Associate - Operational Risk, Controls & Governance

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Job Title

Associate - Operational Risk, Controls & Governance

What is the opportunity?

As a member of the Capital Markets (CM) Operational Risk Controls & Governance (ORC&G) group, you will contribute to the maintenance of an effective operational risk management program within CM, focusing on control assurance by ensuring the consistent application of the Operational Risk Framework and associated policies in the business and support a culture of risk ownership, awareness and management in the business and functions.

You will understand the material risks to the business processes in existence in order to provide value-add contribution to the Front Office-led Risk and Control Self-Assessments (RCSAs), including conducting comparative analysis across the various operational risk tools to support conclusions and a comprehensive view of the business units’ operational risk profiles.

What is the opportunity?

• In accordance with the RBC Internal Controls Management Policy (ICMP) and Regulatory Compliance Management (RCM) Program, provide guidance to control owners on effective control assurance activities, including supervisory controls;
• Provide guidance to CM control owners on control documentation standards, in accordance with the ICMP and RCM Program.
• Accountable for the Capital Markets operation governance and reporting processes (e.g., Mandatory Absences, KRIs, Third Party Risk), liaise with business stakeholders and ensure compliance with the GRM global operational risk standard and framework requirements;
• Support the design, analysis, documentation and implementation of CM report automation or process improvement, and provide a holistic, value-added operational risk profile across Capital Markets and the Lines of Business.
• Support Chief Operating Officer (COO) and other CM businesses in the capture, analysis and reporting of Operational Risk Events (OREs) within Archer, per Standing Order requirements;
• Responsible for the development, production of monthly and quarterly Operational Risk reporting with trend analysis and commentaries with business insights to support Regional, Legal Entities, and Line of Business governance reporting requirements;
• Control Assessment:
• Conduct trigger-based business risk and control assessments to analyze end-to-end root cause and control/process gaps, and working with stakeholders (Front Office, Operations, CM IT and Functional units) to identify appropriate action plans to address control/process gaps;
• Act as a conduit between Control Owners, and the RCSA Program 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;
• Provide supporting analysis of the design of CM-wide tools that assist the 1st line of Defence in managing and mitigating operational risk; and ensure alignment and consistency in the regional execution of operational risk tools, processes and practices with the global ORC&G approach;
• Change Management:
• 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.
• Support the Vice President, Director and Managing Director ORC&G through participation in projects to review and implement new enterprise policies that impact Capital Markets in North America which may include assisting in the establishment of procedures/guidelines, liaising with internal and/or external parties to understand requirements and define parameters;
• Document and communicate business/technical requirements, manage the pipeline of enhancements, and providing supporting information as required for maintenance;
• Keep abreast of other programs in CM and across the enterprise which can be leveraged to minimize duplication and the impact to the assessed units;
• Support the Vice President, Director and Managing Director ORC&G in establishing CM specific procedures to support effective program execution, conclusion and usage in accordance with enterprise-wide requirements.
• Provide support for training and awareness programs to ensure there is clear understanding of the importance of internal control management across the business and functions including clear communication of expected conduct, behaviours and roles and responsibilities;
• Operational Risk Program support:
• Reporting:

What you need to succeed?

• Strong analytical skill and experience using business analysis and database querying tools
• Good knowledge of trading, lending and investment banking businesses with particular emphasis on the control environment as it relates to Front Office, Operations, financial and management reporting, and market/credit risk and compliance monitoring
• Ability to work independently and without immediate supervision
• Strong presentation, communication (verbal and written), and interpersonal skills
• Ability to handle multiple tasks/priorities
• Bachelor’s degree in Computer Science, Business Administration or Finance preferred
• General IT awareness
• Good knowledge of operational risk management industry best practices for Capital Markets products
• Previous FO, functions and/or Audit or Risk Management experience is an asset

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.

• Work in a dynamic, collaborative, progressive, and high-performing team
• Leaders who support your development through coaching and managing opportunities
• Flexible work/life balance options
• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
• Opportunities to do challenging work

Job Summary

Address:

TORONTO, Ontario, Canada

City:

CAN-ON-TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Capital Markets

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2023-06-01

Application Deadline:

2023-06-14

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.

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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