What is the Opportunity?

This role is part of Group Risk Management – U.S. Enterprise Risk, supporting the coordination of independent risk oversight of the RBC U.S. strategic plan and execution of the Strategic Risk Management framework for the Combined US Operations (CUSO), RBC’s Intermediate Holding Company (RIHC) and branches within the U.S. This role will provide oversight and guidance to the lines of business (LoB)s, coordinate with GRM functions in the US and Canada and assist in reviewing strategic transactions and understanding developments that could represent strategic risks to RBC US.

What will you do?

• Coordinate with stakeholders at LoBs to rationalize various strategic risk management policies to the CUSO level

• Coordinate with stakeholders at Enterprise to ensure CUSO level policies and standards align to enterprise requirements

• Annually coordinate second line of defense review and challenge of the RBC US strategic plan

• Provide guidance as necessary on review and challenge documentation requirements

• Aggregate and prepare consolidated second line of defense independent assessment of CUSO strategic plan for management and board committees

• Coordinate Periodic Strategy Reviews to monitor progress on execution of strategic initiatives and alignment to Risk Appetite

• Assist with periodic reviews and requests for information from Internal Audit and various stakeholders across risk

• Implement Enterprise policy & standards associated with change risk (Proposed funding and transaction approval requests, New or Changed product review and other programs or initiatives that drive change across the organization) at CUSO and tailor requirements as appropriate for the US

• Develop New Initiatives reporting for senior management and the Board

• Coordinate with stakeholders at the Enterprise, across Risk Stipes and at the LoBs

What do you need to succeed?

• Required: 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.

• Knowledge of one or more key risk discipline (e.g., Enterprise, Market, Counterparty, Credit, Liquidity and Operational Risk)

• Experience with Strategic Planning or Strategic Risk oversight

• Experience developing processes and controls related to Heightened Standards or Reg YY will be prioritized

• Strong written and verbal communication skills

• Ability to influence multiple stakeholders at different levels of an organization

• Experience managing complex projects and initiatives

• In-depth knowledge of MS Office

Preferred Qualifications:

• 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 build close relationships with clients

The good-faith expected salary range for the above position is $110,000 - $190,000 (NJ) depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

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

#LI - POST

Job Skills

Business, Credit Analysis, Investment Risk Management, Market Risk, Operational Risks, Project Management, Quantitative Methods, Risk Control, Risk Management, Strategic Initiative, Strategic Risk Management

Additional Job Details

30 HUDSON STREET:JERSEY CITYJersey CityUnited States of America40Full timeGROUP RISK MANAGEMENTRegularSalaried2024-07-242024-09-25