Associate Director, Regulatory Capital Compliance

Job Summary

The Associate Director in the Enterprise Risk, Regulatory Capital Governance & Oversight team is a key role in the efficient management and coordination of RBC’s annual Self-Assessment Process (SAP).   The position adds value by providing subject matter expertise on OSFI’s Capital Adequacy Requirements (CAR) and other jurisdictions deemed in scope in the area of regulatory capital and reporting, monitoring the scope of such applicable requirements across RBC and providing review and effective challenge in coordinating the compliance assessment reviews.

Job Description

What is the opportunity?

The Associate Director in the Enterprise Risk, Regulatory Capital Governance & Oversight team is a key role in the efficient management and coordination of RBC’s annual Self-Assessment Process (SAP).   The position adds value by providing subject matter expertise on OSFI’s Capital Adequacy Requirements (CAR) and other jurisdictions deemed in scope in the area of regulatory capital and reporting, monitoring the scope of such applicable requirements across RBC and providing review and effective challenge in coordinating the compliance assessment reviews.

The Associate Director will also contribute to the effective challenge of self-assessments conducted for new model applications or modifications.  This role is, therefore, critical to providing RBC with significant financial benefits through the ability to achieve regulatory approval on new models.  The incumbent will also participate in a number of projects designed to enhance RBC’s program supporting regulatory capital model compliance.  Activities include managing schedule, scope, requirements, and sometimes high levels of complexity with multiple and competing demands and priorities.

Moreover, the Associate Director may also participate in the coordination and compilation of information from various RBC teams, preparation of (both periodic and ad-hoc) reports, and drafting of communications for regulator(s),

What will you do?

• Assist the planning, setup, and execution of the Bank’s OSFI Self-Assessment Process (SAP) across selected risk types (Credit, Market and / or Counterparty Credit Risk).
• Manage relationships with 1st & 2nd line partners; help business colleagues and partners understand the OSFI Capital Adequacy Requirements (CAR) and expectations regarding the SAP process.
• Develop, maintain, and enhance the Enterprise Policy on Self-Assessment Processes and Procedures for Maintaining the Self-Assessment Process.
• Prepare or assist in the development of presentations and other material for senior management and regulators.
• Effectively manage the SAP Tool to support adherence with OSFI’s Capital Adequacy Requirements and other regulatory requirements applicable and make recommendations to improve and automate processes.
• Work with stakeholders to increase the adoption rate on the SAP Tool by providing change management support including facilitation of training sessions
• Act as the central point of contact for interactions on Operational Risk team and completing BAU activities required in support of ICMP (e.g. reviewing, updating risk controls, completing annual risk control testing, etc.)
• Consistently seeks opportunities to simplify processes.

What do you need to succeed?

Must Have

Nice to Have

What is in it for you?

We thrive on the challenge to be our best, progressive thinking, to keep growing, and working together to build and deliver trusted reporting to help our stakeholders succeed 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

Ability to make a difference and lasting impact

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

Opportunities to take on progressively greater accountabilities

Job Skills

Credit Analysis, Fraud Risk Management, Investment Economics, Investment Management Systems, Investment Risk, Investment Risk Management, Long Term Planning, Market Risk, Operational Risks, Quantitative Methods, Risk Control, Risk Management, Waterfall Project Management

Additional Job Details

Address :

ROYAL BANK PLAZA, 200 BAY ST : 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 : 2024-11-22

Application Deadline :

2024-12-08

Note : Applications will be accepted until 11 : 59 PM on the day prior to the application deadline date above

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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