Manager, Business Risk for Rbc Wealth Management

**Job Summary**

**What is the opportunity?**

Reporting to the Director of Business Risk for RBC Wealth Management and being embedded in WM’s 1st line of defense, the Manager Business Risk is a trusted Business Risk adviser to Senior Leaders in WM in general and the WM Strategy, Products & Digital Investing (SP&DI) team in particular.

The Manager will support the Director and the Senior Manager of the team to develop, implement, and sustain RBC’s Operational Risk Framework in this newly created Business Risk team, ensuring alignment with the Enterprise ORM strategy for the management of Operational Risk (ORM). You will guide Business Risk management leadership within SP&DI including providing execution capabilities in performing ORM program work, enhancing their ability to anticipate and manage business risk effectively. The WM units specifically supported are Direct Investing, InvestEase, WM Technology, Global Credit and Cash Management, WM Operational Data and Information, WM Investments and WM Strategy.

Be part of a dynamic team of qualified and experienced Operational Risk professionals and practitioners and be responsible for executing on all aspects of RBC’s Operational Risk practice for the businesses outlined above. Support in data gathering, monitoring and reporting of Risk Appetite processes for RBC Wealth Management globally, including the annual refresh exercises.

**What will you do?**

Support the Director and Senior Manager of the WM Business Risk team (supporting SP&DI) to:

- Implement, and comply with the Operational Risk Framework in WM Strategy, Products & Digital Investing (SP&DI) team. Support planning, developing, and executing on all aspects of the Operational Risk practice for the businesses outlined above - OREs, Risk Appetite, KRIs, Issues management, IRPs/RTAs, ICMP, RCM, Reporting etc..
- Support the 1st line execution of the RCM program in coordination with the businesses & Compliance. Establish and implement appropriate oversight to ensure that RCM policies are being adhered to and exceptions are escalated to the Director.
- Support the enhancements to RBC’s Internal Control Management Policy in SP&DI. Act as delegate to support control assessments and annual attestations to assist lines of businesses in meeting their ongoing Internal Controls Management Policy (ICMP) and Regulatory Compliance Management (RCM) and obligations.
- Support innovation in control design and control testing methods, working with control owners to leverage automation and data to modernize controls testing. Manage the rolling 12-month plan to ensure annual assessments are performed on time.
- Support the enhancements to RBC’s Risk and Control Self-Assessment program in SP&DI including the establishment of Risk Register, Risk statements and aggregation of digitized RCSA.
- Support in the development, tracking and reporting of Risk Appetite for WM BUs globally.
- Support in the development, tracking and reporting of Key Risk Indicator (KRI) for all BU/FUs within SP&DI.
- Support in complying with RBC’s Issues Management framework (EIM policy) and Project engagement.
- Provide feedback on the Operational Risk impact of major change initiatives, process improvements, and transformational projects. (CIRA policy).
- Support in performance of Root Cause analysis of major events, Product risk reviews and IRPs
- Support the preparation of dashboard and reports for the Director to attend WM SP&DI Operating Committees and other Governance forums.

**What do you need to succeed?**

**Must-have**
- 3 -4 years of combined knowledge, skill, and background in Brokerage, Banking, Operational Risk, Audit or Compliance functions.
- University Degree and recognized Industry Qualifications - Securities / Options / Futures/Investment Management or equivalent courses.
- Strong problem solving, analytical (including qualitative and quantitative analysis) and research skills are essential as well as advanced desktop skills (e.g. excellent knowledge of Microsoft Office, Tableau, PowerPoint).
- Ability to deal effectively with senior management and multiple stakeholders.
- Strong communication and writing skills with the ability to present information effectively.
- Consulting mindset with focus on making strategically aligned business recommendations.

**Nice-to-have**
- Professional designation such as an MBA, CPA, CFA.
- Knowledge of brokerage and banking products, processes, and organization.
- knowledge of Direct Investing businesses and related front-office and back-office activities.
- Experience in securities operations and Canadian investment dealers, trading.
- Some familiarity with Canadian Investment Regulatory Organization (CIRO) rules and requirements

**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