Supervisory Risk Manager

About the role

Serve as direct supervisor relative to all sales and trade-related activities for the complexes assigned. The SRM role is critical to the first line of defense and leading the firm’s efforts for successfully protecting the RBC WM brand and managing the risk inherent in the activities conducted by the Firm’s complex/branch employees and clients.

Responsibilities

• Review daily trade and periodic activity via the trade blotter and conduct necessary investigation and follow-up as warranted;
• Review and approve new accounts and account updates to client and account profiles;
• Perform account triage and in-depth analysis for monthly account reviews and work with field management to ensure client contact and action steps are completed, and corrective action is implemented as warranted;
• Assess risk in all areas of responsibility and escalate potential problems and concerns to the appropriate parties; monitor issue through resolution;
• Work with complex management on systemic weaknesses that pose risk to ensure corrective measures are implemented to improve behaviors;
• Work with corporate and field personnel to investigate and resolve potential sales practice issues;
• Maintain a high level of confidentiality in accordance with department, Firm and enterprise standards.

Requirements

• Must-have: 3-5 years of direct supervisory experience in a broker/dealer;
• Series 7, 63/65 or 66 and Series 8 or 9/10 or an equivalent combination;
• Excellent understanding of the stock market, investments and investment programs;
• Comprehensive and in-depth knowledge of investment products and strategies and their suitability for clients based on investment objectives, risk tolerance and financials;
• An understanding of the securities industry’s regulatory environment and related policies and procedures;
• Nice-to-have: Strong and proven verbal and written communications skills;
• Very strong inter-personal skills;
• Ability to balance the need for identifying and resolving difficult sales practice violations with maintaining a strong professional partnership with field employees – especially field leadership (ability to be tough but fair);
• Prowess and temperament to handle difficult people, situations and conflict.

Qualifications

Must-have: 3-5 years of direct supervisory experience in a broker/dealer; Series 7, 63/65 or 66 and Series 8 or 9/10 or an equivalent combination. Other licenses may be required.

Other qualifications: Excellent understanding of the stock market, investments and investment programs; Comprehensive and in-depth knowledge of investment products and strategies and their suitability for clients based on investment objectives, risk tolerance and financials; An understanding of the securities industry’s regulatory environment and related policies and procedures.

Nice-to-have: Strong and proven verbal and written communications skills; Very strong inter-personal skills; Ability to balance the need for identifying and resolving difficult sales practice violations with maintaining a strong professional partnership with field employees – especially field leadership (ability to be tough but fair); Proven ability and temperament to handle difficult people, situations and conflict.

Skills

• Audits
• Critical Thinking
• Data Gathering Analysis
• Decision Making
• Detail-Oriented
• Financial Regulation
• Industry Knowledge
• Interpersonal Relationship Management
• Risk Management
• Strategic Thinking

Benefits

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.
• Opportunities to do challenging work.
• Opportunities to build close relationships with clients.

Pay

The expected salary range for this particular position is $90,000-$160,000 (Minnesota), 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.

Schedule

Work hours/week: 40

Employment Type

Full time

Platform

WEALTH 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

Note

Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

RBC is presently inviting candidates to apply for this existing vacancy. Qualified applicants may be contacted to review their resume in more detail.

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