Regulatory Associate Investment Management

Job Description

Job Description

ABOUT US

RBC Rochdale partners with financial advisors and their high-net-worth clients to build intelligently personalized investment portfolios. RBC Rochdale provides investment research, portfolio management, macroeconomic outlook and strategic asset allocation to help clients meet their long-term goals. RBC Rochdale, LLC is an SEC-registered investment adviser and wholly-owned subsidiary of City National Bank.

REGULATORY ASSOCIATE INVESTMENT MANAGEMENT

WHAT IS THE OPPORTUNITY?

This position sits in City National Bank's Investment Management Group's (IMG) and supports the Head of Regulatory Governance for the Chief Investment Officer. This is a First Line of Defense role and is responsible for the identification, monitoring and mitigation of operational and regulatory risks. In addition, the role will support the IMG's corporate governance requirements, controls implementation and monitoring, and development and maintenance of procedure documentation. The role will also facilitate reviews by compliance, internal audit and external regulators while providing knowledge of OCC and SEC fiduciary based regulatory requirements.

 

WHAT WILL YOU DO?

• Learn, understand and apply investment management best practices and fiduciary requirements arising out of OCC and SEC regulations and expectations
• Support the identification and remediation of regulatory, compliance and operational risks to the IM business. Responsible for the development and implementation of new programs/strategies, regulations, rules, and risk management requirements
• Support committee corporate governance requirements including agenda creation, minute taking, and tracking of issues
• Support the business meet its enterprise level risk program requirements, including Risk and Control Self Assessments (RCSA’s), Compliance Risk Assessments (CRAs), Issue Management
• Support continuous improvement to over risk culture, risk conduct, and risk literacy within the business, including the design and implementation of preventive and detective controls around Investment Management activities
• Analyze, evaluate, and review current risk management practices across the organization. Collaborate closely with colleagues across the 2nd and 3rd lines to strengthen the control environment and enhance risk management practices
• Conduct research, analysis, and interpretation of data and information to support new business ang organizational plans, strategies, and initiatives planning
• Act as the business liaison for business line risk and controls management, compliance activities, legal engagement, and internal or external audits
• Build and sustain effective relationships and alliances internally and across all lines of business and staff areas to help deliver results. Understand interdependencies to achieve success.
• Draft concise written materials for communications with senior management. Develop presentations for internal and external meetings that are compelling, concise, and clear
• Write clear advocacy memos and email correspondence that exhibit strong critical analysis and organization
• Direct and participate in special projects, as necessary.
• Facilitate audit and examination activities.
• Cultivate and grow risk talent within the organization through coaching, mentoring, and occasionally assisting with review of applicable training.

 

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

• Bachelor's Degree or equivalent
• 7+ years managing projects
• 7+ years of experience in or related to financial services

Additional Qualifications

• JD or MBA, or other advanced degree preferred
• Project & Problem-Solving: End-to-end project management with demonstrated ability to deconstruct complex problems, prioritize issues, and build quantitative and qualitative analyses
• Financial Services Expertise: Knowledge of Financial Services, Project Management, OCC 12CFR9, SEC Registered Investment Advisor '40 Act requirements, and fiduciary standards (or ability to learn quickly)
• Influence & Collaboration: Strong interpersonal skills with ability to influence change and achieve goals without direct control over resources; excellent stakeholder management
• Communication: Exceptional oral and written communicator; confident presenting to all organizational levels
• Analytical Skills: Outstanding quantitative and analytical capabilities with structured thinking and meticulous attention to detail
• Cross-Functional Teamwork: Ability to work effectively in diverse teams and drive operational change across all levels
• Operational Excellence: Superior time management, prioritization, and ability to manage multiple priorities simultaneously while meeting deadlines
• Pressure & Complexity: Thrives under pressure with tight timelines; handles uncertainty well and simplifies complexity
• Proficiency in MS Excel and PowerPoint

WHAT'S IN IT FOR YOU?

Compensation

Starting base salary: $92,114 - $156,880 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.

ABOUT US

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.

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