Compliance Testing Officer

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 RBC’s 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

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

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 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.

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 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

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

CNB, 350 SOUTH GRAND AVENUE:LOS ANGELESLos AngelesUnited States of America40Full timeCHIEF LEGAL & ADMIN OFFICE GRPRegularSalaried2025-01-162025-04-30

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