Senior Manager, Business Risk Governance

September 10 2024
Industries Bank, Insurance, Financial services
Categories Bank, Insurance, Financial services, Certification, Audit, Credit, Risk, Management, Administration
Toronto, ON • Full time

Job Summary

Job Description

What is the opportunity?

The Senior Manager, Business Risk Governance, supports the required routines and activities that are necessary to ensure the proper governance of risk issues (regulatory, operational, and internal audit), risk events, regulatory initiatives, and of the PBI portfolio of projects and initiatives that are funded by the business and the RRRB.

  • Maintains a consolidated view of all risk issues and events, regulatory initiatives, and projects and initiatives across the PBI business units.

  • Develops the materials required for presentation/discussion in scheduled governance meetings with PBI business units and functional partners, including GRM, ORM, Compliance, and Tax Advisory Group.

  • Contributes toward the monthly and quarterly Business Risk & Regulatory reviews, and the quarterly PBI business review.

  • Works closely with the members of the Business Risk & Governance team who are leading initiatives to track and monitor progress for inclusion in required reports.

  • Provides analysis in support of planning and decision management, contributing meaningful insights and informing sound business decisions.

  • Assists in the sustainment of a disciplined & consistent risk culture through the creation of risk awareness and training programs, and messaging campaigns across PBI.

  • Supports the LOB quarterly risk appetite reporting cycles by partnering with the LOB to obtain required metrics, commentary, and action plans for any breaches that have occurred during the quarter.

  • Acts as the Control Owner delegate for controls linked to the required implementation of Enterprise policies and standards

What will you do?

Governance

  • Understands and reports on timely and effective resolution of all known risk issues (self-identified, risk appetite breaches, Operational Risk Management assessment, regulatory, Compliance, Internal Audit, and Quality Assurance).

  • Engages with program and initiative teams, as well as second line partners, to ensure projects are resourced appropriately & status of projects reported on regularly.

  • Develops reports and/or provides analysis in support of risk issues such as audit queries, and operational issues/events, control gaps (ex: Anomaly reporting).

  • Develops reports required to review/renew Risk Acceptances prior to expiry

Risk Culture

  • Assists directly with monitoring risk culture and capabilities of personnel, identifies areas for skill development and where required implements training, knowledge building and best practice sharing to build capability.

  • Creates annual risk training and communication plan for the PBI business.

    • creates key risk messages and training for the PBI.

    • monitors risk culture and capabilities within the PBI, identifies areas for skill development and where required implements training, knowledge building, collaborating with partners and functional areas to leverage expertise.

Enterprise Policy Management/Implementation

  • Regularly reviews Enterprise Policies and assesses impact of any changes on LOB and creates execution strategies which ensure efficiency and effectiveness within PBI

  • Effectively communicates and manages any impacts of Enterprise Policy changes across PBI.

  • Monitors required controls and executes activities as mandated by Enterprise policies that impact horizontally across PBI

What do you need to succeed?

Must have:

  • Minimum 5-7 years' experience in financial services sector

  • Strong understanding of risk management principles

  • Strategic thinking

  • Proven problem solving and analytical skills

  • Ability to work effectively in cross-functional team—with business and functional partners

  • Strong written and verbal communication skills

  • Innovation mindset and strong work ethic

  • Excellent analytical and problem-solving skills

  • Inquisitive nature

  • Undergraduate degree in business or related discipline

Nice to have:

  • Solid working knowledge of banking operations and the financial services regulatory landscape, ideally with several years' experience in Risk Management, Compliance or Internal Audit.

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.

  • Ability to make a difference and lasting impact

  • Work in a dynamic, collaborative, progressive, and high-performing team

  • Opportunities to do challenging work

Job Skills

Adaptability, Analytical Acumen, Analytical Thinking, Critical Thinking, Cross-Functional Partnerships, Curiosity, Detail-Oriented, Management Reporting, Personal Initiative, Planning Ability, Problem Solving, Risk Management Analysis, Risk Management Principles, Written Communication

Additional Job Details

Address:

RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

PERSONAL & COMMERCIAL BANKING

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-09-10

Application Deadline:

2024-09-24

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.
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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.

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