Senior Manager, Lending Compliance

What is the Opportunity?

The Senior Manager, Lending Compliance will ensure compliance with Federal and State regulatory consumer, UDAP/UDAAP and mortgage lending regulations, and regulatory agency guidance. This includes providing expert guidance related to all consumer, UDAP/UDAAP and mortgage lending regulations and requirements; staying current on regulatory changes, trends in the industry, and US regulator expectations; tracking regulatory changes and reform related to consumer and mortgage lending regulations; partnering with relevant business leaders to ensure adherence to existing and changing requirements; and maintaining relevant RBC Bank compliance policies, procedures and guidance. This role will be responsible for implementing and maintaining a compliance monitoring oversight program designed to assess the Bank's adherence to consumer and mortgage lending compliance regulations

What will you do?

• Maintain and enhance consumer lending compliance strategies into the RBCB daily practices to support the business , including:

  • Development of policies, procedures and guidance

  • Creation and execution of a robust compliance oversight program by development of a risk-based monitoring program of pertinent regulations, clear and concise reporting of monitoring results and escalation of issues (as needed) to management, and tracking to ensure appropriate resolution of issues

  • Expert compliance guidance to assist business unit management with the implementation of appropriate compliance controls

  • Development of tools to support a risk-based consumer lending compliance program, including inherent risk assessment, residual risk assessment, compliance metrics, compliance reports to senior management and the RBCB Board and other tools necessary to report the status of the lending compliance program.

• Monitoring regulatory changes and other guidance published by US regulators for changes to lending regulations, ensuring that the changes are appropriately incorporated into policies, procedures and business/operations practices.

• Keep current on assigned regulations and ensure policies/procedures/training/ monitoring reflect the regulations. Current lending regulations and laws which include, but are not limited to, Regulation B (Equal Credit Opportunity Act), Regulation Z (Truth-in-Lending Act), Flood Disaster Protection Act, Regulation X (Real Estate Settlement Procedures Act), Regulation V (Fair Credit Reporting Act and Fair and Accurate Transactions Act), Fair Housing Act, UDAP and UDAAP.

• Primary driver in managing consumer lending compliance risk, including:

  • Deciding when and how to escalate pertinent compliance issues to senior management when necessary.

  • Deciding when and how to approach business unit senior management to better integrate compliance culture throughout the bank.

  • Partner and provide Fair Lending/UDAAP guidance to the assigned lending and/or deposit lines of business in the review, development, and implementation, of new or changed products, services, and systems, including marketing.

  • Partner with business/operations units to remediate FL/UDAAP risk identified in internal and external examinations.

• Handle complex issues, projects, and processes, including sponsorship of compliance-related projects related to regulatory changes or compliance issues.

• Key impact in managing regulatory and compliance risk and related reputational and operational risk for all RBCB products, services, operations

• Leverages the value in unit, department, and enterprise-wide teams, expertise and processes to develop better solutions and achieve a cross enterprise mindset.

What do you need to succeed?

Must-have:

• 7+ years banking, lending, or compliance experience

• Excellent oral and written communication skills

• Ability to partner with business and other internal RBC partners

• Ability to deal with quick pace

• High attention to detail Preferred:

• Bachelor's Degree

• Certified Regulatory Compliance Manager (CRCM)

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

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Additional Job Details

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.