What is the opportunity?
You will be part of the RBC Compliance Surveillance Team, which is a core, global, second line-of-defense function within Compliance that works closely with the first-line and the third-line (Internal Audit) and other second-line functions as part of an integrated controls framework. It performs routine (mostly automated), post-event monitoring of trading activity and communications (electronic and voice) for controlling and mitigating specific relevant risks (e.g. market abuse and manipulation; Suitability and Sales Practices) associated with the supported retail businesses.(Wealth Management, Royal Mutual Fund)
As Associate Director, Wealth Management Surveillance, you lead, manage and develop a team of Retail Surveillance Officers who are responsible for conducting daily, weekly, monthly and targeted reviews of sales and trading activities for Wealth Management, including foreign retail brokerage branches (DS Global), Royal Mutual Fund and business conduct covering Equities, Fixed Income, Currencies, Listed Derivatives, Commodities, Mutual Funds and OTC (Over the Counter) products. You act as the key relationship manager and contribute to team projects (alert parameter changes, working with Compliance IT), prepare surveillance statistics for periodic reporting and be the overall subject matter expert for Wealth Management Tier 2 Surveillance.
What will you do?
Lead a surveillance program to ensure an effective monitoring program which successfully addresses the regulatory requirements set out in CIRO Rules and RBC Policies for Wealth Management (DS) and Royal Mutual Funds covering Equities, Fixed Income, Currencies, Listed Derivatives and Commodities, Mutual Funds sales and trading.
Ensure that the firm’s Retail Tier 2 reviews and monitoring of other sales practices are completed in accordance with RBC policies and regulatory requirements.
Identify potential areas of risk (financial, reputational, and regulatory) or surveillance trends that may lead to preventative or proactive projects. In response to external or internal audit issues: develop, manage, implement, and govern action plans dedicated to making appropriate modifications to correct the issue(s).
Identify potential efficiencies with current models and implement the change management required to implement these efficiencies. Present to senior management potential issues as they arise and make recommendations with regards to courses of action.
Work with Information Technology to ensure systems and tools supporting the retail surveillance program meet Compliance requirements.
Help develop and maintain up-to-date surveillance policies and procedures covering Wealth Management.
Provide periodic Surveillance statistic reports to Compliance Advisory teams and CCOs, as well as any ad hoc status and reporting on the state of the surveillance program, detailing the identification and status of significant risk and compliance issues.
Keep abreast of new or proposed regulatory changes and help determine if it will have an effect on our surveillance program. Employ strategic vision to plan future technology and program needs based on regulatory and industry trends
Assist in responding to external or internal audit issues: develop, manage, implement, and govern action plans dedicated to making appropriate modifications to correct the issue(s)
Recruit and retain best in class of surveillance talent for RBC Surveillance Team.
Foster healthy and inclusive team environment.
What do you need to succeed?
Must-have
Minimum 5 to 7 years of related work experience at a financial institution and/or regulated securities dealer/and or securities regulatory body with minimum 2 years of management experience.
Experience in conducting Tier 1 branch supervision or Tier 2 surveillance activities.
Strong understanding of retail suitability and sales practices regulatory requirements in Canada eg. CIRO Investment Dealer and Partially Consolidated Rules; National Instrument 31-103 (NI 31-103)
Strong understanding of Wealth Management business and role of participants.
Outstanding leadership, communication, analytical and problem-solving skills.
University degree. CSC, CPH and/or Trader Training Course
Some degree of comfort with technology and a functional understanding of how technology can be applied to surveillance solutions
Nice-to-Have
What’s in it for you?
We thrive on the challenge to be our best, utilizing 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 an agile, collaborative, progressive, and high-performing team
The opportunity to interface with senior level executives from many different parts of the organization
Job Skills
Audits Compliance, Coaching, Collaboration, Compliance Requirements, Critical Thinking, Data Gathering Analysis, Decision Making, Financial Regulation, Industry Knowledge, Interpersonal Relationship Management, People Management, Product Services, Risk Management, Strategic Thinking, Trade Surveillance, Wealth Management
Additional Job Details
RBC CENTRE, 155 WELLINGTON ST W:TORONTO
Toronto
Canada
37.5
Full time
CHIEF LEGAL & ADMIN OFFICE GRP
Regular
Salaried
2026-06-05
2026-07-04
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.
