Director, HR Regulatory Compliance Governance

Royal Bank of Canada>; Toronto; On-site; CAD 120,000 - 160,000; Full time

Job summary

As the Director of HR Regulatory Compliance Governance at a leading financial institution, you will oversee compliance management and team operations, ensuring adherence to regulatory requirements and risk oversight. This role demands expertise in compliance and strong stakeholder management capabilities, aimed at fostering a robust risk culture within HR.

Benefits

Comprehensive Total Rewards Program including bonuses

Flexible benefits

Competitive compensation

Opportunities for development through coaching

Qualifications

• Minimum of 7 years of previous work experience in Regulatory Compliance risk management.
• Strong collaboration and stakeholder management skills.
• Excellent written and verbal communication skills.

Responsibilities

• Ensure robust global RCM program aligned with regulatory requirements.
• Manage a team of regulatory compliance SMEs responsible for oversight.
• Lead reporting of RCM activities to senior management.

Skills

Audits Compliance

Critical Thinking

Risk Management

Strategic Thinking

Data Gathering Analysis

Education

Law degree or legal background / experience

Knowledge of OSFI E-13 and / or RCM methodology

Tools

Excel

PowerPoint

Job description

As an integral member of the HR Governance & Controls team, the Director, HR Regulatory Compliance Governance will support the VP, HR Governance & Controls with the effective oversight and ongoing administration and maintenance of HR’s global Regulatory Compliance Management (RCM) program pursuant to the Functions Compliance Oversight Program (FCOP). Specifically, this role will influence and impact as follows :

• Ensure a robust global RCM program for the HR function that is aligned with the expectations and requirements of OSFI Guideline E-13 as well as RBC’s RCM Framework and RCM Control Standards.
• Act as a regulatory compliance subject matter expert within HR on all aspects of the RCM and FCOP program, providing effective challenge and oversight to each of HR’s risk areas / centres of expertise (COEs).
• Responsible for the timely escalation of significant regulatory compliance issues and risks impacting the HR function and reporting on the state of compliance to Senior Management.
• Establish and maintain a strong regulatory compliance risk culture within the global HR function, providing training on regulatory compliance management best practices to HR COEs executing risk activities.
• Foster strong stakeholder relationships to enable active and collaborative working relationships.
• Manage a team of regulatory compliance SMEs responsible for risk oversight and maintenance of a compliant RCM program.

What will you do?

• Primary contact and SME for HR’s global RCM and FCOP program with responsibility for ensuring program adherence to OSFI’s regulatory requirements and RBC’s Enterprise Compliance policies and frameworks.
• Lead the risk oversight team responsible for executing “Oversight Area” RCM activities in accordance with the FCOP Standard, including, without limitation :
• Performing oversight, coordination and assessor activities in CUBE to ensure an effective regulatory change management process for the HR function and ensuring an accurate and complete regulatory inventory and library covering all regional risk areas / COEs.
• Working with COE / regional risk owners to ensure controls are designed to mitigate regulatory compliance risk and are appropriately identified, documented, and performed.
• Performing oversight of periodic risk assessments alongside risk owners, to identify inherent risks, control adequacy, and resulting residual risk, based on the occurrence of trigger events.
• Raising issues within the Enterprise Issue Management system where there is a risk exposure relating to compliance risk for HR’s COEs / regional risk areas and ensuring adequate oversight of remediation, sustainability and issue closure.
• Executing on ongoing monitoring activities to ensure controls are operating effectively.
• Working with the Enterprise Chief Controls Office to ensure results of testing of compliance controls for the HR function are communicated and considered for impact to risk assessments and risk posture.
• Maintaining holistic and up to date RCM policy and procedure documents for the global HR function.
• Leading the reporting of RCM activities and status to HR senior management and other relevant stakeholders to provide a comprehensive view of the function’s regulatory compliance risk profile, leveraging risk dashboards, metrics and other information sources where appropriate. Such reporting should cover but is not limited to : identifying material compliance risks, regulatory change activities, material issues, slipped issues, emerging regulatory trends or requirements and any other material compliance risks impacting HR.
• Maintaining the RCM Universe on behalf of the HR function, ensuring all regional risk areas have accountable executives with accountabilities reflecting the scope of the functions compliance oversight as required under the FCOP standard.
• Lead HR contact for the purposes of Enterprise Compliance’s quarterly FCOP reporting, the annual RCM FCOP assessment and Quality Assurance testing.
• Support senior management with responses to regulatory compliance related information requests from regulators or statutory bodies and with regulator or internal audit exams.
• Direct people leadership of team members.
• Perform other activities, duties, responsibilities as may be required.

What do you need to succeed?

Must Have

• Minimum of 7 years of previous work experience in Regulatory Compliance risk management and / or Compliance Governance.
• Knowledge of OSFI E-13 and / or RCM methodology
• Strong collaboration and stakeholder management skills
• Excellent written and verbal communication skills
• Experience and ability to deal with senior leadership and executives

Nice to Have

• Law degree or legal background / experience
• Knowledge of the functions oversight / reliance model to regulatory compliance
• Strong use of Excel and PowerPoint applications
• HR related experience

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

Job Skills

Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Financial Regulation, Industry Knowledge, Interpersonal Relationship Management, Product Services, Risk Management, Strategic Thinking

Additional Job Details

Address :

ROYAL BANK PLAZA, 200 BAY ST : TORONTO

City : TORONTO

Country : Canada

Work hours / week : 37.5

Employment Type : Full time

Platform :

HUMAN RESOURCES & BMCC

Job Type : Regular

Posted Date : 2025-06-16

Application Deadline :

2025-07-02

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

I nclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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