Associate - Control Testing

What is the opportunity?

As a member of the Capital Markets (CM) Operational Risk Controls & Governance (ORC&G) group, the incumbent will be responsible for conducting control design and operating effectiveness assessments, supporting governance/reporting of control assessment outputs and conclusions, and assisting management as required in the implementation and continuous enhancement of the firm's operational risk framework and activities. The incumbent may be allocated to a specific testing team within a line of business as required (e.g. BCS, Global Markets, C&IB).

What will you do?

• Risk/Control Assessment and Oversight:
  • Execute design effectiveness assessments and/or operating effectiveness assessments for assigned Controls;
  • Conclude on the overall effectiveness of assigned Controls and reporting results to Control Owners;
  • Document control assessment outputs and conclusions in a timely manner, including planned control remediation (issue creation, documentation and closure);
  • Ensure control assessment outputs are accurate and complete;
  • Provide feedback and opportunities for improvements on the design and/or operating effectiveness to the Control Owner, where appropriate, in accordance with the ICMP and RCM Program;
  • In accordance with the RBC Internal Controls Management Policy (ICMP), CM Controls Management Procedure, Regulatory Compliance Management (RCM) Program and Risk & Control Self-Assessment (RCSA) Standards, provide guidance to control owners on effective control assurance activities;
  • Act as a conduit between Risk and Control Owners in order to deliver appropriate communication around Control Assurance in support of the operational risk profile;
  • Working closely with the RCSA Facilitation teams, ensure reporting of control monitoring is reflected appropriately in residual risk assessments aligned to business areas;
  • Proactive review of key processes and associated risks;
  • Maintain CM Control Inventories (Key and non-Key); and

• Change Management:
  • Support ORC&G through participation in projects to review and implement new enterprise policies that impact Capital Markets which may include assisting in the establishment of procedures/guidelines, liaising with internal and/or external parties to understand requirements and define parameters;
  • Liaising with the appropriate Centre of Governance (CoG) groups to provide input into the development of new/changed enterprise policies, clarifying proposed requirements in order to initiate discussions with the in-scope business units to assess the impact on the CM business processes and controls.

• Risk/Control Assessment and Oversight:
  • Execute design effectiveness assessments and/or operating effectiveness assessments for assigned Controls;
  • Conclude on the overall effectiveness of assigned Controls and reporting results to Control Owners;
  • Document control assessment outputs and conclusions in a timely manner, including planned control remediation (issue creation, documentation and closure);
  • Ensure control assessment outputs are accurate and complete;
  • Provide feedback and opportunities for improvements on the design and/or operating effectiveness to the Control Owner, where appropriate, in accordance with the ICMP and RCM Program;
  • In accordance with the RBC Internal Controls Management Policy (ICMP), CM Controls Management Procedure, Regulatory Compliance Management (RCM) Program and Risk & Control Self-Assessment (RCSA) Standards, provide guidance to control owners on effective control assurance activities;
  • Act as a conduit between Risk and Control Owners in order to deliver appropriate communication around Control Assurance in support of the operational risk profile;
  • Working closely with the RCSA Facilitation teams, ensure reporting of control monitoring is reflected appropriately in residual risk assessments aligned to business areas;
  • Proactive review of key processes and associated risks;
  • Maintain CM Control Inventories (Key and non-Key); and

What you need to succeed?

• Bachelor's degree in Computer Science, Business Administration or Finance preferred
• 3 - 5 years of experience in Internal Controls Management and / or managing operational risk.
• Strong analytical skill and experience;
• Strong presentation, communication (verbal and written), and interpersonal skills;
• Good knowledge of operational risk management best practices for Capital Markets products;
• Good knowledge of Capital Markets products, with particular emphasis on the control environment as it relates to Front Office, Operations, financial and management reporting, market/credit risk and compliance monitoring;
• General IT awareness;
• Previous Capital Markets FO, functions and/or Audit/Compliance/Risk Management experience is an asset;
• Ability to work independently and/or in groups;
• Strong project and time-management skills;
• Ability to learn quickly and balance a diverse set of tasks/priorities.

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
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Flexible work/life balance options

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