Risk Management Associate Director

1 week ago


Jersey City, New Jersey, United States RBC Capital Markets, LLC Full time

Job Summary

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 (LoBs), 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.

Key Responsibilities

  • 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

Requirements

  • 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


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