Senior Manager, CUSO Operational Risk Advisory and Oversight

Job Summary

Job Description

What is the Opportunity?

RBC Advisory and Oversight teams are responsible for providing independent and objective oversight of the management of Operational Risks which are risks arising from processes, people, systems or external events. Working with the Senior Director, CUSO Operational Risk Strategy & Regulatory Readiness, the Senior Manager, Operational Risk Advisory and Oversight will contribute to the ongoing review and monitoring of operational risk programs executed by RBC functions including Risk and Control Assessments, Operational Risk Appetite, Key Risk Indicators, Operational Risk Events, Issue Management, Scenario Analysis and aggregating and reporting of operational risk information to the US Operational Risk Committee.

What will you do?

• Work collaboratively with functions to embed an understanding of the risk profile and risk appetite of the bank

• Review and challenge operational risk practices of functions across all of CUSO

• Review and challenge operational risk practices against RBC and CUSO operational risk framework and policies post implementation

• Review and challenge the operational risk programs (risk assessment, operational risk events, key initiatives, scenario analysis, Risk and Control Self-Assessments, Issues and Actions) to ensure a complete, transparent and accurate view of the risk profile

• Execute reviews of operational risk programs to ensure they continue to be appropriate based on emerging risk trends, thematic risks, and regulatory changes. Recommend new or revised assessments and advise unit management on mitigation strategies

• Assist with the preparation of status reports, key metrics and other ORM reporting information as requested by management, the Risk Committee or RBC

• Maintain awareness of current regulatory/industry trends impacting the Bank’s operational risk management program or practices

• Perform comparative analysis of ORM programs (risk assessments, operational risk events, etc.) and other items (internal audit issues, etc.) to accurately report the Operational Risk Profile.

What do you need to succeed?

• Bachelor's Degree or higher and other professional qualifications such as a CPA, CA, etc.

• Minimum 7 years’ experience in the financial services sector

• Minimum 5 years of experience in Risk Management, ORM or Internal Audit

• Minimum 5 years of management or operational experience

• Experience with support functions (HR, Legal, Marketing, etc)

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.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable

• Leaders who support your development through coaching and managing opportunities

• Ability to make a difference and lasting impact

• Work in a dynamic, collaborative, progressive, and high-performing team

• Opportunities to do challenging work

• Opportunities to building close relationships with clients

The good-faith expected salary range for the above position is $110,000 - $190,000 (NJ) depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs.  This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

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

#LI - Hybrid

#LI - POST

Job Skills

Business Process Design, Decision Making, Operational Risks, Risk Control, Risk Management, Teamwork

Additional Job Details

Address:

30 HUDSON