Compliance Associate, Wealth Management Compliance (Summer 2022 Student)

Job title: Compliance Associate, Wealth Management Compliance (Summer 2022 Student)

Job description: Please note: This posting is for a 4-month Student Summer 2022 placement with a start date of May 2022, and end-date of August 2022. In order to be eligible for this 4-month Student position, you must either:

• Be returning back to school after the work term end-date of August 2022; or
• If you are not returning back to school (i.e. are graduating in August 2022), you must require the work term as a mandatory component to in order to graduate successfully.

Please ensure that you meet these eligibility requirements before applying – candidates who apply but are found to be ineligible are not able to be considered.

What is the opportunity?

Wealth Management Compliance supports the various business lines of RBC Wealth Management. We are accountable for the administrative support of RBC’s internal monitoring of PRO accounts for DS and DI employees, including PRO accounts for non RBC employees, to ensure that RBC is appropriately managing its regulatory and reputational risk by complying with its regulatory requirements and industry best practices.

The incumbent will work closely with the Compliance Analyst to execute key elements of our Employee Monitoring Program.

What will you do?

• Approve/reject DI accounts of DS employees taking into consideration their role and reason for maintaining the accounts with DI.
• Escalate DI account requests from IA, BM and ABM to Director of Surveillance if needed.
• Escalate all requests for accounts of DS/DI employees outside DS/DI for approval. Responsible for gathering preliminary details regarding the accounts.
• Ensure accounts of other IIROC member firms employees are marked as Pro and duplicate statements are provided to the external firms.
• Ensure proper process is followed for non-IIROC member firm employees (i.e. client consent, non-pro range).
• Assist external firms by providing account statements and necessary account details.
• Responsible for maintaining records of approved accounts which are also leveraged by other DS Compliance partners.
• Review account activities on a monthly basis.
• Track and request from external firms duplicate statement not received.
• Assist Branch Management in obtaining monthly statements of Pro accounts for supervision.

What do you need to succeed?

Must-have

• Strong team player and has the ability to work independently, managing various high priorities with a heavy workload.
• Strong ethics coupled with the respect for the highest standards, and ability to escalate issues appropriately.
• Strong interpersonal skills to communicate effectively at all levels, both informally and formally.
• Self-motivated and gives prompt advice to the business with a view to providing effective and efficient Compliance solutions to our business partners, while keeping in line with RBC’s core values, Code of Conduct, RBC Leadership Model, internal policies and procedures, and all legal and regulatory requirements.
• IT knowledge required to provide support to various businesses as required.
• Highly adaptable and able to deal well with change.

Nice-to-have

• Securities Knowledge
• MS Office

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.

• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work and make a difference
• Further develop your time management skills – working in a high volume, fast paced environment, managing various high priorities while working independently.
• Advance your communication skills – dealing with employees everyday communicating information and explaining concepts outlined in policies.
• Collaboration – working in a team environment to collectively meet our strategic goals.
• Wealth Management – the Associate will have the opportunity to learn about the wealth management business within RBC Dominion Securities, how they function and what risks are prevalent.

We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is 17th January 2022. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps. Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.

RBC is committed to supporting flexible work arrangements when and where available. Candidates for this role will be required to be located within Ontario for the duration of the work term. More specific details regarding virtual, hybrid, and in-office arrangements for Integrated Learning/ Co-op positions will be discussed with the Hiring Manager.

HO2022

OAA2022

TAD2022

About RBC
Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit .

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Inclusion and Equal Opportunity Employment
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.

JOB SUMMARY

City: Toronto
Address: 155 Wellington Street West
Work Hours/Week: 37.5
Work Environment: Office
Career Level: Student Job
Job Posting End Date: 01/17/2022
Req ID: 436360

Posting Notes:

Company: Royal Bank of Canada

Expected salary:

Location: Toronto, ON

Job date: Sat, 18 Dec 2021 03:05:54 GMT

Job Source: Careerjet.ca

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