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Form of workJob Summary
Job Description
What is the opportunity?
In this position, you will contribute to the maintenance of an effective first line Operational Risk management program within assigned areas of responsibility of Investor Service business line. You will work closely with first line business partners to identify, document and resolve risk issues and implement Operational Risk framework tools.
What will you do?
- Employ an entrepreneurial approach for assigned areas of responsibility to manage Operational Risk. Builds key relationships and regular touchpoints.
- Develop and implement Operational Risk management processes to better manage, measure, monitor, and report Operational Risk exposures within assigned areas.
- Research and evaluate best practices for investment organizations and business activities to control various risks; research all non-financial risk management policies and procedures, limits, and guidelines.
- Develops tools and metrics and performs analysis to report, monitor, measure, and manage various aspects of risk exposures.
- Develops and implements processes, tools and techniques to evaluate and validate risks.
- Partners with 1A functions to understand risk events, issues and facilitates remediation by engaging stakeholders. Performs deep dive around significant risk events and exposures and develops action plans in consultation with 1As. Follow up with finance for financial treatment (GL impact recording)
- Implements and execute various Operational Risk tools including RCSAs, Risk Acceptances, KRIs, thematic reviews, etc.
- Perform the controls assessments in line with ICMP Policy.
- Support Change Risk Management activities (IRPs, NBC proposals, applicable ERs) within assigned areas of responsibility
- Perform specifically assigned tasks (example: Client due diligence, GL reconciliation, training material development, ad-hoc business requests, etc.
What do you need to succeed?
Must-have
- Undergraduate Degree or equivalent experience
- 5+ years of relevant work experience
- Good knowledge of businesses with particular emphasis on the control environment
- Knowledge of Operational Risk and control management industry best practices
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.
- Excellent exposure to communicate with various business partners and stakeholders in Investor Services and within other platforms as appropriate
- Opportunity to obtain hands-on experience throughout your role
- Working with an exciting, close-knit, supportive & dynamic group
- Opportunity to collaborate with other business segments within the bank
- Excellent career development and progression opportunities
- A comprehensive Total Rewards Program including bonuses and flexible benefits
- Competitive compensation
Job Skills
Business Process Design, Decision Making, Financial Risk Management (FRM), Operational Risks, Risk Control, Risk Management, TeamworkAdditional Job Details
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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.
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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