interest/suitability concerns involving retail products in brokerage and advisory account.
- Extensive knowledge of investment products with an emphasis on identification and mitigation of sales practice and related supervisory issues.
- Proven leadership ability
- Have strong verbal and written communications skills and the ability to prioritize and handle multiple tasks in a fast-paced environment
Nice-to-have
- J.D. or advanced degree
- Prior experience with the SEC or FINRA
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
- Flexible work/life balance options
- Opportunities to do challenging work
- Opportunities to take on progressively greater accountabilities
- Access to a variety of job opportunities across business
Job Summary
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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.
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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 rbc.com/careers.
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