Manager, Remote Branch Examiner

What is the opportunity?

The Branch Inspection Program is one pillar of the IMBD Central Compliance team responsible for reviewing for compliance with FINRA Rules 3110 and 3120, NFA Rule 2-9, MSRB Rule G-27, and various internal Firm policies and procedures. The Program reviews for compliance across four broker-dealers within the RBC umbrella: RBC Capital Markets LLC (encompasses both retail and institutional businesses), RBC CMA Ltd., City National Securities, Inc., and CNR Securities, LLC (latter two herein, “CNB broker-dealers”). This team may also participate in special projects within the Central Compliance team and contribute to its overall reporting.

Working hours:

• 3 Weeks - APAC Time - 9.00AM -6.00PM
• 1 Week - US Time- 9.00PM -6.00AM

What will you do?

Branch Inspections:

• The Remote Branch Examiner is expected to complete numerous virtual inspections per year of various Firm locations across the Wealth Management and Capital Markets divisions of RBCCM, LLC and CNB broker-dealers.

• Conduct comprehensive virtual inspections to detect instances of policy violations in a variety of areas, which include, but are not limited to, information barriers, off-channel communications, safeguarding of information, conflicts of interest, privacy incidents, recordkeeping, etc.

• Lead discussions, with applicable branch or location personnel, summarize reviews in a written final report, maintain appropriate documentation to support reviews and findings/issues, and escalate any areas where concerns were noted. The final report will be distributed to business stakeholders, inclusive of senior management, and may require presentations by the examiner.

• Contribute/generate ideas for enhancements to the Program by leveraging industry research, holding discussions with LOB Compliance Advisory teams, and other methods.

• Responsible for training offshore examiners, and new examiners, on branch inspection policies, procedures, practices, and business lines across Wealth Management, Capital Markets, and CNB broker-dealers.

• Lead and collaborate with On-site Examiners dispersed across various time zones to complete on-site inspections (as needed).

• Contribute content updates to branch questionnaires and inspection review scripts for the on-site and virtual programs and action the updates where necessary.

• Must work U.S. Eastern Standard Time (EST) hours one week per month to conduct virtual interviews and assist with other onshore duties as needed.

Special Projects:

• Willing to assist with special projects as they arise. Examples include, but are not limited to, relevant investigations, complaints, escalations, Regulatory Compliance Management (RCM), etc.
• While remote inspections and interviews are conducted virtually, employees are expected to maintain a hybrid work arrangement with regular in-office presence.

What do you need to succeed?

Must-have

• Bachelor’s Degree
• 5-7 or more years of experience in banking compliance
• Knowledge of FINRA (particularly Rule 3110), SEC, and MSRB expectations, rules, and regulations
• Familiarity with Capital Markets and/or Wealth Management products, strategies, and activities at a U.S.-registered broker-dealer.
• Experience in roles in any of the following areas: Compliance Testing, Quality Assurance, Branch Inspections, Surveillance, and/or Internal Audit.

Nice-to-have

• Masters or Law School Degree
• Any FINRA Registrations (Series 7, 24, etc.)