Operational Risk & Control Manager at RBC focusing on risk management practices and driving smarter business decisions. Delivering high - quality risk insights and supporting leadership in risk control initiatives.
About the role
- Manager ensuring best-in-class Operational Risk partnering practices at RBC. Providing management with key risk insights to enable sound business decisions in Wealth Management Europe.
Responsibilities
- Work closely with Senior Managers to ensure that RBC standards and requirements are met
- Manage a team of analysts to assist in partnering with key stakeholders to deliver the operational risk framework across WME
- Using standardized thematic reporting, you will provide key stakeholders with insights into how the control environment can be strengthened
- Operational Risk Events (OREs) – support key stakeholders in identifying, raising, and analyzing OREs, identifying common themes, and clearly articulating root cause and next steps
- Issues Management – support key stakeholders in complying with RBC Enterprise Issue Management standard
- Perform quality assurance checks on all new issues and actions to ensure problem statements are adequately documented, actions adequately address the problem statement
- Ensure evidence for action closure is adequate and adequately addresses the control gaps captured in the problem statement
- Change Management – support key stakeholders in performing risk profiles for change initiatives
- Ensure risks are adequately rated, controls are identified, and where gaps exist, issues are raised to ensure adequate control implementation
- Capture control additions, changes, retirements in the RCSA
- Support the annual RCSA cycle – under guidance from the RCSA lead, execute the roll-out of the RCSA process to business partners, ensuring that risks are appropriately documented, controls identified to mitigate the risks, and issues raised where there is a gap in controls
- Support the annual WME Risk Appetite Refresh cycle, ensuring delivery of an insightful set of metrics that adequately support the business in preventing and detecting key operational risks
- Contribute to WME Quarterly Risk Reporting, KRI reporting, deep dive and thematic risk reviews and periodical reporting
- Liaise with the wide team, 2LoD and central reporting team on collating, validating and analysing data
- Drive the continuous improvement effort by proactively identifying enhancement and/or optimization opportunities within existing processes
- Looks within and outside RBC for best practices in supporting enhanced risk management and thematic analysis
- Keeps abreast of the RBC framework changes and industry benchmarks; and integrating learnings into business practice
- Contribute to and drive team efforts to impact, influence and drive a standardised/best-in-class approach to operational risk management, prioritising consistency, efficiency and reusability
- Build and maintain employee value proposition, position group as a premier career choice for talent
- Develop junior staff members to create a talent pool for WME through coaching, development and thought leadership
Requirements
- Must-have Proven Relationship Management / Business Development skills
- Strong experience in risk management practices, including RCSA, Risk Issue Management, Operational Risk Event Management, Risk Reporting, Risk Appetite, and Key Risk Indicator's (KRI's), and risk thematic reviews
- Understanding of Enterprise Risk and Operational Risk Frameworks
- Capable of managing multiple responsibilities, meeting tight deadlines and ability to work under pressure
- Financial / Data Orientation
- Nice to have CISI, ICA, IRM Certification, Risk Management or Accountancy qualifications
Benefits
- Leaders who support your development through coaching and managing opportunities
- Opportunities to work with the best in the field
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
Job title
Job type
Experience level
Salary
Not specified
Degree requirement
Location requirements
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