Associate Director, Enterprise Risk

What is the opportunity?

The Associate Director, Enterprise Risk develops and implements RBC Bank risk management reports, systems, and processes to minimize Enterprise risks. This role is part of Group Risk Management - RBC Bank Risk Management and will be responsible for managing the RBC Bank Chief Risk Officer Report / Enterprise Risk Report and risk reporting to the RBC Bank Board and its committees. The Senior Manager will provide a key role in ensuring risk reporting to the RBC Bank Board is in accordance with regulatory expectations and industry best practices.

What will you do?

• Supports Enterprise Risk Appetite Framework, Limits Policy and Governance processes across the first and second line.
• Plan, facilitate and conduct assessment on Enterprise risk metrics across the bank for all risks - Credit, Market, Liquidity, Strategic, etc.
• Development and enhancement of Enterprise-wide governance, policies and procedures.
• Leads the preparation and coordination of RBC Bank CRO Report to the Risk Committee of the RBC Bank Board, working in collaboration with risk contributors to ensure messaging is clear and reporting is sufficient.
• Works with the RBC Bank Enterprise Risk Management Committee secretary to ensure proper coordination and escalation of materials to the Board.
• Provides effective challenge on risk materials to be presented to the RBC Bank Board and its Committees.
• Drives day-to-day Core Team activities to meet project milestones and keep functions on track.
• Keeps abreast of regulatory developments, industry best practices and leading trends in risk management practices.
• Regularly prepares status reports, performance metrics, presentations and Enterprise-wide guidance in accordance with the ERM program and financial industry regulations, ad-hoc and as requested by management.
• Responds to regulatory, Internal Audit and external survey requests as required (e.g. Federal Reserve, OCC, DTCC etc.)
• Provides review and challenge of 1LoD activities and committee reporting.
• Supports Enterprise Risk transformation, remediation, and escalation activities.

What do you need to succeed?

Must-have

• Bachelor's Degree in Business, Finance, Law, Risk Management, or other related fields.
• 5+ years of experience in a Risk Management role in a Financial Services organization.
• Demonstrated ability to think critically and facilitate change through collaborative effort.
• Strong interpersonal, verbal and written communication skills.
• Strong knowledge of risk management and/or governance standards & processes (management and/or board level).
• Extensive knowledge and experience with various reporting, analysis, and presentation tools including MS Excel and Powerpoint.
• General knowledge of key risk disciplines e.g., for all risks - Credit, Market, Liquidity, Strategic, etc.

Nice-to-have

• Master's Degree in Business, Finance, Law or other related fields or Risk Management certification (e.g. FRM).
• Prior work developing processes and controls related to Heightened Standards or Reg YY.
• 3+ years of experience with risk areas, KPI and KRI.
• 3+ years of experience in project management or leadership.

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
• 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.

You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

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

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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 believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.