Director - Risk Identification and Ccar

7 months ago


Toronto, Canada Royal Bank of Canada Full time

**Job Summary**

Directs the identification and measurement of organizational, physical and financial risk; implements programs and business processes to minimize risk. Manages activities through senior managers and managers and implements corporate and divisional strategic plans and budgets.
- Job Description

**What is the Opportunity?**:
**This role resides within the Risk Identification & CCAR group under the Group Risk Management - U.S. Enterprise Risk department.**:

- ** Subject Matter Expert on the execution of CUSO Risk ID program.**:

- ** Drive change through both a bottoms‐up and top-down approach to improving both the identification, quantification, and measurement of risks across the US Enterprise Risk platform.**:

- ** Provide support and input to the CCAR internal scenario design, emerging risks, resolution planning and other CCAR related matters as needed.**:

- ** Day to day management of team, mentorship of junior members across the GRM platform.**:
**What will you do?**:
**Risk Identification**:

- ** Responsible for the end-to-end execution of the Risk ID process**:

- ** Lead discussions during Risk ID meetings and ensure proper execution of the Risk Identification process from both a First Line of Defense and Second Line of Defense perspective**:

- ** Provide review and challenge of inputs from the First Line of Defense and Second Line of Defense**:

- ** Presentation of outputs to the U.S. Risk Management Committee and the U.S. Risk Committee of the Board**:

- ** Work with the Scenario Design team to ensure material and emerging risks are properly integrated into the internally created U.S. scenarios**:

- ** Evolve the Risk ID program to meet the future needs of the Bank**:

- ** Ensure policies and procedures are up to date**:
**Team Management**:

- ** Responsible for managing staff and prioritizing deliverables across the department**:

- ** Create development plans for staff to broaden their knowledge base across processes, risk disciplines and regulatory requirements**:
**Other Responsibilities**:

- ** As priorities shift within the department, ad-hoc assignments will inevitably occur and resources are expected to be allocated as needed**:
**What do you need to succeed?**:

- ** Bachelor’s Degree (in Accounting, Economics, Finance, or other Business related field)**:

- ** Minimum 10 years work experience in relevant or complimentary capacities**:

- ** Strong risk management background, with extensive experience working directly in risk management departments**:

- ** Strong knowledge of CCAR and stress testing requirements as well as regulations related to capital planning and risk management**:

- ** Strong communication skills, both written and verbal**:

- ** Extensive knowledge of financial services products (commercial loans, CRE, residential mortgages, securities, repo/reverse repo, etc.)**:

- ** Strong understanding of business strategies in the lending and capital markets space**:

- ** Inquisitive and proactive in identifying risks, proposing solutions and/or exercising sound and balanced judgement**:

- ** Outstanding ability to analyze problems and strong attention to detail**:

- ** Team player; ability to successfully partner with colleagues across departments and/or divisions**:

- ** Ability to effectively communicate to stakeholders of varying levels, including under contentious circumstances**:

- ** Ability to prioritize in a fast moving, high pressure, constantly changing environment**:

- ** Strong Excel and PowerPoint skills required**:

- ** Ability to be flexible and follow tight deadlines**:

- ** High level of professionalism, self-motivation, and sense of urgency**:
**Suggested Qualifications**:

- ** Compliance, Audit, Control and/or Regulatory experience a plus**:

- ** Previous Consulting experience a plus**:
**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**:

- ** Opportunities to do challenging work**:

- ** Opportunities to building close relationships with clients**:
**RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that**:

- ** Drives RBC’s high performance culture**:

- ** Enables collective achievement of our strategic goals**:

- ** Gen


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