Manager, Business Risk Initiatives

3 weeks ago


Toronto, Canada RBC - Royal Bank Full time

Job Summary

Job Description

What is the opportunity?

As the Manager, Business Risk Initiatives, you will support Wealth Management (WM) Operational Risk and Shared Services (OR&SS) in helping to lead segment-wide initiatives to promote best risk practices across WM. In this role you will assist in the design and execution of Business Risk initiatives by engaging with stakeholders across RBC including WM, other RBC segments, Group Risk Management, and other Centres of Governance.

What will you do?

Support the Senior Manager, Business Risk Initiatives. This includes:

  • Lead segment-level Business Risk initiatives to promote best risk practices across WM, researching, analyzing, and performing work efforts, including reporting to senior management
  • Assist the Senior Manager in building a Business Risk Initiatives program and team to support Wealth Management Operational Risk leadership, including providing expertise, advice and counsel to management and WM colleagues, enhancing WM ability to anticipate and manage business risks effectively
  • Perform management-requested analysis, reviews, and reporting for senior management within WM leveraging strategic decision making
  • Report on Risk Appetite for Wealth Management and all six lines of business and legal entity reporting to the WM&I Operating Committee
  • Support the annual refresh of WM Risk Appetite, measures and thresholds
  • Support the implementation of a robotic process automation (RPA) governance framework across WM
  • Drive the implementation of the WM's RPA risk assessment process, and support de-risking of the segment's RPA program
  • Manage critical team archives and reference material - minutes, operating procedures, guidance documents, and supporting evidence for Operational Risk programs
  • Understand WM's Operational Risk program and key drivers such as OREs, KRIs, RCM, ICMP, RCSAs, and issues management in order to drive change and promote best risk practices
  • Other projects, as assigned

What do you need to succeed?

Must Have

  • University Degree with over 5 years of financial industry experience in areas such as operational risk, audit, or compliance functions
  • Advanced knowledge and experience using Microsoft Excel, PowerPoint, and Tableau
  • Strong problem solving, analytical (including qualitative and quantitative analysis), and research skills
  • Ability to deal effectively with senior management and multiple stakeholders with strong communication skills, and the ability to present information clearly
  • Ability to work independently & efficiently under tight timelines

Nice to Have

  • Professional designation in Risk or Finance such as CPA, CFA, or MBA
  • Some knowledge of Wealth Management business and Operational Risk programs

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
  • Flexible work/life balance options
  • Opportunities to do challenging work
  • Opportunities to take on progressively greater accountabilities
  • Access to a variety of job opportunities across business and geographies

Job Skills

Analytical Thinking, Business Process Design, Decision Making, Financial Risk Management (FRM), Management Reporting, Operational Risk Assessment, Operational Risks, Risk Appetite, Risk Assessments, Risk Control, Risk Management, Teamwork

Additional Job Details

Address:

180 WELLINGTON ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Wealth Management

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-04-19

Application Deadline:

2024-05-03

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
​​​​​​​
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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