Associate Director, Operational Risk Management

4 weeks ago


Toronto, Ontario, Canada Royal Bank of Canada Full time
Job Summary

The primary objective of this Associate Director role is to ensure the effective implementation of Enterprise operational risk programs for Scenario Analysis, External Events, and related programs such as Change Risk Assessments, Operational Resilience, and other operational risk initiatives as needed. This includes Thematic Reviews to ensure programs align with regulatory requirements like OSFI E-21.

This role reports to the Director, Risk Practice Management Strategy, providing operational risk support in facilitating the development, maintenance, and monitoring of the operational risk framework and sound risk management practices across all RBC business platforms and corporate functions. Additionally, this role coordinates regional requirements and aligns with the Enterprise. It also works with the wider Operational Risk Practice Strategy team to support the building out and running of respective practices.

Key Responsibilities
  • Support Scenario Analysis, External Events, and related programs such as Change Risk Assessments and Operational Resilience practice goals, objectives, and deliverables for the team based on ORM and Stakeholder priorities.
  • Ensure practice deliverables are met with timeliness and accuracy (e.g., reporting, testing, etc.).
  • Adopt strategic directions of the practices and implement with stakeholders, policies/standards, and in tooling and processes.
  • Enable continual improvement of practices, in consultation with and alignment to Risk Practice strategy, including actively seeking to simplify requirements where appropriate to enable consistent practices.
  • Develop and evolve the practices to support enterprise risk management.
  • Provide expert advice on operational risk, leveraging insights from operational risk reporting and analytics, independent reviews, and industry perspective to ensure RBC's operational risk practices maintain a forward-looking view that considers both managed and emerging risks.
  • Monitor compliance to policy and communicate exceptions to Advisory & Oversight (A&O) for liaison with 1st LOD and other impacted parties.
  • Actively support business partners in all lines of defense such as business operational leads, the A&O, and Centre of Governance.
  • Ensure stakeholders are enabled with appropriate operational risk tools and resources to react proactively regarding the risk practices.
  • Prioritize and facilitate responses to queries and ad hoc requests coming from internal and external stakeholders.
  • Support other areas of the team as required.
Requirements
  • 5+ years of experience in risk management with deep knowledge of banking regulatory requirements and best practices related to global risk management practices.
  • Experience working in a matrixed environment, managing a diverse group of executive stakeholders.
  • Highly proficient in stakeholder management, change management, strategy development, people management.
  • Strong ability to influence, interpret feedback, motivate, and effect change.
  • Expert in risk management methodologies.
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 while minimizing losses to RBC.

  • Leaders who support your development through coaching and managing opportunities.
  • Ability to make a difference and lasting impact.
  • Flexible work/life balance options.
  • The location of this role will have not been determined, however the successful candidate will be required to work from an RBC office a minimum of 3 days/week.
  • Work in a dynamic, collaborative, progressive, and high-performing team.
  • Opportunities to do challenging work.


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