Manager ensuring best-in-class Operational Risk partnering practices at RBC. Providing management with key risk insights to enable sound business decisions in Wealth Management Europe.
Responsibilities
Work closely with Senior Managers to ensure that RBC standards and requirements are met
Manage a team of analysts to assist in partnering with key stakeholders to deliver the operational risk framework across WME
Using standardized thematic reporting, you will provide key stakeholders with insights into how the control environment can be strengthened
Operational Risk Events (OREs) – support key stakeholders in identifying, raising, and analyzing OREs, identifying common themes, and clearly articulating root cause and next steps
Issues Management – support key stakeholders in complying with RBC Enterprise Issue Management standard
Perform quality assurance checks on all new issues and actions to ensure problem statements are adequately documented, actions adequately address the problem statement
Ensure evidence for action closure is adequate and adequately addresses the control gaps captured in the problem statement
Change Management – support key stakeholders in performing risk profiles for change initiatives
Ensure risks are adequately rated, controls are identified, and where gaps exist, issues are raised to ensure adequate control implementation
Capture control additions, changes, retirements in the RCSA
Support the annual RCSA cycle – under guidance from the RCSA lead, execute the roll-out of the RCSA process to business partners, ensuring that risks are appropriately documented, controls identified to mitigate the risks, and issues raised where there is a gap in controls
Support the annual WME Risk Appetite Refresh cycle, ensuring delivery of an insightful set of metrics that adequately support the business in preventing and detecting key operational risks
Contribute to WME Quarterly Risk Reporting, KRI reporting, deep dive and thematic risk reviews and periodical reporting
Liaise with the wide team, 2LoD and central reporting team on collating, validating and analysing data
Drive the continuous improvement effort by proactively identifying enhancement and/or optimization opportunities within existing processes
Looks within and outside RBC for best practices in supporting enhanced risk management and thematic analysis
Keeps abreast of the RBC framework changes and industry benchmarks; and integrating learnings into business practice
Contribute to and drive team efforts to impact, influence and drive a standardised/best-in-class approach to operational risk management, prioritising consistency, efficiency and reusability
Build and maintain employee value proposition, position group as a premier career choice for talent
Develop junior staff members to create a talent pool for WME through coaching, development and thought leadership
Requirements
Must-have Proven Relationship Management / Business Development skills
Strong experience in risk management practices, including RCSA, Risk Issue Management, Operational Risk Event Management, Risk Reporting, Risk Appetite, and Key Risk Indicator's (KRI's), and risk thematic reviews
Understanding of Enterprise Risk and Operational Risk Frameworks
Capable of managing multiple responsibilities, meeting tight deadlines and ability to work under pressure
Financial / Data Orientation
Nice to have CISI, ICA, IRM Certification, Risk Management or Accountancy qualifications
Benefits
Leaders who support your development through coaching and managing opportunities
Opportunities to work with the best in the field
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
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