Associate Director, US Risk Governance & Reporting

What is the Opportunity?

This role is part of Group Risk Management – U.S. Risk Governance & Reporting team within Enterprise Risk. The Associate Director will be responsible for managing risk reporting to the RIHC Board and its committees. 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?

Must have

• 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.

• 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, 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).

Nice to have:

• Preferred: Master’s degree in business, Finance, Law or other related fields or Risk Management certification (e.g. FRM)

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, commissions, and stock where applicable

• 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 building close relationships with clients

The expected salary range for this particular position is $120,000-$200,000 (New Jersey) depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

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

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.