Director, Risk & Control Self Assessment

Job title:

Director, Risk & Control Self Assessment

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the opportunity?As a Director within the Operational Risk, Controls & Governance (ORC&G) team, the incumbent will lead a team responsible for facilitating the Risk and Control Self Assessment (RCSA) process with Business Management, ensuring adequate visibility (and remediation where necessary) of risks and controls across Capital Markets’ businesses, regions and legal entities. The incumbent will build senior business and functional relationships, ensure business risk and control inventories are up to date and accurately represent current state risk profile (vs. appetite) and work with other operational risk stakeholders as necessary in the assessment of residual risk.What will you do?

• Implementation of the new RBC-wide Risk Registers and digitized RCSA. This includes working with businesses to build and maintain up-to-date risk registers, control inventories, ensure of risk and control mappings are accurate, and reassess inherent and/or residual risk upon specific triggers, or as required
• Ensure RCSA process overall adheres to internal requirements, industry best standards/practice, while also ensuring it meets business needs as a mechanism to identify, assess and mitigate non-financial risk.
• Work with other internal stakeholders in an effort to centralize and standardize the RCSA process across Capital Markets
• Maintain close working relationships with senior management, desk heads, business management and functional units, ensuring the RCSA facilitators maintain adequate awareness of the businesses they support.
• Work with ORE, Governance & Reporting and Control Testing leads to ensure free flow of information between all parties, ensuring risk registers are dynamically updated as events occur or issues are raised.
• Proactively identify operational risk/control deficiencies in the business and assist in developing solutions. Ensure information flow to related ORE and Control Testing teams.
• Manage components of the Regulatory Compliance Management (RCM) assessment process, with an aim to enhance the existing process.
• Provide training, guidance and direction to junior team members and new joiners as required
• As the senior representative supporting the RCSA process, liaise with auditors and regulators as required
• Responsibilities associated with Operational Risk Events, Change Management/Project or other Risk Assessments, and other Governance/Reporting activities as required

What you need to succeed?10+ years of relevant experience along with experience managing teams. Strong analytical skill and experience using business analysis and database querying tools * Strong presentation, communication (verbal and written), and interpersonal skills

• Good knowledge of operational risk management industry best practices for Capital Markets products
• Good knowledge of trading, lending and investment banking businesses with particular emphasis on the control environment as it relates to Front Office, Operations, financial and management reporting, and market/credit risk and compliance monitoring
• Ability to handle multiple tasks/priorities
• General IT awareness
• Ability to work independently and without immediate supervision
• Previous FO, functions and/or Audit or Risk Management experience 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
• 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
• Flexible work/life balance options

Job Skills Decision Making, Financial Risk Management (FRM), Information Security Management, Operational Delivery, Risk Management, Security Management, Strategic ThinkingAdditional Job DetailsAddress: ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: CAPITAL MARKETSJob Type: RegularPay Type: SalariedPosted Date: 2024-10-31Application Deadline: 2024-11-17Inclusion and Equal Opportunity EmploymentAt 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.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Expected salary

Location

Toronto, ON

Job date

Sat, 02 Nov 2024 00:55:11 GMT

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