Associate Director, Operational Risk Practice Strategy

Job Summary The primary purpose for the Associate Director role is to ensure effective Enterprise operational risk programs are in place for Scenario Analysis, External Events, and assist with related programs such as Change Risk Assessments, Operational Resilience and other operational risk programs as needed; including Thematic Reviews to ensure programs are aligned to regulatory requirements such as OSFI E-21. This role reports to the Director, Risk Practice Management Strategy to provide operational risk support in facilitating the development, maintenance and monitoring the effectiveness of the operational risk framework and sound risk management practices across all of RBCs business platforms and corporate functions. Further this role works to coordinate regional requirements, and alignment to the Enterprise. This role will also work with the wider Operational Risk Practice Strategy team to support the building out and running of respective practices. Job Description What is the opportunity? The GRM Operational Risk Shared Services Team is responsible for the development, strategic direction, maintenance and monitoring effectiveness of the operational risk program and associated tools and methodology. The primary purpose for the Associate Director role is to ensure effective Enterprise operational risk programs are in place for Scenario Analysis, External Events, and assist with related programs such as Change Risk Assessments, Operational Resilience and other operational risk programs as needed; including Thematic Reviews to ensure programs are aligned to regulatory requirements such as OSFI E-21. This role reports to the Director, Risk Practice Management Strategy to provide operational risk support in facilitating the development, maintenance and monitoring the effectiveness of the operational risk framework and sound risk management practices across all of RBCs business platforms and corporate functions. Further this role works to coordinate regional requirements, and alignment to the Enterprise. This role will also work with the wider Operational Risk Practice Strategy team to support the building out and running of respective practices. What will you do? Support Scenario Analysis, External Events, and assist with related programs such as Change Risk Assessments and Operational Resilience practice goals, objectives, and deliverables for the team based on ORM and Stakeholder priorities, Ensure practice deliverables are met with timeliness and accuracy (e.g., reporting, testing, etc.), Adopt strategic directions of the practices and implement with stakeholders, policies/standard and in tooling and processes, Enable continual improvement of practices, in consultation with and alignment to Risk Practice strategy, including actively seek to simplify requirements where appropriate to enable consistent practices, Develop and evolve the practices to support enterprise risk management, Provide expert advice on operational risk, leveraging insights from operational risk reporting and analytics, independent reviews and industry perspective to ensure RBCs operational risk practices maintains a forward-looking view that considers both managed and emerging risks, Monitor compliance to policy, and communicating exceptions to Advisory & Oversight (A&O) for liaison with 1st LOD and other impacted parties, Actively support business partners in all lines of defence such as business operational leads, the A&O and Centre of Governance, Ensure stakeholders are enabled with appropriate operational risk tools and resources to react proactively regarding the risk practices, Prioritize and facilitate responses to queries and ad hoc requests coming from internal and external stakeholders, Support other areas of the team, as required. What do you need to succeed? Must Have: 5+ years of experience in risk management with deep knowledge of banking regulatory requirements and best practices related to global risk management practices, Experience working in a matrixed environment, managing a diverse group of executive stakeholders, Highly proficient in stakeholder management, change management, strategy development, people management, Strong ability to influence, interpret feedback, motivate, and effect change, Expert in risk management methodologies. Nice to Have: Graduate degree or designation / certification associated with Risk Management, Strong negotiation skills and ability to partner with multiple stakeholders across a matrixed environment, Direct operational risk experience, Whats 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 while minimizing losses to RBC. Leaders who support your development through coaching and managing opportunities Ability to make a difference and lasting impact. Flexible work/life balance options. The location of this role will has not be determined, however the successful candidate will be required to work from an RBC office a minimum of 3 days / week. Work in a dynamic, collaborative, progressive, and high-performing team. Opportunities to do challenging work. Job Skills Business Process Design, Decision Making, Financial Risk Management (FRM), Operational Risks, Risk Control, Risk Management, Teamwork Additional Job Details Address: 20 KING ST W:TORONTO City: TORONTO Country: Canada Work hours/week: 37.5 Employment Type: Full time Platform: GROUP RISK MANAGEMENT Job Type: Regular Pay Type: Salaried Posted Date: 2024-09-26 Application Deadline: 2024-10-12 I nclusion 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. 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. Join our Talent Community Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.