Associate Director, Operational Risk Practices

**Job Summary**

The Associate Director, Operational Risk Practices supports the execution and establishment of assigned methodologies for universal operational risk practices and tools, such as: Issue Management, Internal Operational Risk Events (OREs), and other operational risk practices.

**What is the opportunity?**

The Associate Director, Operational Risk Practices supports the execution and establishment of assigned methodologies for universal operational risk practices and tools, such as: Issue Management, Internal Operational Risk Events (OREs), and other operational risk practices.

**What will you do?**
- Support the implementation of RBC’s Operational Risk Management (ORM) strategy, objectives for operational risk management practices across RBC and maintenance and enhancement of the ORM Framework with a specific focus on Issue Management.
- Responsible for monitoring adherence to policies, standards, procedures and frameworks related to Issue Management, while ensuring alignment to regulatory guidance and industry best practices
- Support the Three Lines of Defense Model for Operational Risk Management across RBC; drive a growth mindset to embed Operational Risk across the enterprise
- Contribute to the design and implementation of governance standards and processes supporting the Three Lines of Defense model
- Exercise appropriate policy adherence for assigned ORM Practices in alignment with enterprise level requirements as a Second Line of Defense
- Support the Reporting & Analytics team in producing reporting that conveys complete, accurate, timely and actionable information regarding RBC’s operational risk profile
- Build relationships with stakeholders, ensuring that employees understand ORM’s strategy and vision, and support and reinforce targeted behaviors that contribute to RBC’s goals
- Promote a strong culture of control awareness and risk mitigation across RBC

**What do you need to succeed?**

**Must-have**:

- BA or equivalent with a focus in business, accounting, finance or related field, professional designation associated with risk management is preferred
- 5+ years of experience in financial services industry, with at least three years in an operational risk management, internal audit, or compliance role. Strong knowledge of current operational risk practices
- Experience working in a matrixed environment, and ability to coordinate with a large group of stakeholders
- Good impact and influence skills
- Strong problem solving, analytical (including qualitative analysis), research, and quantitative skills
- Ability to assimilate and interpret information covering a wide range of differing business areas and regulatory dimensions

**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 and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Flexible work/life balance options
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work

**Job Skills**

Communication, Financial Instruments, Fraud Risk Management, Long Term Planning, Operational Risks, Policy Management, Risk Control, Risk Management

**Additional Job Details**

**Address**:
20 KING ST W:TORONTO

**City**:
TORONTO

**Country**:
Canada

**Work hours/week**:
37.5

**Employment Type**:
Full time

**Platform**:
GROUP RISK MANAGEMENT

**Job Type**:
Regular

**Pay Type**:
Salaried

**Posted Date**:
2024-11-29

**Application Deadline**:
2024-12-14

**I**nclusion** and Equal Opportunity Employment**

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

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