Job Summary

Job Description

What is the opportunity?

Senior Risk Manager, Clearing & Custody

Supports RBC Clearing & Custody (C&C) firms to manage risks and improve processes. Applies regulatory knowledge, experience and in-depth understanding of RBC back-office processing, policies and procedures when supporting firms.

What will you do?

Support C&C firms to resolve complex client account issues, understand RBC Policies and Procedures and regulatory requirements.Support Director Regulatory Risk to pro-actively communicate and work with firms to increase their knowledge and understand of regulatory requirements and the impacts to their business.Work with C&C firms, RBC Compliance and various trade support resources to resolve issues around CAT, TRACE or MSRB reporting.Support RIA Oversight and Correspondent Risk team by providing subject matter expertise, exceptions as needed and back up as necessary.Serve as a key point of escalation for AML, risk and compliance issues related to the C&C line of business.Take a lead role representing the C&C line of business with various RBC resources and projects.Ensure C&C policies, procedures and materials are accurate and up-to date,Communicate with C&C firms and team members concerning any changes to policy and procedures.

What do you need to succeed?

Must-have

Strong understanding of clearing, settlement and regulatory reporting processes/requirements.Ability to effectively communicate and build consensus with C&C firms and  internal RBC resources to understand and resolve complex client issues.Ability to assess risk and make reasonable decisions concerning the C&C LOB.4-year degree from an accredited university or equivalent or 7+ years of securities, banking, technology and/or job specific industry experience.Securities license 7 and 24 (or able to obtain license within 120 days).

Nice-to-have

Excellent communication skills – both written and verbal.Advanced problem identification, analytical and resolution skills required to support escalated issue resolution and/or oversight requirements associated with exception-based complex processes.Detail orientated, and above average organizational skills.Able to independently manage multiple demands and competing priorities.

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.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.

The expected salary range for this position is $85,000-$150,000, depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

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 cultureEnables collective achievement of our strategic goalsGenerates sustainable shareholder returns and above market shareholder value

Job Skills

Business, Communication, Customer Service Management, Customer Support Operations, Financial Instruments, Fraud Risk Management, Long Term Planning, Management Reporting, Operational Risks, Problem Management, Problem Resolution, Researching, Risk Control, Risk Management

Additional Job Details

Address:

250 NICOLLET MALL:MINNEAPOLIS

City:

Minneapolis

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

WEALTH MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-03-08

Application Deadline:

2025-03-22

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 embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.