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Senior Manager, Enterprise Risk Governance

2 months ago


Toronto, Ontario, Canada Royal Bank of Canada> Full time

Job Summary

Job Description

What is the Opportunity?

The Senior Manager, Enterprise Risk Governance supports the Director, Enterprise Risk Governance who acts as the primary risk manager for their Lines of Business (LoB) and is responsible for building and maintaining a high level of capability relative to risk identification, assessment, mitigation, and monitoring across the LoB. The Senior Manager, Enterprise Risk Governance has a goal of creating a proactive risk identification and control mitigation ecosystem within the LoB by managing risk framework processes to ensure a comprehensive risk identification, assessment, mitigation, and monitoring across all risk types for the LoB in accordance with the Enterprise Risk Framework.

Key Responsibilities

  • Participates in Enterprise Risk Control Assessment process for the LoB, working with business representatives, ensuring that risk appetite constraints are supported by appropriate rationale factoring business growth objectives, external environment, industry practice, and aligned to metrics where required.
  • On an ongoing basis ensures that program and initiative owners appropriately assess impact on risk appetite, including discussion and identification of the need for modeling and other testing where required.
  • Documents and maintains a LoB controls inventory based on RBC policies, New SRO CIRO, OSFI, and Internal Audit findings. Conducts annual review of the control universe to ensure a quality control environment is maintained.
  • Works in partnership with BRMS control testing to onboard key control and develop testing practices and methodologies.
  • Monitors risk culture and capabilities within the LoB, identifies areas for skill development, and where required implements knowledge building and best practice sharing to build capability.
  • Assists firm audits, issue identification, and action plan management.
  • Supports and participates in line of business review of agreements and disclosures as required.

Core Essentials

  • Implements and monitors processes across the LoB to ensure business representatives and LoB SMT understand, prioritize, and manage timely and effective resolution of all known risk issues (self-identified, risk appetite breaches, Operational Risk Management assessment, regulatory, Compliance, Internal Audit, and Quality Assurance). Supports LoB SMT to ensure an appropriate balancing of potential risk impacts to business unit and PBI against LoB strategic imperatives.
  • Identifies opportunities for additional reporting (i.e., exception reporting) and key risk indicators (for the business unit as a whole and within individual business lines) across all risk types.
  • Provides guidance and coaching to participants in the CBRA process, where applicable:
    • Ensures appropriate risk identification and mitigation through robust risk discussions.
    • Ensures proper controls have been designed and in place for testing.
    • Ensures controls in CBRA RTA are aligned to internal controls universe.
  • From time to time may participate in RCSAs, RTAs, Heatmaps, and management action plans for regulatory and internal audit issues.
  • In conjunction with BRMS and 2nd line partners, ensures compliance to OSFI's E-13 guidelines.

Personal Banking Investments

  • Responsible for active participation with Business Risk Monitoring and Control Centre of Excellence, including:
    • Assessing incoming regulatory and OSFI review findings to determine which require CB/WM-level resolution.
    • Ensuring timely resolution of risk issues and events that cross lines of business.
    • Supports an effective and streamlined risk reporting hierarchy.

What You Need to Succeed

Must Have

  • Minimum 10-15 years' experience in financial services sector with 3-5 years experience in leadership.
  • Proven business acumen and credibility.
  • Strong influencing, collaboration, relationship building, and communication skills.
  • Strategic mindset, with significant knowledge and understanding of RBC businesses and organization.
  • Proven change management capabilities.
  • Excellent analytical and problem-solving skills, inquisitive nature, and comfort challenging current practices.
  • A commitment to streamlined and effective processes for maximum business efficiency while assuring appropriate governance.

Nice to Have

  • Strong investments/brokerage, Retail banking & or operational experience is a definite asset and preferred.
  • Solid working knowledge the financial services regulatory landscape, ideally with several years experience in Risk Management, Compliance or Internal Audit.

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.

  • Ability to make a difference and lasting impact.
  • Work in a dynamic, collaborative, progressive, and high-performing team.
  • Opportunities to do challenging work.

Job Skills

Business Performance Management, Investment Banking Analysis, Investment Economics, Investment Management Systems, Investment Performance Measurement, Investment Risk, Investment Risk Management, Market Risk, Operational Risks, Performance Management (PM), Quality Management, Risk Management, Standard Operating Procedure (SOP)