Job Summary

Job Description

What is the Opportunity?

The Associate Director, Operational Risk Strategy and Regulatory Readiness will assist in leading the Operational Risk integration strategy and portfolio of work supporting the enhancement of the Combined US Operations (CUSO) Operational Risk governance structure. This role will coordinate US planning and execution of regulatory exams, coordinate regulatory remediation or preparedness projects and internal audits in which CUSO Operational Risk Management is engaged. This will include fostering internal collaboration across CUSO, assessing the impact of existing and proposed regulations across multiple entities and interfacing with internal stakeholders, internal audit and external regulators across the US.

What will you do?

Assist in driving an integrated operational risk strategic roadmap for CUSO, partnering with internal stakeholders as well regional leads across CUSO.

Partner closely across lines of business and 2LOD partners to drive efficiency and connectedness of ongoing projects, as assigned with the lens of operational risk.

Collaborate with management to conduct periodic external research including external auditor, government agency or regulator websites, blogs, articles, third-party services, regulatory compliance organizations/councils, etc. to understand regulatory requirements related to operational risk.

Assist in maintaining regulatory requirements in an inventory that can be used as a reference for development/maintenance of RBCs Operational Risk related frameworks, policies and standards.

Coordinate with Legal and Compliance partners to enhance the completeness and consistency of CUSO’s operational risk interpretation of external information.

Execute periodic reviews of operational risk guidance to evaluate the completeness of incorporation of regulatory requirements in existing governance documents, policies and standards; provide gaps and inconsistencies as input to the policy development, maintenance process and execution of activities across CUSO.

Assist in developing and maintaining portfolio of reporting and presentation materials to articulate the Operational Risk profile and the impact of emerging risks and new regulations to management for delivery to senior management and governance forums.  Oversee execution and tracking for CUSO Operational Resilience work. Create periodic status reporting and other presentation materials on progress against Operational Resilience milestones for management for delivery to senior management and governance forums.

Implement a complete and accurate snapshot to all applicable CROs across CUSO of the state of Operational Risk by preparing and distributing periodic reporting and dashboards.

Evaluate regulatory exam requests, information requests, and regulatory findings to determine the operational risk management and governance related impact.

Coordinate across CUSO of those engaged in the regulatory initiative including ensuring timely achievement of planned milestones and deliverables.

Support the creation of periodic status reporting and other presentation materials on progress against regulatory initiatives milestones for management to deliver to senior management and governance forums in conjunction with the Governance, Risk and Controls (GRC) office.

Regulatory Issue Management: work directly with enterprise stakeholders inclusive of the Governance, Risk and Controls team (GRC) to ensure timely execution of MRA deliverables across CUSO

Facilitate the plan and approach to addressing internal audit exams and findings / remediation

What do you need to succeed?

Bachelor’s Degree in Business, Finance or related field

Minimum 5+ years of experience in Consulting and/or Financial Services

Experience with US Fed, OCC or compliance work effort over operational risk or a related area in the financial services or other regulated industry

Experience working on operational risk management frameworks, policies and standards

Experience engaging in regulatory research and analysis

Working knowledge of operational risk management practices in the financial services or other regulated industry.

Experience in audit and/or effective challenge and oversight functions;

Strong oral communication and presentation skills with extensive experience facilitating discussion

Strong business writing skills relating to frameworks, policies and standards

Strong collaboration and relationship management skills with the ability to manage ambiguity

Effective time management and organizational skills, as well as flexibility to adapt to changing priorities

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 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 Process Design, Decision Making, Operational Risks, Risk Control, Risk Management, Teamwork

Additional Job Details

Address:

GOLDMAN SACHS TOWER, 30 HUDSON STREET:JERSEY CITY

City:

Jersey City

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-09-25

Application Deadline:

2024-11-30

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.
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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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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.