Associate Director, Operational Risk Practices

Job title:

Associate Director, Operational Risk Practices

Company

Royal Bank of Canada

Job description

Job Summary The Associate Director, Operational Risk Practices supports the execution and establishment of assigned methodologies for universal operational risk practices and tools, such as: Issue Management, Internal Operational Risk Events (OREs), and other operational risk practices.Job DescriptionWhat is the opportunity?The Associate Director, Operational Risk Practices supports the execution and establishment of assigned methodologies for universal operational risk practices and tools, such as: Issue Management, Internal Operational Risk Events (OREs), and other operational risk practices.What will you do?

• Support the implementation of RBC’s Operational Risk Management (ORM) strategy, objectives for operational risk management practices across RBC and maintenance and enhancement of the ORM Framework with a specific focus on Issue Management.
• Responsible for monitoring adherence to policies, standards, procedures and frameworks related to Issue Management, while ensuring alignment to regulatory guidance and industry best practices
• Support the Three Lines of Defense Model for Operational Risk Management across RBC; drive a growth mindset to embed Operational Risk across the enterprise
• Contribute to the design and implementation of governance standards and processes supporting the Three Lines of Defense model
• Provide subject matter expertise and oversight to distributed implementation of assigned ORM Practices, i.e., Issues Management and others as assigned within business and functional units, geographies and legal entities within RBC
• Exercise appropriate policy adherence for assigned ORM Practices in alignment with enterprise level requirements as a Second Line of Defense
• Support the Reporting & Analytics team in producing reporting that conveys complete, accurate, timely and actionable information regarding RBC’s operational risk profile
• Build relationships with stakeholders, ensuring that employees understand ORM’s strategy and vision, and support and reinforce targeted behaviors that contribute to RBC’s goals
• Promote a strong culture of control awareness and risk mitigation across RBC

What do you need to succeed?Must-have:

• BA or equivalent with a focus in business, accounting, finance or related field, professional designation associated with risk management is preferred
• 5+ years of experience in financial services industry, with at least three years in an operational risk management, internal audit, or compliance role. Strong knowledge of current operational risk practices
• Experience working in a matrixed environment, and ability to coordinate with a large group of stakeholders
• Good impact and influence skills
• Strong problem solving, analytical (including qualitative analysis), research, and quantitative skills
• Ability to assimilate and interpret information covering a wide range of differing business areas and regulatory dimensions

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 and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Flexible work/life balance options
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

Job Skills Communication, Financial Instruments, Fraud Risk Management, Long Term Planning, Operational Risks, Policy Management, Risk Control, Risk ManagementAdditional Job DetailsAddress: 20 KING ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: GROUP RISK MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2024-11-29Application Deadline: 2024-12-14Note: 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

Sun, 01 Dec 2024 03:37:17 GMT

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