Job Summary

Job Description

What is the Opportunity?

This role is part of Group Risk Management – U.S. Enterprise Risk, supporting the coordination of independent risk oversight of the RBC U.S. strategic plan and execution of the Strategic Risk Management framework for the Combined US Operations (CUSO), RBC’s Intermediate Holding Company (RIHC) and branches within the U.S.  This role will provide oversight and guidance to the lines of business (LoB)s, coordinate with GRM functions in the US and Canada and assist in reviewing strategic transactions and understanding developments that could represent strategic risks to RBC US.

What will you do?

Implement applicable policy and standards documents for US Escalations and Risk Acceptance programs

Develop and provide appropriate guidance documents and training material to facilitate implementation of Escalations and Risk Acceptance programs in the US

Coordinate, as appropriate, with stakeholders at the Enterprise and LoBs to facilitate alignment across the organization

Develop and implement processes to monitor adherence to applicable policy and standards. Provide periodic reporting to senior management on adherence to policy and standards

Maintain system of record for escalations

Develop periodic reporting on escalations and risk acceptances for senior management and the board

Analyze portfolio of risk acceptances to uncover themes. Report on any identified themes

Analyze portfolio of escalations to uncover themes. Report on any identified themes

Assist with periodic reviews and requests for information from Internal Audit and various stakeholders across risk   

What do you need to succeed?

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.

Knowledge of one or more key risk discipline (e.g., Enterprise, Market, Counterparty, Credit, Liquidity and Operational Risk)

Experience with Strategic Planning or Strategic Risk oversight

Experience developing processes and controls related to Heightened Standards or Reg YY will be prioritized

Strong written and verbal communication skills

Ability to influence multiple stakeholders at different levels of an organization

Experience managing complex projects and initiatives

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.

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 build 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

Credit Analysis, Fraud Risk Management, Investment Economics, Investment Management Systems, Investment Risk, Investment Risk Management, Long Term Planning, Market Risk, Operational Risks, Project Management, Quantitative Methods, Risk Control, Risk Management

Additional Job Details

Address:

30 HUDSON STREET:JERSEY CITY

City:

Jersey City

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-08-12

Application Deadline:

2024-10-01

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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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.