Senior Director, Conduct and Compensation Risk

Job title:

Senior Director, Conduct and Compensation Risk

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the Opportunity?As part of the Group Risk Management (GRM) Enterprise Conduct and Reputation Risk senior leadership team, the Senior Director, Conduct and Compensation Risk will be responsible for fulfilling and enhancing RBC’s risk-related compensation practices across the enterprise in all business and functional segments and regions. Key responsibilities include priorities to maintain alignment with mature industry practices and regulatory requirements, collaborating with human resources, and providing active oversight of compensation risks.The GRM Enterprise Conduct and Reputation Risk team is accountable for the Enterprise Culture and Conduct Risks Framework and the Enterprise Reputation Risk Management Framework. Through these frameworks the team provides the enterprise-wide strategy and direction to enable RBC to identify, measure, monitor, and mitigate risks associated with culture, conduct, reputation, client practices, and compensation.What will you do?(a) Lead evolution of RBC’s Compensation Risk Management Operating Model

• Provide thought leadership to articulate priorities and secure stakeholder support for enhancing operating model and practices.
• Manage, challenge, and refine governance for risk-based compensation decisions.
• Oversee ongoing development of binding governance documents (frameworks, policies, standards, etc.) that include clear roles and responsibilities aligned with the three lines of defence, and incorporate enterprise consistency.
• Maintain robust regulatory compliance management program.

(b) Lead Enterprise Compensation Risk Practices

• Drive and continuously enhance the effectiveness of enterprise-wide compensation risk practices including the identification of material risk takers and other covered employees, risk-related performance goals for leaders, and corresponding measurement of results and compensation outcomes.
• Collaborate with leaders in disciplines that intersect with compensation risk including human resources, compliance, enterprise and operational risk, finance, and legal to produce comprehensive compensation risk profiles at the enterprise level, and by segment and region.
• Provide input and oversight to compensation plan risk assessments.
• Deliver impactful reporting and governance inputs including enterprise chief risk officer (CRO) reports; working with regional CRO teams on their own compensation risk reporting to ensure alignment.
• Fulfil external disclosures and regulatory responses.

(c) Lead Culture, Conduct, and Reputation Risks Programs

• Lead and integrate various dimensions and priorities of the broader enterprise culture, conduct, reputation, and operational risk programs.

(d) Act as a leader in Operational Risk / Group Risk Management

• Drives a culture of integrity and behaviours that align to RBC’s Code of Conduct and professional standards.
• Works collaboratively across teams, enabling an engaged workforce who are effective, knowledgeable, and adaptable.
• Cultivates an environment of continuous personal growth.

(e) Leadership Capabilities

• Lead a team of high performing colleagues by being invested in their engagement, growth and success.
• Embody RBC Values and Leadership Model.
• Promote a strong culture of risk and control awareness and risk mitigation.
• Leverage value in unit, department, and enterprise-wide teams to develop better solutions and achieve optimal enterprise-wide results.

What do you need to succeed?Must Have:

• 10 to 15+ years of experience in progressively responsible roles in regulated industries with direct exposure to enterprise-wide mandates and enterprise/operational risk management.
• Seasoned at stakeholder and change management, and building compelling cases for change.
• Strong understanding of compensation risk practices.
• Comfort working under ambiguous, complex, multi-stakeholder and fast-moving situations whilst driving initiatives to successful completion.
• Expert governance-risk-compliance (GRC) acumen through three lines of defence roles.
• Advanced skills in working across geographies and in a matrixed environment.
• Deep capability interpreting and implementing regulatory requirements.
• Proven people management experience.
• University degree in business or related discipline.

Nice-to-Have:

• CPA, MBA, Law certifications/professional designation.
• Excellent knowledge and understanding of RBC businesses and organization.

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.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• Leaders who support your development through coaching and managing opportunities.
• A world-class training program in financial services.

Job Skills Decision Making, Financial Risk Management (FRM), Information Security Management, Operational Delivery, Risk Management, Security Management, Strategic ThinkingAdditional Job DetailsAddress: 20 KING ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: GROUP RISK MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2025-03-19Application Deadline: 2025-03-31Note: 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

Thu, 20 Mar 2025 08:16:37 GMT

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