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Senior Director, Internal Audit and Risk Management

2 months ago


Toronto, Ontario, Canada Royal Bank of Canada Full time
About the Role

We are seeking a highly experienced and skilled Senior Director to lead our Internal Audit and Risk Management team. As a key member of our organization, you will be responsible for providing strategic leadership and guidance on model risk management practices, ensuring the adequacy and effectiveness of our risk management processes.

Key Responsibilities
  • Lead the development and execution of the Internal Audit strategy and coverage of Model Risk processes and controls.
  • Ensure assurance activities, including risk assessments, annual planning, audits, and continuous risk monitoring, are executed effectively and in compliance with internal audit methodology and expectations.
  • Provide leadership, professional guidance, and development opportunities to a talented team of Internal Audit Directors and Senior Managers.
  • Collaborate with regional and business audit teams to ensure holistic coverage of model risks across the first and second lines of defense.
  • Develop and deepen relationships with key internal stakeholders through ongoing communication on assurance activities and related emerging risks and controls.
  • Make recommendations to Executives that will have a significant impact on the enterprise.
  • Drive thought leadership on model risk management and controls and related top and emerging risks through regular interaction with internal stakeholders, industry associations, and peer organizations.
Requirements
  • Leadership, people management, relationship building, and client experience.
  • Business experience in a financial institution dealing with multiple business platforms, business processes, as evidenced by years of relevant experience.
  • Model Risk Management experience.
  • Audit experience (strategic planning through reporting) in a senior leadership role.
  • Experience dealing with regulators – OSFI and/or key global regulators.
  • Knowledge of stress testing and market/counterparty credit risk capital regulations.
What We Offer
  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation.
  • Leaders who support your development through coaching and managing opportunities.
  • Work in a dynamic, collaborative, progressive, and high-performing team.
  • Opportunities to do challenging work.
  • Flexible work/life balance options.
Job Skills
  • Adaptability.
  • Auditing.
  • Detail-Oriented.
  • Internal Controls.
  • Interpersonal Relationship Management.
  • Long Term Planning.
  • Multi-Level Communication.
  • Organizational Savvy and Politics.
  • Results-Oriented.