Royal Bank of Canada
Director, U.S Strategic Risk
Royal Bank of Canada, Raleigh, NC
Job Summary
Job Description
What is the Opportunity?
This role is part of Group Risk Management - U.S. Enterprise Risk Transformation, driving 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 (LoB)s, 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.
What will you do?
What do you need to succeed?
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.
The good-faith expected salary range for the above position is $160,000 - $250,000 (NJ) depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
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:
#LI - Hybrid
#LI - POST
Job Skills
Business Analytics, Decision Making, Financial Risk Management (FRM), Operational Delivery, Quality Management, Results-Oriented, Risk Management, Strategic Thinking
Additional Job Details
Address:
30 HUDSON STREET:JERSEY CITY
City:
Jersey City
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:
2024-08-22
Application Deadline:
2024-10-17
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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
Job Description
What is the Opportunity?
This role is part of Group Risk Management - U.S. Enterprise Risk Transformation, driving 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 (LoB)s, 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.
What will you do?
- Create and maintain strategic risk management policy and procedure requirements
- Coordinate with stakeholders at LoBs to rationalize various strategic risk management policies to the CUSO level
- Coordinate with stakeholders at Enterprise to ensure CUSO level policies and standards align to enterprise requirements
- Monitor adherence to policy requirements
- Annually coordinate second line of defense review and challenge of the RBC US strategic plan
- Provide guidance as necessary on review and challenge documentation requirements
- Aggregate and prepare consolidated second line of defense independent assessment of CUSO strategic plan for management and board committees
- Lead coordination of Periodic Strategy Reviews to monitor progress on execution of strategic initiatives and alignment to Risk Appetite
- Assist with periodic reviews and requests for information from Internal Audit and various stakeholders across risk
- Implement Enterprise policy & standards associated with change risk (Proposed funding and transaction approval requests, New or Changed product review and other programs or initiatives that drive change across the organization) at CUSO and tailor requirements as appropriate for the US
- Rationalize various change risk processes across CUSO to simplify approval processes, create greater consistency and ensure appropriate management of change risk
- Develop New Initiatives reporting for senior management and the Board
What do you need to succeed?
- Bachelor's Degree in Business, Finance, Law or other related fields
- 7+ 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 and change risk
- 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
- Preferred: Master's Degree in Business, Finance, Law or other related fields or Risk Management certification (e.g. FRM)
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
The good-faith expected salary range for the above position is $160,000 - $250,000 (NJ) depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
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 Skills
Business Analytics, Decision Making, Financial Risk Management (FRM), Operational Delivery, Quality Management, Results-Oriented, Risk Management, Strategic Thinking
Additional Job Details
Address:
30 HUDSON STREET:JERSEY CITY
City:
Jersey City
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:
2024-08-22
Application Deadline:
2024-10-17
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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.