Head of Wealth Management Compliance
Not Disclosed•Full-TimeOn-site
location_on909 Third Avenue, 909, 3rd Avenue, Turtle Bay, Manhattan Community Board 6, Manhattan, New York County, New York, 10022, United States
City National Bank (CNB) was founded in 1954 by entrepreneurs for entrepreneurs, building a legacy of integrity, community, and unparalleled client relationships. As a subsidiary of Royal Bank of Canada (RBC), one of North America's leading diversified financial services companies, CNB operates within a complex regulatory landscape. The Wealth Management Compliance business encompasses investment advisory, broker-dealer, trust, and fiduciary activities executed through the Bank, RBC Securities, RBC Rochdale, and RBC Trust Company (Delaware).
This role sits at the intersection of multiple regulatory regimes, including the Office of the Comptroller of the Currency (OCC), the Federal Reserve, FINRA, and the SEC. The Head of Wealth Management Compliance will serve as a strategic partner to the US Capital Markets and Wealth Management teams, driving synergy across the US while balancing the distinct expectations of these various authorities. The position is critical for fostering a culture of ethics and integrity while ensuring the firm leverages RBC's shared services and best practices.
As the Head of Wealth Management Compliance, you will oversee the compliance function for a division that operates out of entities that are direct and indirect subsidiaries of CNB. Your mission is to advance compliance programs that address the Investment Advisers Act of 1940, the Investment Company Act of 1940, and other key securities regulations, while ensuring alignment with OCC Regulation 9 and ERISA.
You will act as a trusted advisor to the Wealth Management and Private Banking businesses, providing independent challenge to senior management and business partners regarding risk-taking activities. The role involves implementing independent risk management routines, overseeing the firm's RIA program (including Form ADV maintenance), and managing firm and agent registration. You will prioritize activities toward high-risk areas, perform periodic risk assessments, and facilitate audits and exams. A key part of your day-to-day will involve partnering with business units to remediate findings from internal and external examinations and establishing topic-specific compliance training for officers and employees.
City National Bank accepts applications on an ongoing basis until the position is filled. Candidates must meet the required qualifications to be considered. For specific details on the interview stages, please refer to the application portal or contact the recruitment team.
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status, or other basis protected by law.
Note: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
Work model: On-site
909 Third Avenue, 909, 3rd Avenue, Turtle Bay, Manhattan Community Board 6, Manhattan, New York County, New York, 10022, United States
New York, New York
FINRA Series 7: General Securities Rep
Skills: Microsoft Office, Word, Excel, Power Point, CRCM, Series 7, Investment Advisers Act Of 1940, Investment Company Act Of 1940, Securities Act Of 1933, Securities Exchange Act Of 1934.
Education: Bachelor's Degree or equivalent.
