About Company
Royal Bank of Canada (RBC) is a global financial institution with a purpose-driven, principled approach to delivering leading performance. As one of the largest banks in the world, we provide diverse financial services including personal and commercial banking, wealth management, insurance, investor services, and capital markets products and services globally. Our success is built on a foundation of integrity, client focus, and an unwavering commitment to operational excellence. At RBC, we believe in supporting our employees, fostering an inclusive culture, and contributing positively to the communities where we live and work. Join a team where your contributions are valued, and your career growth is a priority.
Job Description
RBC is seeking a highly motivated and experienced Compliance Officer to join our dynamic team in Browntown, Wilmington. This is an urgent hiring for a critical role that will contribute significantly to maintaining RBC’s robust compliance framework and upholding our commitment to ethical conduct and regulatory adherence. As a Compliance Officer, you will play a pivotal role in ensuring that all business activities within your assigned areas operate in full compliance with applicable laws, regulations, and internal policies. You will be responsible for providing expert advice, conducting detailed risk assessments, and implementing effective controls to mitigate compliance risks. This role requires a keen eye for detail, strong analytical skills, and the ability to interpret complex regulatory requirements into practical business solutions. You will be at the forefront of identifying emerging compliance issues, developing training programs, and fostering a culture of compliance across the organization. This position offers a unique opportunity to work within a leading global financial institution, contributing to its stability and reputation while advancing your career in financial compliance. If you are passionate about regulatory compliance and possess the expertise to navigate a complex financial landscape, we encourage you to apply.
Key Responsibilities
- Develop, implement, and maintain compliance programs and policies in line with regulatory requirements and internal standards.
- Conduct comprehensive risk assessments to identify potential compliance vulnerabilities and gaps.
- Provide expert advice and guidance to business units on regulatory matters, new product initiatives, and operational changes.
- Monitor regulatory developments and analyze their impact on RBC's operations and compliance framework.
- Oversee and conduct internal investigations related to compliance breaches or regulatory inquiries.
- Prepare and submit regulatory reports accurately and on time.
- Design and deliver compliance training programs to employees across various departments.
- Collaborate with internal audit, legal, and risk management teams to ensure a coordinated approach to governance.
- Review marketing materials, client communications, and other business documents for compliance with regulations.
- Lead or participate in projects aimed at enhancing compliance controls and processes.
Required Skills
- Bachelor's degree in Finance, Law, Business Administration, or a related field.
- Minimum of 4 years of experience in a compliance role within the financial services industry.
- In-depth knowledge of banking laws, regulations (e.g., BSA/AML, OFAC, Dodd-Frank), and industry best practices.
- Strong analytical and problem-solving skills with meticulous attention to detail.
- Excellent written and verbal communication skills, capable of conveying complex information clearly.
- Ability to work independently and as part of a team in a fast-paced environment.
- Proven ability to interpret and apply complex regulatory requirements.
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).
Preferred Qualifications
- Master's degree or Juris Doctor (JD).
- Professional certifications such as Certified Compliance Professional (CCP), Certified Anti-Money Laundering Specialist (CAMS), or equivalent.
- Experience with regulatory examinations and inquiries.
- Familiarity with global financial regulations and international compliance standards.
- Project management experience.
Perks & Benefits
- Competitive salary and performance-based bonuses.
- Comprehensive health, dental, and vision insurance.
- Generous paid time off and holiday schedule.
- 401(k) matching and retirement planning services.
- Employee stock purchase plan.
- Professional development opportunities and tuition reimbursement.
- Wellness programs and employee assistance program (EAP).
- Maternity/Paternity leave.
- Access to a global network of professionals and career advancement prospects.
How to Apply
Interested candidates are encouraged to apply by clicking on the application link below. Please submit your resume and cover letter detailing your qualifications and experience relevant to this role. We thank all applicants for their interest, however, only those selected for an interview will be contacted.