Job Summary
Job Description
What will you do?
Act as a leader in ORM
- Deliver the vision and execute the ORM plan through global matrix engagement as part of a multi-jurisdictional virtual OR team supporting Malaysia and APAC businesses.
- Foster strong stakeholder relationships to enable active and collaborative working relationships.
- Drive a culture of integrity and behaviors that align to RBC's Code of Conduct and professional standards.
- Work collaboratively across teams, enabling an engaged workforce who are effective, knowledgeable and adaptable.
- Foster an environment of continuous personal growth.
Direct the implementation of RBC's Operational Risk Management (ORM) program and practices
- Contribute to and execute on the vision, strategy and operating model for operational risk management.
- Direct the implementation of core operational risk management programs and practices to ensure accurate view of Operational Risk Profile.
- Support implementation of ORM initiatives and monitor for adherence to requirements, escalating concerns where required.
- Identify trends and direct research into areas of perceived elevated or emerging operational risk.
Provide Operational Risk advice and monitor key & emerging risks
- Provide ORM risk mitigation strategies (and /or related area of expertise) and advise senior management in understanding and managing operational risk across domains.
- Champion behaviors that embed a strong risk management culture across 1st & 2nd LOD
- Provide oversight on the design and effectiveness of the internal control environment
- Actively support 1LOD in establishing operational risk appetite that aligns with their with stated strategic objectives
- Leverage operational risk data and analysis to provide management with insights to support decision-making
- Conduct Independent reviews to provide a perspective to 1st Line of Defense on emerging risks and trends
- Bring 1st Line of Defense insights from external sources such as ORX, Industry Events, Industry Best practices
Enable regulatory change, OR governance and reporting
- Support Management to respond to information requests by regulators, supervisors, and statutory bodies (as required)
- Identify and develop guidance material designed to support 1st Line of Defense interpretation and implementation of regulatory requirements
- Monitor and analyze the design and operational effectiveness of a platform's control environment
- Provide operational risk-related reporting and insights, and partner with the business to enhance reporting where required, to support executive management to build a perspective on operational risks and emerging trends.
- Develop a story board to provide a profile of operational risk, leveraging risk dashboards, metrics and other information sources
Legal Entity & Branch Governance
- Support legal entity risk governance including operational risk appetite review (as applicable) & approval by local Boards, supporting specific governance requirements and monitoring country business environments to identify and report on emerging risks.
Articulate operational risk framework and policies to existing and prospective clients, consultants, regulators or other external stakeholders (as required).
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I
and Equal Opportunity Employment
nclusion
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