Manager, Commercial Credit Risk

**Job Summary**

Internal Audit (IA), also known as the Chief Audit Executive Group (CAE), a division within RBC, has a mandate to provide independent, objective risk assessment and evaluation of the adequacy and effectiveness of risk management practices, internal controls, and governance processes for all areas of RBC.

**What is your opportunity?**

In addition to Commercial Credit, you will gain valuable exposure to a broad spectrum of credit risk disciplines, including Wealth Management Credit Risk, Credit Risk Review, and Wholesale Credit Risk, and Retail Credit Risk offering a unique opportunity to deepen expertise and broaden career horizons across the credit risk landscape.

**What will you do?**
- Contribute to execution of audits in the annual plan, and formally document tasks performed with supporting evidence during execution of audits, in accordance with Internal Audit methodology and guidelines.
- Assess effectiveness of internal controls, risk management practices and governance processes in order to draw conclusions to complete the audit programs.
- Develop and draft Detailed Issues Memo and recommendations relating to audit program conclusions, to the Senior Manager leading the audit.
- Identify key risks and potential business impacts.
- Work with the Data Analytics Lead or Data Scientist to identify opportunities for incorporating advanced analytics in audit projects
- Respond to stakeholder needs quickly and effectively.
- Build trusting relationships with Internal Audit peers and business partners.
- Ability to work in a dynamically changing environment.

**What do you need to succeed?**

**Must-have**
- 3+ years’ relevant industry experience, specifically in a financial institution, preferably in Internal Audit, Risk Management or compliance function
- Strong foundation in credit risk management gained through a combination of educational and / or professional work experience
- Undergraduate degree within accounting, finance, business administration or any other relevant discipline
- Good understanding of business processes and associated risk and control concepts for wholesale credit products and services
- Good understanding of risk and control concepts, with ability to evaluate materiality and significance of deviations, as well as strength of management practices.
- Strong written and verbal communication, presentation, and technical writing skills, coupled with a strong interest in further developing and integrating audits with technology.
- Strong analytical, problem solving, time management and organizational skills.

**Nice to have**
- Working towards or existing holder of a professional accounting, finance or audit designation (ex. CPA,, CFA, CIA, FRM) or other industry-relevant certifications
- Former knowledge and/or experience within Commercial Banking or Group Risk Management, Credit Risk.
- Knowledge of credit risk regulations across multiple regions, including Canada, United States, Europe, United Kingdom, and the Asia-Pacific (APAC)

**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, 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

**Job Skills**

**Additional Job Details**

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

**City**:
TORONTO

**Country**:
Canada

**Work hours/week**:
37.5

**Employment Type**:
Full time

**Platform**:
INTERNAL AUDIT

**Job Type**:
Regular

**Pay Type**:
Salaried

**Posted Date**:
2025-05-16

**Application Deadline**:
2025-05-31

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

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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