What will you do?:
- With minimal supervision lead and handle the receipt, response, and follow-up for regulatory inquiries and exam related to the FCM, Swap Dealer, SBSD, and IT & Operational Risk Management Topic;
- Field verbal and written inquiries from various regulatory agencies, including investigations or exams initiated by regulatory agencies;
- Streamline and actively maintain the receipt of written inquiries and exam requests through a centralized mailbox;
- Coordinate and/or conduct due diligence and determine materiality of regulatory issues raised in connection with regulatory inquiries and exams;
- Work closely with relevant subject matter experts and stakeholders throughout FCM, Swap Dealer, and SBSD to draft and prepare responses to regulatory inquiries and exams;
- Manage expectations internally and externally in responding to regulatory requests;
- Manage risk, both material risk to the Firm and the risk of regulatory contacts, by escalating and notifying business units of findings and/or corrective actions required, as appropriate. Assist in and monitor the enhancement of areas that have been identified with findings and/or corrective actions;
- Review books and records pertaining to FCM, Swap Dealer, and SBSD inquiries and exams for proper and complete maintenance;
- Identify and escalate emerging issues and trends associated with inquiries and exams, and areas prioritized by regulatory bodies to management;
- Provide additional resource as an Exam Coordinator for Exams;
- Manage technical enhancements and expansion of the department's inquiry and exam recordkeeping system; and
- Manage the creation, enhancement, and reporting of department's metrics reporting.
Continuous Monitoring
- Manage direct contact with regulators by acting as the primary point of contact with CFTC, CME, ICE, and NFA examiners. This includes fielding verbal and written inquiries from each of the primary regulatory leads; and
- Facilitate and summarize regular meetings with regulators and RBC senior management.
Internal Reporting
- Summarize and prepare reporting that communicates exam activity and issues for the Markets Regulatory Action Committee;
- Prepare internal and Board of Directors level regulatory reporting, and promotes information sharing of existing and new material regulatory issues. Also support enterprise-wide reporting programs, such as RegComp, by recording and updating results of regulatory exams, issues, and investigations;
- Work closely with partners in other Functions and segments, to ensure consistent, insightful and clear communications to senior management; and
- Manage and track Firm and regulatory risk through a monthly metrics report detailing U.S. Regulatory Relations themes and trends in regulatory exams, inquiries, and continuous monitoring.
Additional Responsibilities
- Complete special projects, as assigned; and as required, create and maintain department documentation, including manuals, training materials, and communications.
What do you need to succeed?:
Details regarding the types of experience required
- Extensive and comprehensive regulatory knowledge and expertise
- Excellent judgment and analytical skills
- Excellent written and oral communication skills
- Effective organization skills, including the ability to prioritize between tasks and deadlines
- Ability to effectively analyze risk to the organization of potential issues discovered
- Ability to interact with regulators and in team setting
- Attention to detail and accuracy are essential
- In-depth knowledge of prudential regulations related to markets regulations related to FCM, Swap Dealer, and SBSD entities
- In-depth knowledge of prudential regulations related to IT & Operational Risk Management topics (preferred)
- Solid Microsoft Excel and PowerPoint skills, as well as general Microsoft Office skills
- Exam management experience (preferred)
Education, certification and designation requirements: Required: Bachelor's Degree
Preferred: JD or Master's degree
Additional capabilities and skills: Decision Making, Execution Excellence, Problem Solving, Client Service Excellence, Collaboration, Planning and Organizing, Business Communication
