Rbc
Finance
SeniorManagerBusinessRisk
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“Senior Manager Business Risk at Rbc. Skills: Business Risk, Operational Risk, Risk Management, Internal Controls, Regulatory Compliance. Develop, implement, and comply with the Operational Risk Framework in WM specifically for the WM Strategy, Products & Digital Investing (SP&D) team. Responsible for planning, developing, and executing on all aspects of the Operational Risk practice for the businesses outlined above”
What You'll Achieve.
enhancing their ability to anticipate and manage business risk effectively; making strategically aligned business recommendations; deliver trusted advice to help our clients thrive and communities prosper; making a difference and lasting impact
Industry & Context.
problem solving; analytical (including qualitative and quantitative analysis) and research skills are essential
What They're Looking For.
Must Have
5-8 years of combined knowledge, skill, and background in Wealth Management Brokerage, P&CB, Operational Risk, Audit or Compliance functions, University Degree and recognized Industry Qualifications – Securities / Options / Futures/Investment Management or equivalent courses, problem solving, analytical (including qualitative and quantitative analysis) and research skills are essential, advanced desktop skills (e. g. excellent knowledge of Microsoft Office, Tableau, PowerPoint), Ability to deal effectively with senior management and multiple stakeholders, communication and writing skills with the ability to present information effectively, Consulting mindset with focus on making strategically aligned business recommendations, Professional designation such as an MBA, CPA, CFA
Nice to Have
Excellent knowledge of Wealth Management and P&CB products, processes, and organization, knowledge of Direct Investing and Direct Investing businesses and related front-office and back-office activities, Experience in securities operations within one or more businesses in WM or comparable businesses, Experience supporting Canadian investment dealers, trading, Familiarity with Canadian Investment Regulatory Organization (CIRO) rules and requirements
What You'll Do.
and comply with the Operational Risk Framework in WM specifically for the WM Strategy
Products & Digital Investing (SP&D) team
Responsible for planning
and executing on all aspects of the Operational Risk practice for the businesses outlined above
Lead the 1st line execution of the RCM program in coordination with the businesses & Compliance
Establish and implement appropriate oversight to ensure that RCM policies are being adhered to and exceptions are escalated to the Director
Implement the enhancements to RBC’s Internal Control Management Policy in SP&D
Act as delegate to support control assessments and annual attestations to assist lines of businesses in meeting their ongoing Internal Controls Management Policy (ICMP) and Regulatory Compliance Management (RCM) and obligations
Drive innovation in control design and control testing methods
working with control owners to leverage automation and data to modernize controls testing
Manage the rolling 12-month plan to ensure annual assessments are performed on time
Implement the enhancements to RBC’s Risk and Control Self-Assessment program in SP&D including the establishment of Risk Register
Risk statements and aggregation of digitized RCSA
Support the Director in the development
tracking and reporting of Risk Appetite for WM globally
Support Director in the development
tracking and reporting of Key Risk Indicator (KRI) for all BU/FUs within SP&D
Responsible for guiding the team in complying with RBC’s Issues Management framework and Project engagement
Provide expert feedback on the Operational Risk impact of major change initiatives
and transformational projects
Performing Root Cause analysis of major events
Product risk reviews and IRPs
Attend specific WM SP&D Operating Committees and other Governance forums as the risk SME and as delegate of the Director
Act as a center of excellence for education and advocacy of information on RBC’s Operational Risk management practices and programs to foster sound operational risk management in WM
How You'll Work.
Team & Collaboration
Maintain critical linkages with Centres of Governance, 2LoD Operational Risk (GRM OR), Compliance, and other critical areas of dependency for SP&D to facilitate the exchange of information and integrated solutions to operational risk issues; Attend specific WM SP&D Operating Committees and other Governance forums as the risk SME and as delegate of the Director; working together to deliver trusted advice to help our clients thrive and communities prosper; working together as One RBC; collaborate effectively; collaborative, progressive, and high-performing team
Communication Scope
communication and writing skills with the ability to present information effectively
Process & Methodology
Project engagement
Full Job Description
**_Job Description_** **What is the opportunity?** Reporting to the Director of Business Risk for RBC Wealth Management and being embedded in WM’s 1st line of defense, the Senior Manager Business Risk is a trusted Business Risk adviser to Senior Leaders in WM in general and the WM Strategy, Products & Digital Investing (SP&D) team in particular. The Senior Manager will help the Director develop, implement, and sustain RBC’s Operational Risk Framework ensuring alignment with the Enterprise ORM strategy for the management of Operational Risk (ORM). You will guide Business Risk management leadership within SP&D including providing expertise, advice and counsel to senior management, enhancing their ability to anticipate and manage business risk effectively. The WM units specifically supported are Direct Investing & InvestEase, Global Credit and Banking Solutions, Global Investments, Strategy & Transformation; Digital; and Data & AI. **What will you do?** * Develop, implement, and comply with the Operational Risk Framework in WM specifically for the WM Strategy, Products & Digital Investing (SP&D) team. Responsible for planning, developing, and executing on all aspects of the Operational Risk practice for the businesses outlined above. * Lead the 1st line execution of the RCM program in coordination with the businesses & Compliance. Establish and implement appropriate oversight to ensure that RCM policies are being adhered to and exceptions are escalated to the Director. * Implement the enhancements to RBC’s Internal Control Management Policy in SP&D. Act as delegate to support control assessments and annual attestations to assist lines of businesses in meeting their ongoing Internal Controls Management Policy (ICMP) and Regulatory Compliance Management (RCM) and obligations. * Drive innovation in control design and control testing methods, working with control owners to leverage automation and data to modernize controls testing. Manage the rolling 12-month plan to ensur
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