Associate Director, Regulatory and Business - Toronto, Canada - Royal Bank of Canada

Royal Bank of Canada

Verified Company

Toronto, Canada

4 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Job Summary
Develops and implements global risk management reports, systems, and processes to minimize investments risks. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments.

What is the Opportunity?
This individual will be supporting US Enterprise Risk with regulatory and strategic initiatives and projects across the US.

The scope will cover both change the bank and run the bank activities supporting the US Risk Office and broader Risk functions, working closely with owners and stakeholders.

What will you do?
Regulatory Compliance Management (RCM) for US Risk

Support risk areas that play a first line role in relation to the management of Regulatory Compliance Risk to maintain RCM Program(s) related their area(s) of oversight
Lead the execution and enhancement of RCM processes
Maintenance and enhancement of the Regulatory Library via facilitated work sessions with individual risk areas
Support with definition of 1LOD and 2LOD controls for different risk areas
Where appropriate, support with executing Reliance Model activities to assist US Risk Owners

Regulatory Engagement for Enterprise Risk

Prepare material for bimonthly meetings with the Federal Reserve Board and OCC working with Risk heads
Manage all follow up requests and activities from the regulators and liaise with Regulatory Relations team
Support with other regulatory matters as needed

Issues Management

Support US Risk with Issues Management governance and reporting
Enhance existing processes and increase visibility into all issues
Align with strategic issues management solution

Business Analysis

Perform indepth data analysis and examination to support decision making and remediation / execution activities for regulatory and strategic work
Create presentations and summary statistics for regulators, senior management and other stakeholders, which summarize findings and proposed solutions
Support with status updates, planning and reporting to regulators, compliance, senior management, project owners and other stakeholders
As necessary or when requested provide support to projects, initiatives and/or GRM's reporting requirements to internal and external stakeholders.

Stakeholder / Team Management

Assist with communication and governance strategies, ensuring buyin from all stakeholders
Facilitate meetings with stakeholders and other key parties, as required
Support stakeholders and team with problem solving, providing ideas and opinions

What do you need to succeed?

Understanding of regulatory compliance management and associated requirements
Knowledge of risk disciplines e.g., enterprise, wholesale, retail, market, counterparty credit, liquidity risk
Experience with Internal Controls and Testing is beneficial
Experience with issues management is beneficial
Managing projects and initiatives for multiple stakeholders
Business analysis and strategic thinking
Strong written and verbal communication skills required
Indepth knowledge of MS Office

Other Required Qualifications:

Required: Bachelor's Degree in Business, Finance, Law or other related fields
5+ years previous experience work in a Risk Management role in a Financial Services organization.

Suggested Qualifications:

Preferred: Master's Degree in Business, Finance, Law or other related fields or Risk Management (ex. FRM) certification.

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 highperforming team
Opportunities to do challenging work
Opportunities to building close relationships with clients

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

Job Skills
Business Performance Management, Investment Banking Analysis, Investment Economics, Investment Management Systems, Investment Performance Measurement, Investment Risk, Investment Risk Management, Market Risk, Operational Risks, Performance Management (PM), Quality Management, Risk Management, Standard Operating Procedure (SOP)

Additional Job Details
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