Job SummaryJob DescriptionWhat is the Opportunity?This role is part of RBC Bank Risk Management, responsible for the execution of governance frameworks, Risk Appetite, Issues Management, Model Governance, Change Management, and Climate Risk. This role will provide oversight and guidance to the lines of business (LoB)s and oversight functions as it pertains to creation, update and governance of frameworks and Risk Appetite across RBC Bank.
What will you do?- Manage the team through the development and maintenance of risk frameworks and Risk Appetite for RBC Bank.
- Responsible for management of team including priorities and performance goals. Maintains staff by recruiting, onboarding, training, assessing, and promoting employees
- Annual (and any off cycle) update of RBC Bank's Risk Appetite Statements/ Measures (RAS/RAMs)
- Perform Review and Challenge of proposals from the first line of defense
- Provide guidance on risk appetite measures to the second line of defense
- Preparation of presentations for management and board committees
- Annual update of the RBC Bank Risk Appetite Framework (RAF), as well as all related policies and procedures
- Drafting of materials for quarterly meetings with US regulators and assisting with coverage of regulatory exams and requests for information, as well as any MRA remediations
- Maintain proactive and timely communication within Enterprise Risk Management and across Risk Stipes, subsidiary risk teams, and RBC Bank LoBs & Functions
What do you need to succeed?- Bachelor's Degree in Business, Finance, Law or other related fields
- 10+ years previous experience working in a Risk Management role in a Financial Services organization
- History of developing processes and controls related to Heightened Standards or Reg YY
- General knowledge of key risk disciplines e.g., enterprise, market, counterparty credit, liquidity risk and Operational Risk
- Master's Degree in Business, Finance, Law or other related fields or Risk Management certification (e.g. FRM) preferred
- Prior Experience with Risk Appetite and / or risk limits preferred
- Experience with regulatory relations and remediation preferred
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
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 SkillsBusiness Analytics, Business Risks, Decision Making, Enterprise Risk Management (ERM), Financial Products, Financial Risk Management (FRM), Operational Delivery, Operational Risks, Quality Management, Results-Oriented, Risk Appetite, Risk Framework, Risk Management, Strategic Thinking
Additional Job DetailsAddress:8081 ARCO CORPORATE DRIVE:RALEIGH
City:Raleigh
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:2024-12-18
Application Deadline:2025-02-28
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity EmploymentAt 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.
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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