Associate Director, Non-Financial Risk Appetite and Stress Testing

Job title:

Associate Director, Non-Financial Risk Appetite and Stress Testing

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the Opportunity?The GRM Operational Risk Shared Services Team is responsible for development, maintenance and monitoring effectiveness of the Operational Risk Management (ORM) Program, including the underpinning practices and methodologies.The Associate Director, Non-Financial Risk Appetite and Stress Testing will manage the development, maintenance and implementation of both the Non-Financial Risk Appetite Program and Stress Testing Programs. Success in this role will require a sound understanding of methodologies and requirements, as well as a solid grasp of user application needs and experiences.What will you do?

• Help development the framework, methodologies and implementation of the risk appetite program across all risk types within Operational Risk.
• Help develop and execute stress testing programs across the organization such as ICAAP, EWST, CCAR, etc.
• Work closely with 1LOD and 2LOD stakeholders to ensure implementation activities can be completed as planned in the context of their operating model and environment.
• Collaborate with 2LOD stakeholders to ensure coordination and consistency in the application NF Risk Appetite and Stress Testing practices.
• Build and maintain strong stakeholder relationships to enable active and collaborative working relationships.
• Work collaboratively across teams, enabling an engaged workforce who are effective, knowledgeable and adaptable.
• Support the vision, strategy, mandate and operating model for the unit.
• Contribute to strategy, culture and activities to enable the team to operate as an integrated organization and execute effectively.
• Support behaviors that embed a strong risk management culture across all 3 lines of defense.
• Actively support business partners such as the A&O and CoG communities in implementing operational risk management practices in a manner that aligns with strategic objectives.

What do you need to succeed?Must Have:

• 5-7 years experience of Risk Appetite, Non-Financial Risk, and Stress Testing
• Strong statistical and analytical skills
• Strong collaboration and relationship management skills
• Ability to understand the big picture and how individual elements depend on or impact each other
• Ability to anticipate integration challenges and take proactive action to minimize impact
• Effective verbal and written communication skills, including ability to simplify complex ideas
• Ability to work with ambiguities and/or incomplete information

Nice-to-Have:

• Knowledge of and experience with other operational risk management concepts, methodologies and best practices.
• Background in coding, (R, Python or any other language 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 Analytics Insights, Business Process Design, Decision Making, Financial Risk Management (FRM), Operational Risks, Operation Risk Management, Risk Appetite, Risk Control, Risk Management, Stress Testing, TeamworkAdditional Job DetailsAddress: 20 KING ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: GROUP RISK MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2025-03-05Application Deadline: 2025-03-19Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion 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

Fri, 07 Mar 2025 01:15:40 GMT

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