Associate Director, Advisory & Oversight, GRM Op Risk

What is the Opportunity?

The Associate Director, Advisory & Oversight, GRM Op Risk will support the Director & Senior Director to ensure that operational risk profiles for each business have been established, kept current and demonstrate fair and accurate representation of operational risk exposure.

This role works closely with the Director and Senior Director to support the implementation of the OR framework and risk management practices across the platform.

What will you do?

• Provide subject matter expertise to colleagues and management in understanding and managing operational risk policies and procedures across the domains
• Support a strong culture of risk and integrity through effective challenge and deep partnership with first line to promote transparency of risks and matters requiring escalation
• Support Director in independent, thematic reviews and/or emerging risk assessments to increase awareness of risk exposures
• Support the strategy, culture and activities that enable the team to operate as an integrated organization
• Support a culture of integrity and behaviors that align to RBC’s Code of Conduct and professional standards
• Initiate and lead research into areas of perceived elevated or emerging operational risk
• Investigate large loss events/incidents to assess potential systemic weaknesses and ensure appropriate corrective action
• Partner with 1st line-of-defense on the execution and effectiveness of ORM programs (e.g.: independent reviews, deep dive reviews, risk assessments and coordination of scenario analysis) to gain assurance on current and emerging issues
• Review and assess output from operational risk management programs to support accurate view of the Operational Risk Profile
• Contribute to and gather information required to respond to regulators, supervisors and statutory bodies (if required)
• Monitor and analyze the design and operational effectiveness of a unit’s control environment
• Develop/ leverage risk dashboards and metrics to identify trends and provide insights that contribute to an accurate profile of operational risk

What do you need to succeed?

Must-have

• Experience in risk management (1LOD or 2LOD) or related field, knowledge of financial services products, processes, and regulatory environment
• Strong banking background and experience 6+ Years
• Undergraduate degree
• Experience working in a matrixed environment, and coordination of work across a large number of stakeholders
• Analytical mind-set and ability to aggregate data across multiple internal and external sources

Nice-to-have

• Strong negotiation skills and ability to partner with multiple stakeholders
• Strong ability to influence, motivate, effect change or challenge others
• Ability to transform overarching objectives into executable plan
• Graduate degree or equivalent experience.
• Designation associated with Risk Management

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

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. TORONTO, Ontario, Canada CAN-ON-TORONTO Canada 37.5 Full time Group Risk Management Regular Salaried 2023-05-15 2023-05-27