Senior Compliance Testing Officer

RBC; Los Angeles (CA); Hybrid; USD 80,000 - 135,000; Full time

Job summary

RBC is hiring Senior Testing Officers in Los Angeles to ensure compliance with government and industry standards. The role demands over 5 years of experience in compliance testing, with responsibilities including conducting tests, leading reviews, and documenting findings, offering a comprehensive rewards program.

Benefits

Comprehensive Total Rewards Program including bonuses and flexible benefits

Competitive compensation

Opportunities for professional development

Dynamic, collaborative, high-performing team environment

Qualifications

• 5+ years’ experience in the financial services industry specifically in Compliance Testing.
• Proficiency in compliance testing methodologies and/or audit experience.
• Experience with FINRA, SEC, MSRB, FRBNY, CFPB and OCC rules.

Responsibilities

• Conduct testing across the Combined U.S. Operations.
• Perform research on regulatory requirements and business controls.
• Lead reviews and guide other testers.

Skills

Audits Compliance

Critical Thinking

Data Gathering Analysis

Decision Making

Industry Knowledge

Internal Controls

Interpersonal Relationship Management

Product Services

Risk Management

Strategic Thinking

Education

Bachelor's degree or equivalent experience in a related field

Job description

Job Summary

Job Description

What is the Opportunity?

Ensure that an organization's operations and procedures meet government and industry compliance standards. Applies experience and seasoned knowledge, skills, and practices to perform a variety of assignments.

What will you do?

• Conduct testing across the Combined U.S. Operations (CUSO)/Intermediate Holding Company (IHC), inclusive of the testing of controls and adherence to regulatory requirements
• Perform research on regulatory requirements and business controls to determine optimal approach to testing while employing a risk-based approach
• Lead reviews and guide other testers, but may also assist other team members with completing reviews and/or portions of testing
• Document conclusions of testing, including detailed workpapers as well as written reports documenting conclusions and findings
• Assist with the reporting of the status of reviews in support of Test Plan Governance, including progress to plan reporting and change management
• Provide ideas for the enhancement of the Program by leveraging Compliance Advisory team members, Compliance Practices and Assurance team members, Business Partners, and industry research
• Responsible for assessing issues and advising on ratings, root causes, etc., and effectively communicating to Line of Business and compliance partners to obtain agreement
• Responsible for escalating high risk issues found to senior management
• Responsible for issue entry to CALMA and RegComp and oversight that corrective action has been taken and issues satisfactorily remediated

We are hiring several Senior Testing Officers requiring proven experience in 2LOD compliance testing with subject matter expertise in one or more of the below subjects/areas:

Banking

• Lending, Deposits
• Trust & Estates - Must have a solid understanding of Reg 9 requirements for fiduciary accounts
• Mortgages - Must have a solid understanding of FDPA requirements as well as other lending regulations (TRID/RESPA/TILA/ECOA/FCRA)
• Company-wide regulatory compliance – Reg W / Reg O / Privacy

Capital Markets

• Volcker
• Fixed income rates
• Commodities
• Swap Dealer
• ECM
• DCM

Time Allocation (%)

• Testing Program – 80%
• Issue Validation – 10%
• Testing Program Support and Ad Hoc Assignments – 10%

What do you need to succeed?

Must-haves

• 5+ years’ experience in the financial services industry specifically in Compliance Testing, Internal Audit or at a financial institutions regulatory agency
• Proficiency in of compliance testing methodologies and/or audit experience
• Proficiency in applicable FINRA, SEC, MSRB, FRBNY, CFPB and OCC rules and regulations in the area of coverage
• Experience with operating in a highly matrixed environment.

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

• Opportunities to do challenging work

• Opportunities to build close relationships with clients

For California, New York, New Jersey: The good-faith expected salary range for the above position is $80,000 - $135,000 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 Minnesota and Delaware: The good-faith expected salary range for the above position is $65,000 - $115,000 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, Critical Thinking, Data Gathering Analysis, Decision Making, Industry Knowledge, Internal Controls, Interpersonal Relationship Management, Product Services, Risk Management, Strategic Thinking

Additional Job Details

Address:

CNB, 350 SOUTH GRAND AVENUE:LOS ANGELES

City:

Los Angeles

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

CHIEF LEGAL & ADMIN OFFICE GRP

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-01-14

Application Deadline:

2025-06-30

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

Inclusion 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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