Job Summary
Job Description
What is the Opportunity?
This role is part of Group Risk Management U.S. Enterprise Risk, responsible for the execution of governance frameworks and Risk Appetite for the Combined US Operations (CUSO), RBC's Intermediate Holding Company (RIHC) and branches within the US. This role will provide oversight and guidance to the lines of business (LoB)s and oversight functions as it pertains to creation, update and governance of frameworks and Risk Appetite across the U.S.
What will you do?
Annual (and any off cycle) update of CUSO Risk Management Framework
Manage the team through the development and maintenance of risk frameworks and Risk Appetite for RBC's CUSO and RIHC
Annual (and any off cycle) update of CUSO Risk Appetite Statements/ Measures (RAS/RAMs)
Provide guidance and perform consistency checks across Risk Management Frameworks in the legal entities in the RIHC
Provide guidance on risk appetite measures to the second line of defense
Perform Review and Challenge of proposals from the first line of defense
Assist with meeting minutes and documentation requirements
Preparation of presentations for management and board committees
Drafting and updating of all key governance documents
Annual update of the CUSO Risk Appetite Framework (RAF), as well as all related policies and procedures
Perform Review and Challenge of proposals from the first line of defense
Annual (and any off cycle) update of CUSO Risk Appetite Statements/ Measures (RAS/RAMs)
Preparation of presentations for management and board committees
Provide guidance on risk appetite measures to the second line of defense
Maintain Risk Appetite supporting documentation files
Assist with meeting minutes and documentation requirements
Work with the Enterprise Risk Appetite team in Toronto, for consistency and alignment of practices - as appropriate
Provide guidance and share information across the US subsidiaries, to ensure alignment and best practices
Maintain proactive and timely communication within Enterprise Risk Management and across Risk Stipes, subsidiary risk teams, and US LoBs
Facilitate meetings with all key parties, as required
What do you need to succeed?
General knowledge of key risk disciplines e.g., enterprise, market, counterparty credit, liquidity risk and Operational Risk
Required Bachelor's Degree in Business, Finance, Law or other related fields
Prior experience within Risk or Product Control will be prioritized
10+ years previous experience work in a Risk Management role in a Financial Services organization
Prior Experience with Risk Appetite and / or risk limits is very beneficial
Prior work developing processes and controls related to Heightened Standards or Reg YY will be prioritized
Strong written and verbal communication skills required
Managing projects and initiatives for multiple stakeholders
Preferred Master's Degree in Business, Finance, Law or other related fields or Risk Management certification (e.g. FRM)
In-depth knowledge of MS Office
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.
Leaders who support your development through coaching and managing opportunities
A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
Work in a dynamic, collaborative, progressive, and high-performing team
Ability to make a difference and lasting impact
Opportunities to building close relationships with clients
Opportunities to do challenging work
RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that
Drives RBC's high performance culture
Enables collective achievement of our strategic goals
Generates sustainable shareholder returns and above market shareholder value
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and Equal Opportunity Employment
nclusion
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