Director, Regulatory and Government Affairs – US
What is the opportunity?
Work with and at direction of Head of RGA USA to build strong regulatory and legislative affairs function in Washington, DC. Key objectives include: (1) Develop US legislative and regulatory objectives and develop strategies to execute those objectives, consistent with RBC’s overall strategic objectives, risk appetite, and strong culture of compliance, ethics, and integrity; (2) Understand and interpret regulatory, legislative and other policy actions of US and related jurisdictions, and analyze those actions for their impact on RBC; (3) Maintain and build strong relationships with senior US government officials to maximize appropriate participation by RBC in the policymaking process, including by serving as a credible source of market information and analysis; (4) Work with RBC business leaders to develop and advance legislative and regulatory objectives and enhance RBC’s role as a credible source of market information and analysis; and (5) Help to build infrastructure for political awareness and participation, particularly through appropriate political, sponsorship, and charitable activities.
What will you do?
- Analyze, interpret and report on financial sector developments and policy initiatives; work cooperatively to develop RBC proposals and positions and prepare submissions to carry forward approved RBC positions.
- Work on cross-functional project teams to evaluate and provide insight on US and related financial sector policy developments and trends, including assessing potential impacts on RBC businesses.
- Support, assist, and lead, where appropriate, in the implementation of processes to define, communicate, and advocate for RBC public policy priorities, including direct oral advocacy and development of hearing testimony, comment letters, draft legislation, and other written materials.
- Support senior executives through briefings, analysis and recommendations in respect of RBC interactions with government officials and other stakeholders. Organize meetings, briefings, and other interactions with government officials, both in Washington, D.C. and at RBC offices, on subjects including financial services and other public policy matters. Make recommendations regarding appropriate activities of RBC USA Holdco Political Action Committee, including contribution recipients, contribution amounts, and PAC sponsorship of meetings and other events for appropriate RBC executives.
- Establish and maintain relationships with elected and non-elected government officials, financial sector policy makers, key industry opinion leaders and other stakeholders to articulate and advance RBC’s views and enhance RBC’s reputation as a credible voice on public policy issues.
- Work with representatives from business and/or functional units as well as with external sources as needed to analyze and assess implications of legislative and regulatory policies, and to develop appropriate responses.
- Represent RBC’s interests in industry consultations and trade association processes and at conferences and seminars on financial sector issues.
- Play key role in the development of unified and consistent positions on public policy priorities. Support business leaders in serving client needs and interests, including with respect to information, analysis, and advocacy of public policy positions that are also supported by RBC.
- Advance RBC’s U.S. political engagement, including through building support for RBC’s Political Action Committee (“PAC”).
What do you need to succeed?
- Post-graduate degree
- Eight or more years of relevant experience in federal financial services public policy arena.
- Prior experience in U.S. Congress and/or U.S. federal financial regulatory agency a plus. Some political experience (campaign volunteer, PAC administration) helpful but not necessary.
Nice To Have
- Strong analytical skills in interpreting the business implications of legislation and regulations, with a thorough understanding of regulatory, legislative, and political processes and of how to develop and implement strategies to advance public policy objectives.
- Strong written communication skills, including the ability to make clear and persuasive submissions to government and senior officials.
- Demonstrated verbal communication skills, including the ability to communicate effectively with senior executives.
- Ability to work with minimal direction, particularly in areas of specialization.
- Ability to operate under pressure and within tight time-frames, within a flexible environment.
- Innovativeness and ability to multi-task, in order to simultaneously manage diverse subjects and tasks.
- Experience operating in a complex, matrixed management environment.
- Ability to understand and interpret across a broad range of complex issues.
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
- 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
Job posted: 2021-11-07