Job Description

What is the Opportunity?

This role is part of Group Risk Management – U.S. Risk Governance and Reporting team within Enterprise Risk. The Associate Director will be responsible for managing various reporting obligation of the US Chief Risk Officer including the U.S. Chief Risk Office Report / Enterprise Risk Report and other risk reporting to the RIHC Board and its committees, including but not limited to the preparation of the U.S. Chief Risk Office Report / Enterprise Risk Report. The Associate Director will provide a key role in ensuring risk reporting to the RIHC Board is in accordance with regulatory expectations and industry best practices.

What will you do?

• Leads the preparation and coordination of reports presented by the U.S. Chief Risk Officer including the quarterly US CRO/ERR report to the Risk Committee of the RIHC Board, US Executive Committee report, and reports prepared for meetings with regulatory bodies.
• Work in collaboration with Risk Contributors and other ERM Program Owners to ensure messaging is clear, and reporting is accurate and sufficient. Provides effective challenge on all risk materials prior to presentation to the RIHC Board and its Committees. Prepares speaking notes for the CRO for the reporting cadence.
• Works with the CUSO Risk Management Committee secretary to ensure proper coordination and escalation of materials to the Board. Works closely with the Subsidiary Governance Office to set and manage the Risk Committee agenda. Provides input on the annual refresh of the Risk Committee mandate as required.
• Interact and communicate with senior management to identify key topics of interest to Risk Committee of the Board including Education sessions, Deep Dives and Risk Lens.
• Builds strong relationships with risk counterparts including RBC Enterprise, CUSO and RIHC legal entities, promoting alignment and consistency of risk reporting.
• Keeps abreast of regulatory developments, industry best practices and leading trends in governance practices. Responds to regulatory, Internal Audit and external survey requests as required (e.g. Federal Reserve, OCC, DTCC etc.)
• As priorities shift within the department, ad-hoc assignments will inevitably occur, and resources are expected to be allocated as needed.

What do you need to succeed?

• 5+ years of experience in reporting as well general knowledge within key risk disciplines e.g. enterprise, financial (market, credit, liquidity) or non-financial.
• Strong organizational awareness, analytical thinking, and attention to detail, preferably with solid knowledge of risk management and/or governance standards & processes (management and/or board level).
• Solid communication skills (both written and oral) and strong diplomatic and interpersonal skills to communicate with multiple stakeholders including senior management.
• Ability to manage well under pressure and tight deadlines; works well with changing priorities in a dynamic small team environment.
• Prior work developing processes and controls related to Heightened Standards or Reg YY will be prioritized.
• In-depth knowledge of MS Office (PowerPoint, Excel and Word).
• Bachelor’s degree in Business, Finance, Law or other related fields
• 5+ years previous experience work in a Risk Management role in a Financial Services organization
• Master’s degree in business, Finance, Law or other related fields or Risk Management certification (e.g. FRM) preferred

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
• 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.
• Opportunities to do challenging work.
• Opportunities to build close relationships with clients.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC’s high-performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

#LI – Hybrid

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