Royal Bank of Canada
Senior Manager, Control Testing and Management
Royal Bank of Canada, Minneapolis, Minnesota, United States, 55400
Job Summary
Job Description
What is the opportunity?
The Senior Manager, Control Testing and Management will be responsible for designing, implementing, and executing the RBC Wealth Management-US (WM-US) control testing and management program in accordance with the RBC Internal Controls Management Policy (ICMP) and other Enterprise risk frameworks and standards.
This high-visibility role and team will lead WM-US’ First Line of Defense control environment testing and management function, and in particular, perform control testing, assessments, and other control assurance activities to help ensure the design and operative effectiveness of firm controls, while maintaining the firm’s control inventory, helping to ensure firm controls are documented accurately.
The Senior Manager, Control Testing and Management will work closely with a variety of partners across lines of business and functional groups to execute the control testing and management program, performing critical risk management activities and helping the firm achieve its business objectives.
What will you do?
Develop and maintain subject matter expertise under our ICMP, both with respect to control testing and control management; design and implementation of new control testing program expected within 3 – 6 months of hire
Develop testing calendar for 12-18 months following hire for initial lifecycle of testing, plus go-forward, ongoing calendar for recurring annual and new control testing
Draft procedures, templates, reference guides, etc., for executing design and operating effectiveness assessments and other aspects of testing
Lead testing kickoff and close out meetings with control owners to communicate plan and expectations, summarize findings/issues, lead discussions, and address questions/concerns
Negotiate findings and issues to be raised with control owners and their leadership, including issuing closing memos with observations, findings and/or issues from testing
Open formal operational risk issues for identified findings and issues from testing
Hire, train and manage Senior Business Risk Analyst(s) to perform bulk of testing
Perform and otherwise assist with testing as needed, especially initially
What do you need to succeed?
Must-have
Bachelor’s degree in finance, business, or related field and proficiency in Microsoft Office Suite
Progressive experience in the financial services industry, with knowledge of industry processes, including qualitative analysis and quantitative research, demonstrated success in directing and leading projects and initiatives.
Strong knowledge of leading operational risk practices and regulatory expectations, including with respect to controls.
Skill and judgment to be able to deal effectively with and influence business partners, stakeholders, and senior management.
Proven skill in handling conflict, strategic thinking and decision making in a time-sensitive environment, meticulous attention to detail and strong written and verbal communication skills.
Nice-to-have
Three or more years of people management experience.
Experience working in US wealth management broker-dealer risk and/or compliance.
Series 7; Series 63/65 or 66; and Series 9/10 or Series 24.
JD or other professional degree.
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
Flexible work/life balance options
Opportunities to do challenging work
Opportunities to take on progressively greater accountabilities
Access to a variety of job opportunities across business
Job Skills
Communication, Financial Instruments, Fraud Risk Management, Long Term Planning, Operational Risks, Project Management, Risk Control, Risk Management
Additional Job Details
Address:
250 NICOLLET MALL: MINNEAPOLIS
City:
Minneapolis
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
WEALTH MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2024-08-05
Application Deadline:
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 CommunityStay 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.
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Job Description
What is the opportunity?
The Senior Manager, Control Testing and Management will be responsible for designing, implementing, and executing the RBC Wealth Management-US (WM-US) control testing and management program in accordance with the RBC Internal Controls Management Policy (ICMP) and other Enterprise risk frameworks and standards.
This high-visibility role and team will lead WM-US’ First Line of Defense control environment testing and management function, and in particular, perform control testing, assessments, and other control assurance activities to help ensure the design and operative effectiveness of firm controls, while maintaining the firm’s control inventory, helping to ensure firm controls are documented accurately.
The Senior Manager, Control Testing and Management will work closely with a variety of partners across lines of business and functional groups to execute the control testing and management program, performing critical risk management activities and helping the firm achieve its business objectives.
What will you do?
Develop and maintain subject matter expertise under our ICMP, both with respect to control testing and control management; design and implementation of new control testing program expected within 3 – 6 months of hire
Develop testing calendar for 12-18 months following hire for initial lifecycle of testing, plus go-forward, ongoing calendar for recurring annual and new control testing
Draft procedures, templates, reference guides, etc., for executing design and operating effectiveness assessments and other aspects of testing
Lead testing kickoff and close out meetings with control owners to communicate plan and expectations, summarize findings/issues, lead discussions, and address questions/concerns
Negotiate findings and issues to be raised with control owners and their leadership, including issuing closing memos with observations, findings and/or issues from testing
Open formal operational risk issues for identified findings and issues from testing
Hire, train and manage Senior Business Risk Analyst(s) to perform bulk of testing
Perform and otherwise assist with testing as needed, especially initially
What do you need to succeed?
Must-have
Bachelor’s degree in finance, business, or related field and proficiency in Microsoft Office Suite
Progressive experience in the financial services industry, with knowledge of industry processes, including qualitative analysis and quantitative research, demonstrated success in directing and leading projects and initiatives.
Strong knowledge of leading operational risk practices and regulatory expectations, including with respect to controls.
Skill and judgment to be able to deal effectively with and influence business partners, stakeholders, and senior management.
Proven skill in handling conflict, strategic thinking and decision making in a time-sensitive environment, meticulous attention to detail and strong written and verbal communication skills.
Nice-to-have
Three or more years of people management experience.
Experience working in US wealth management broker-dealer risk and/or compliance.
Series 7; Series 63/65 or 66; and Series 9/10 or Series 24.
JD or other professional degree.
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
Flexible work/life balance options
Opportunities to do challenging work
Opportunities to take on progressively greater accountabilities
Access to a variety of job opportunities across business
Job Skills
Communication, Financial Instruments, Fraud Risk Management, Long Term Planning, Operational Risks, Project Management, Risk Control, Risk Management
Additional Job Details
Address:
250 NICOLLET MALL: MINNEAPOLIS
City:
Minneapolis
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
WEALTH MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2024-08-05
Application Deadline:
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 CommunityStay 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.
#J-18808-Ljbffr