At a Glance
- Tasks: Manage regulatory compliance and risk for our Wealth Management team.
- Company: Join RBC, a leading global bank with a focus on client success.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity to work with industry leaders and drive meaningful change.
- Why this job: Make a real impact in a dynamic, collaborative team while growing your career.
- Qualifications: Experience in wealth management and strong project management skills required.
The predicted salary is between 60000 - 80000 £ per year.
The Chief Administration Office (CAO) supports the Wealth Management Europe (WME) business lines through three core principles. Protect implements and embeds effective first-line controls and processes within the Advice business to ensure good client outcomes from the outset. Sustain acts as the first point of contact between Front Office and Client Facing Teams (CFT), identifying and triaging issues that impact business productivity, efficiency, and performance against KPIs and KRIs. Grow identifies process-related opportunities to increase capacity for Client Facing Teams to pursue new business, including ensuring high-quality data availability, delivering front office change projects, and providing training.
We are seeking a Regulatory and Risk Manager to join the CAO on a 12 Month FTC to cover maternity leave. The role supports the organisation on regulatory matters impacting the CFT, including horizon scanning to assess impact on CFTs and clients, and implementing regulatory changes. The role holder drives compliance with policies by assessing policy changes during consultation, deploying policies, identifying new requirements, and ensuring clear communication and understanding across CFTs.
What will you do?
- Supporting the wider Client Controls team and Head of Function with regards to operational risk, Compliance Monitoring / Financial Crime actions / Controls / RCSAs, operational resilience, data privacy, data security related matters and other new regulations
- Managing Fraud Working Group issues to improve the bank amends processes and controls and supporting CFTs with live fraud cases
- 1099b forms and process – coordinating comms, client outreach and tracking outcomes
- Management of conflict-of-interest submissions
- Ownership of documents in the Client Literature Forum
- Supporting implementation of Policy changes / adoption of Policies (working with Compliance)
- Supporting the HMRC Audit, or other audits related to a regulatory lens
- DSAR support
- Production of MI & Reports
- Support with any impact arising from changes to Organisational setup impacting Senior Managers related to SMCR responsibilities
- Escalation of critical risks ahead of time and proposition of options to resolve and mitigate risk
What do you need to succeed?
- Must-have Experience of working in similar roles for a wealth management firm
- In-depth understanding of the implications of adherence to regulation and policy and able to evidence experience of embedding this in a similar firm
- Proven project management skills; well organised and able to deliver good outcomes for clients and colleagues.
- Experienced and competent at managing business projects and coordinating business initiatives in a structured manner
- Numerate and able to define MI fit for purpose
- Comfortable interacting with people at all levels of the organisation and challenging demands, if necessary
- Excellent attention to detail, taking pride in high quality output
- Able to focus on priorities and follow tasks through to completion
Nice to have
- Relevant professional qualifications
What is 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. Leaders who support your development through coaching and managing opportunities. Opportunities to work with the best in the field. Ability to make a difference and lasting impact. Work in a dynamic, collaborative, progressive, and high-performing team.
Regulatory and Risk Manager - 12 Month Fixed Term Contract, Wealth Management Europe in London employer: Royal Bank of Canada
RBC is an exceptional employer that prioritises employee growth and development, offering a dynamic and collaborative work environment in the heart of London. With a strong commitment to inclusivity and respect, employees are empowered to thrive while making a meaningful impact on clients and communities. The company fosters a culture of continuous improvement, providing opportunities to work alongside industry leaders and engage in innovative projects that drive success.
StudySmarter Expert Advice🤫
We think this is how you could land Regulatory and Risk Manager - 12 Month Fixed Term Contract, Wealth Management Europe in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the wealth management sector and let them know you're on the lookout for opportunities. You never know who might have the inside scoop on a role that’s perfect for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you answer questions more confidently and show that you’re genuinely interested in being part of their team.
✨Tip Number 3
Practice your responses to common interview questions, especially those related to regulatory compliance and risk management. Use the STAR method (Situation, Task, Action, Result) to structure your answers and highlight your relevant experience.
✨Tip Number 4
Don’t forget to follow up after your interviews! A quick thank-you email can go a long way in leaving a positive impression. Plus, it shows your enthusiasm for the role and keeps you on their radar.
We think you need these skills to ace Regulatory and Risk Manager - 12 Month Fixed Term Contract, Wealth Management Europe in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in regulatory matters and risk management. We want to see how your skills align with the specific needs of the Wealth Management Europe team.
Showcase Your Project Management Skills:Since project management is key for this role, don’t forget to include examples of how you've successfully managed projects in the past. We love seeing how you’ve delivered good outcomes for clients and colleagues!
Be Detail-Oriented:Attention to detail is crucial in this position. Make sure your application is free from typos and clearly structured. We take pride in high-quality output, so show us you do too!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows you’re keen on joining our dynamic team!
How to prepare for a job interview at Royal Bank of Canada
✨Know Your Regulations
Make sure you brush up on the latest regulations and policies relevant to wealth management. Being able to discuss how these impact client outcomes will show that you’re not just familiar with the rules, but that you can apply them in real-world scenarios.
✨Showcase Your Project Management Skills
Prepare examples of past projects where you successfully managed compliance or operational risk. Highlight your organisational skills and how you delivered positive outcomes for clients and colleagues. This will demonstrate your ability to handle the responsibilities of the role.
✨Engage with the Interviewers
Don’t hesitate to ask questions during the interview. Engaging with the interviewers about their experiences or challenges they face can show your interest in the role and help you understand the company culture better.
✨Attention to Detail is Key
Be ready to discuss how you ensure high-quality output in your work. Bring examples of how your attention to detail has made a difference in previous roles, especially in compliance or regulatory contexts. This will reinforce your fit for the position.
