Compliance Testing Manager

Royal Bank of Canada>; Minneapolis (MN); Hybrid; USD 85,000 - 150,000; Full time

Job summary

A leading banking institution is seeking a Compliance Manager to oversee the U.S. Compliance Testing Program in Minneapolis. The role involves managing testing execution, coordinating efforts with stakeholders, and mentoring team members. This position offers a competitive salary and opportunity to enhance compliance processes within a dynamic regulatory environment.

Benefits

Discretionary bonus

401(k) program with company-matching contributions

Health, dental, vision, life and disability insurance

Paid time-off plan

Qualifications

• 5-7 years’ experience in the financial services industry in Compliance testing.
• Excellent communication and presentation skills.
• Experience with consumer regulations and retail banking.

Responsibilities

• Manage testers during the execution of the annual Compliance Test Plan.
• Drive quality and consistency across Compliance Testing function.
• Coordinate testing schedules with internal stakeholders.

Skills

Audits Compliance

Critical Thinking

Risk Management

Strategic Thinking

Education

5-7 years’ experience in financial services compliance testing

Job description

Responsible for managing the completion of testing reviews for the U.S. Compliance Testing Program, a critical program element of the U.S. Regulatory Compliance Management framework for CUSO / IHC. Will also be managing the overall production of quality final testing reports and work-papers that thoroughly document reviews.

What will you do?

• Manage testers during the execution of the annual Compliance Test Plan, resulting in detailed written reports documenting findings
• Drive quality and consistency across Compliance Testing function
• Coordinate testing schedules with internal stakeholders, including Internal Audit and others, where appropriate
• Escalate high risk issues found to Head of Compliance Testing and members of senior management
• Ensure consistent application of the of issue ratings
• Oversee issue validation process ensuring that corrective action has been taken and issues satisfactorily remediated
• Assist with the reporting of Test Plan governance metrics, including progress to plan reporting and change management
• Identify opportunities and lead initiatives for the enhancement of the Program
• Participate in the annual test plan development process by reviewing and challenging risk assessment results and providing insights gained through testing and understanding of external and internal environments
• Provide training as needed to upskill testers, including both formal and informal (on-the-job) training.
• Participate in the annual performance evaluation process by sharing feedback on tester performance, opportunities for improvement

Time Allocation (%)

• Test Execution – 80%Test Plan Governance – 10%
• Testing Program Governance 10%

What do you need to succeed?

• 5 - 7 years’ experience in the financial services industry in Compliance testing, branch inspection, Internal Audit or at a financial institutions regulator
• Knowledge of FRBNY and OCC rules and regulations
• Experience with consumer consumer regulations, retail banking, lending
• Experience with operating in a highly matrixed environment
• Excellent communication and presentations skills
• Excellent organizational skills
• Excellent collaboration and team-building skills

For Los Angeles, and Jersey City : The good-faith expected salary range for the above position is $110,000-190,000 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 Minneapolis and Wilmington : The good-faith expected salary range for the above position is $85,000-150,000 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, Capital Markets (Trading), Compliance Requirements, Compliance Testing, Critical Thinking, Currency Trading, Debt Capital Markets, Debt Origination, Equity Capital Markets, Exchange Rates, Financial Services Regulatory Compliance, FINRA Regulations, Fixed-Income Markets, Fixed Income Products, Fixed Income Risk, Fixed Income Trading, Informed Decision Making, Interest Rate Trading, Interpersonal Relationship Management, Market Trading, Risk Management, Strategic Thinking, US Markets, Volcker Rule

Additional Job Details

Address :

GOLDMAN SACHS TOWER, 30 HUDSON STREET : JERSEY CITY

City : Jersey City

Country :

United States of America

Work hours / week : Employment Type :

Full time

Platform :

CHIEF LEGAL & ADMIN OFFICE GRP

Job Type : Regular

Posted Date : 2025-04-30

Application Deadline :

2025-06-30

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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Compliance Manager • Minneapolis, United States of America