What are the responsibilities and job description for the Operational Risk Analyst position at Royal Bank of Canada?
Job Summary
Job Description
What is the Opportunity?
Operating within RBC Bank’s 1st Line of Defense, this role partners with RBC Bank business units to execute risk assessments for new or amended products, projects and initiatives including product reassessments and leads support for reportable RBC Bank Operational Risk Events (OREs). Managing the coordination of risk assessment discussions with functional business partners, the incumbent will ensure that the business clearly articulates risks and controls and determines the inherent and residual risk ratings appropriately; assists the business with understanding risk management; manages the risk assessment pipeline; tracks approval conditions to completion; and escalates any issues to senior management. Additionally, the role ensures Operational Risk Events are thoroughly documented including supporting issues and root causes analysis. Finally, this role will provide support for the execution of the RCSAs.
What will you do?
This role is responsible for providing first line of defense Operational Risk expertise, guidance and support across all RBC Bank units in the following areas :
Operational Risk Event Program
Manage Operational Risk Event (ORE) Intake process
Direct the preparation of the root cause analysis
Schedule and Manage ORE review and discussion process
Ensure ORE is complete, issues and action logged and track Condition of Approval.
Perform reconciliation of OREs to General Ledger accounts
Maintain job aids and support documentation
New Initiative / Product Risk Assessments
Manage Risk Triage Assessment (RTA) Intake process for Projects and Initiative
Maintain Risk Assessment Forum (RAF) Schedule
Ensure RTA sign-offs are complete, issues and action logged and track Condition of Approval.
Maintain RTA Library
Maintain Product reassessment pipeline
Maintain job aids and support documentation
Risk Register & RCSA Support
Provide support for Risk Registers and Risk Assessments
Support key risk indicators for 1LOD metrics
Update business unit hierarchy
Collaborate and advise stakeholders on correct taxonomy usage
Maintain job aids and support documentation
What do you need to succeed?
Minimum 5 years work experience with financial services with 3 years in risk management (e.g. operational risk, compliance, technology risk, etc.)
Demonstrated ability to work with business and functional leaders, internal auditors, and technology groups.
Strong interpersonal, verbal and written communication skills
Solid risk and regulatory knowledge with respect to US banking.
Highly developed organizational and follow-up abilities with the capability to multi-task
Solid understanding of operational risk processes
Technology savvy with excellent working knowledge of MS Office applications (e.g. Excel, Powerpoint, Word)
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#LI-Post#LI-Hybrid#TECHPJ
Applications will be accepted until 11 : 59 PM on the day prior to the application deadline date above
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.
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