Associate Director, Regulatory Capital Governance & Oversight

Job title:

Associate Director, Regulatory Capital Governance & Oversight

Company

Royal Bank of Canada

Job description

Job Summary This role contributes to the significant regulatory capital savings from successful regulatory approval on new models. This role will also participate in other initiatives to better enabling success in the future: apply the enterprise self-assessment process onto other new use case (such as non-regulatory capital requirements, or jurisdictions), modernizing the SAP tool to enhance user experience, automating manual process, etc.Job DescriptionWhat is your opportunity?You will be responsible for the efficient management of RBC’s overall Basel compliance framework and processes. You will add value by providing subject matter expertise on Basel requirements in regulatory capital and reporting, monitoring the scope of such applicable requirements across RBC, providing effective challenge in coordinating the compliance assessment reviews, and researching expected regulatory developments for jurisdictions where RBC operates.You will also contribute to the self-assessments conducted for new model applications or modifications, compilation of the model application package, and communications with regulators, etc.What will you do?Policy and Procedure DevelopmentDevelop and maintain the Self-Assessment Process (SAP) Policies and Procedures, OSFI Roll-out Plan and RBC Procedures for AIRB Roll-out Plan.Leads feedback on behalf of Basel Governance & Oversight (BG&O) on other Frameworks, Standards, Policies and Procedures when engaged by the Enterprise Policy team.Self-Assessment Process ManagementSupport the end-to-end self-assessment process, including but not limited to setting up new users, training facilitation, user guide updates, guideline interpretation, and contributor coordination.Ensure information completeness and accuracy while performing effective challenge and validation.Risk and Control OversightLead efforts to socialize, seek clarification and/or update on Enterprise Risk owned issues reported in the Quarterly Operational Risk Profile.Manage Regulatory Compliance Management (RCM) Reliance Model related annual and quarterly activities working with our Operational Risk partners.Document and monitor BG&O key controls, including collecting information required to support the annual key control testing.Stakeholder Engagement & ReportingPrepare or assist in the developing presentations and other material for senior management and regulatory engagement.Analyze and communicate new regulatory requirements to support an informed organizational position.Build and maintain strong stakeholder relationships across business units to foster active and collaborative working relationships.Process & Technology EnhancementsLead the redesign and redevelopment of the Self-Assessment Tool to enhance user experience, improve efficiency, flexibility, and ensure future readiness.Identify, exploit, and implement opportunities for process automation, report streamlining, and alignment with enterprise-wide risk management, governance, and oversight practicesContinuously seek opportunities for improvement by leveraging new technologies, data, and industry best practicesWhat Do You Need To Succeed?Must HaveStrong understanding of OSFI’s Capital Adequacy Requirements (CAR).Proven ability to manage complex stakeholder groups with exceptional influencing skillsConfident in challenging the depth and quality of self-assessment completed by colleagues across the organization.Excellent verbal, written communication, and presentation skillsAbility to maintain a strategic perspective while ensuring attention to detail.
Familiarity with industry best practices for self-assessments against regulatory requirements5 years or more of experience in the financial services sector across various functionsExperience engaging with regulators or working within a regulatory bodyNice to HaveBachelor’s degree in business administration, law, political science, public administration, economics, or a related field.Minimum 2 years of experience in Market, Credit or Counterparty Credit Risk.Project or Program Management experience with knowledge of Organizational Change Management (OCM).Strong technical aptitude, with hands-on experience in Python or similar scripting languages.Expertise in process design and optimization.What’s in it for you?We thrive on the challenge to be our best, thinking progressively 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 benefitsLeaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in an agile, collaborative, progressive, and high-performing teamThe opportunity to interface with executives from many different parts of the organizationJob SkillsAdditional Job DetailsAddress: ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: GROUP RISK MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2025-05-30Application Deadline: 2025-06-14Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.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 Jun 2025 00:37:38 GMT

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