Manager Business Risk for Wealth Management Canada

What is the opportunity?

• Provide support for Wealth Management Canada (WM-CA) Operational Risk management leadership, including providing expertise, advice and counsel to management and WM colleagues, enhancing WM Canada's ability to anticipate and manage operational risks effectively.
• Support the design and execution of essential Operational Risk programs in WM-Canada including event data collection, key risk indicators, management reporting (Operating Committee and Board Reports), Risk Appetite and risk and control identification / assessment.
• Maintain critical linkages with Centres of Governance, 2 ND LoD Operational Risk (GRM OR) and other critical areas of dependency for WM-Canada to facilitate the exchange of information and integrated solutions to operational risk issues.

What will you do?

• Execute Risk & Control Assessments (ERCSAs and URCSAs), including working with clients to develop action plans.
• Lead Targeted reviews through planning, execution, reporting and identifying high quality issues reflecting risk and root causes.

• Document, maintain repository of key controls for high risk processes and test the controls annually for all WM Canada businesses to meet the the Internal Control Management Policy (ICMP) and Regulatory Compliance Management Program (RCM) requirements.
• Internal control testing to ensure regulatory compliance (FATCA, CRS, etc.)

• Assist WMCO management in executing the RPA program within their risk appetite and standards.

• Research and input Operational Risk Events (OREs); gather and validate information provided by business to ensure compliance with ORM standards.

• Report on Operational Risk Appetite for Wealth Management Canada and Key Risk Indicators
• Prepare Quarterly Operating Committee Report for WM Canada and provide input for Legal Entity Board Reporting for the various lines of businesses.
• Monitor outstanding audit and ORM issues to ensure they are on track for completion within required deadline. Review and verify evidence to close issues.

Must Have:

• Professional designation in Risk and/or Finance such as MBA, CPA, CFA.
• University Degree and recognized Industry Qualifications - Industry Securities / Options / Futures/Investment Management or equivalent courses.
• 5-8 years of combined knowledge, skill and background in operational risk practices, audit or compliance functions, securities operations within one or more businesses in WM or comparable businesses.
• Strong problem solving, analytical (including qualitative and quantitative analysis) and research skills are essential as well as advanced desktop skills (e.g. excellent knowledge in application of Microsoft Office, Excel, and PowerPoint).
• Ability to deal effectively with senior managers and multiple stakeholders.
• Strong communication skills and ability to present information effectively.

Nice to Have

• .Excellent knowledge of Wealth Management and RBC's products, processes and organization

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.

• Opportunities to do challenging work, and to gain wide breadth of exposure in the Operational Risk space, including Supplier/Third Party risk, Legal and Regulatory risk, IT risk, Financial Crime & Security risk as well as other aspects of product, financial, project and fraud risk.
• Gain a breadth of experience and exposure to the global WM platform
• Opportunities to take on progressively greater accountabilities
• Opportunities to building close relationships with business leaders.