Job Summary

Job Description

What is the Opportunity?

The GRM Operational Risk Shared Services Team is responsible for development, maintenance and monitoring effectiveness of the Operational Risk Management (ORM) Program, including the underpinning practices and methodologies.

The Associate Director, Non-Financial Risk Appetite and Stress Testing will manage the development, maintenance and implementation of both the Non-Financial Risk Appetite Program and Stress Testing Programs. Success in this role will require a sound understanding of methodologies and requirements, as well as a solid grasp of user application needs and experiences.

What will you do?

Help development the framework, methodologies and implementation of the risk appetite program across all risk types within Operational Risk.Help develop and execute stress testing programs across the organization such as ICAAP, EWST, CCAR, etc.Work closely with 1LOD and 2LOD stakeholders to ensure implementation activities can be completed as planned in the context of their operating model and environment.Collaborate with 2LOD stakeholders to ensure coordination and consistency in the application NF Risk Appetite and Stress Testing practices.Build and maintain strong stakeholder relationships to enable active and collaborative working relationships.Work collaboratively across teams, enabling an engaged workforce who are effective, knowledgeable and adaptable.Support the vision, strategy, mandate and operating model for the unit.Contribute to strategy, culture and activities to enable the team to operate as an integrated organization and execute effectively.Support behaviors that embed a strong risk management culture across all 3 lines of defense.Actively support business partners such as the A&O and CoG communities in implementing operational risk management practices in a manner that aligns with strategic objectives.

What do you need to succeed?

Must Have:

5-7 years experience of Risk Appetite, Non-Financial Risk, and Stress TestingStrong statistical and analytical skillsStrong collaboration and relationship management skillsAbility to understand the big picture and how individual elements depend on or impact each otherAbility to anticipate integration challenges and take proactive action to minimize impactEffective verbal and written communication skills, including ability to simplify complex ideasAbility to work with ambiguities and/or incomplete information

Nice-to-Have:

Knowledge of and experience with other operational risk management concepts, methodologies and best practices.Background in coding, (R, Python or any other language nice to have).

What is in it for you?

We thrive on the challenge to be our best, progressive thinking, to keep growing, and working together to build and deliver trusted reporting to help our stakeholders succeed 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 compensationAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to take on progressively greater accountabilities.

Job Skills

Analytics Insights, Business Process Design, Decision Making, Financial Risk Management (FRM), Operational Risks, Operation Risk Management, Risk Appetite, Risk Control, Risk Management, Stress Testing, Teamwork

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-03-05

Application Deadline:

2025-03-19

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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