Associate Director, Bcrm Monitoring and Reporting

1 week ago


Toronto, Ontario, Canada Royal Bank of Canada Full time

Job Summary


The Associate Director, BCRM Monitoring and Reporting will support key elements of the BCRM Program to develop and execute a robust Monitoring, Reporting and Objective Assessment Program, to ensure policy and standard requirements are adhered by the Enterprise.

This role will execute effective oversight and challenge over the business/First Line of Defence (1LOD) and also help support the development of the Operational Risk Profile, by platform, by region, or by legal entity.


The role will be instrumental in ensuring program effectiveness by providing education, collaborating across teams and promoting business continuity awareness across the organization to ensure overall organizational resiliency.


What is the opportunity?


The Associate Director, BCRM Monitoring and Reporting will support key elements of the BCRM Program to develop and execute a robust Monitoring, Reporting and Objective Assessment Program, to ensure policy and standard requirements are adhered by the Enterprise.

This role will execute effective oversight and challenge over the business/First Line of Defence (1LOD) and also help support the development of the Operational Risk Profile, by platform, by region, or by legal entity.


The role will be instrumental in ensuring program effectiveness by providing education, collaborating across teams and promoting business continuity awareness across the organization to ensure overall organizational resiliency.


What will you do?

Act as a leader in Business Continuity Management

  • Support the BCRM strategy, culture and activities that enable the team to operate as an integrated organization
  • Support a strong culture of risk and integrity through effective challenge and deep partnership with first line to promote transparency of risks and matters requiring escalation
  • Support a culture of integrity and behaviours that align to RBC's Code of Conduct and professional standards
  • Work collaboratively across teams, contributing to an engaged workforce who are effective, knowledgeable and adaptable
  • Foster an environment of continuous personal growth

Provide BCRM Advice and monitor & report on key and emerging risks

  • Develop and share quarterly risk profile communications with the GRM/BCRM community
  • Support Director in independent, thematic reviews and emerging risk assessments to increase awareness of risk exposures
  • Consistently demonstrate behaviours that foster a sound and sustainable risk culture and environment across the organization including strong awareness of BCRM practices
  • Support in the development and execution of objective assessment activities with the strategic imperative of alignment to operational resilience and providing the business/1LOD with effective challenge and recommendations for continuous improvement to ensure business continuity risk is mitigated
  • Conduct and analyze the design and operating effectiveness of our BCRM internal control environment in order to contribute and provide insights of our Operational Risk Profile
  • Continuous monitoring with each LOB through RBA (risk based approach)
  • Develop / leverage risk dashboards and metrics to identify trends, and provide insights that contribute to an accurate profile of operational risk
  • Contribute and provide risk based data for monthly and quarterly reporting, including identifying top BCRM risks, trends/themes and emerging risks
  • Conduct risk assessments and provide advice on the risk profile of change initiatives across the organization for business continuity risk (e.g. IRPs) as required

Directly support the implementation of RBC's Business Continuity Management Monitoring & Objective Assessment program and practices

  • Provide recommendations on policies, processes and tools for business continuity management
  • Support in the development and execution of objective assessment activities with the strategic imperative of alignment to operational resilience and providing the business/1LOD with effective challenge and recommendations for continuous improvement to ensure business continuity risk is mitigated
, including the oversight of 1LOD issue remediation.

  • Participate in various forums, working groups, and committees as well as monitor the internal and external environment to keep abreast of organizational, regulatory, strategic, and operational changes and environmental trends impacting business continuity management practices
  • Investigate large loss events/incidents related to BCRM/business disruption to assess potential systemic weaknesses and ensure appropriate corrective action
  • Partner with 1st line of defense on the execution and effectiveness of BCRM program (independent reviews, deep dive reviews, risk assessments and coordination of scenario analysis) to gain assurance on current and emerging issues
  • Review and assess output from BCRM monitoring program to support accurate view of the Operational Risk Profile
  • Complete IRPs and RTAs for BCRM
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