Associate Director - Risk & Controls Group

Job Description

hat is the opportunity? GRM Risk & Controls Group is accountable for leading the control management & control evaluation (design and operating effectiveness) center of expertise for select stakeholders across RBC and its US material legal entities, with a particular focus on GRM and Corporate Functions owned controls.

The team consists of staff in the US, Canada, and Malaysia. The Associate Director (AD) will be responsible for the strategic direction & execution of the RCG’s control evaluation program, and will act as a subject matter expert to advise stakeholders on the establishment of an effective control environment.

The role will act as a key relationship manager between the control evaluation execution team in Malaysia and control evaluation stakeholders within US and Canada.

The role will partner with Operational Risk colleagues to incorporate control evaluation activities into the broader Operational Risk management program. What will you do?

Perform and oversee control evaluation activities that evaluate the design and operating effectiveness of key controls.

Develop robust and scalable testing modules, scripts, and other guides including testing approach and scoping / sampling for evaluating the effectiveness of Key Controls to mitigate key risk exposures related to regulatory requirements and RBC risk policies and standards.

Create and memorialize detailed control testing documentation and review commentary.

Analyze, aggregate, and articulate the results / issues / recommendations related to control evaluation activities, including presenting at governance and management committees as required.

Mentorship and ongoing coaching of Malaysia-based control evaluation resources.

Participate in the efforts to define, implement and continuously improve the operating model for control evaluation activities for RCG which meets US regulatory expectations and Enterprise standards.

Act as a key contact and maintain relationships with control evaluation stakeholders, including but not limited to, US Group Risk Management, US Finance, Internal Audit, and US Lines of Business.

Provide internal controls training and development activities, including Bank-wide and targeted training to support continuous improvements of the control evaluation program, and to elevate controls management capabilities.

Must-have :

5+ years of experience in controls evaluation, operational risk management, internal audit, quality control roles, or other complimentary capacities, preferably within the financial services industry, a public accounting firm, or with a financial institutions regulator.

Strong relationship management experience, ability to build influence with senior internal stakeholders.

Professionalism and solutions orientation required to liaise directly with Senior Management.

Previous experience working in highly regulated business environments in the financial services sector.

Understanding of US Regulatory environment. Knowledge of financial services products, fundamentals of US Regulatory Reporting and CCAR.

University degree, or equivalent, ideally with a financial designation or relevant professional qualification.

Nice-to-have :

A CA, FRM or CPA designation, in addition to an undergraduate degree is an asset.

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, commissions, and stock where applicable

Leaders who support your development through coaching and managing opportunities

Ability to make a difference and lasting impact

Work in a dynamic, collaborative, progressive, and high-performing team

Opportunities to do challenging work

Opportunities to build close relationships with clients

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that : · Drives RBC’s high performance culture· Enables collective achievement of our strategic goals· Generates sustainable shareholder returns and above market shareholder value Job Skills Business Performance Management, Investment Economics, Investment Risk, Investment Risk Management, Market Risk, Performance Management (PM), Risk Control, Risk Management, Standard Operating Procedure (SOP) Additional Job Details

Address :

20 KING ST W : TORONTO

City : TORONTO

TORONTO

Country : Canada

Canada

Work hours / week : 37.5

37.5

Employment Type : Full time

Full time

Platform :

GROUP RISK MANAGEMENT

Job Type : Regular

Regular

Pay Type : Salaried

Salaried

Posted Date : 2024-05-30

2024-05-30

Application Deadline :

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.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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