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This role is key in ensuring best-in-class, industry leading Operational Risk partnering practices, providing management with key risk insights to enable sound business decisions in Wealth Management Europe (WME). Through effective understanding of RBC’s risk management framework, industry techniques, stakeholder engagement and collaboration with our broader Operational Risk Management colleagues, the Manager will deliver risk management advisory services to stakeholders at various levels of the organisation. The key areas of focus will be operational risk events management, issues management, focusing on internal control deficiencies, assessing risk and control environment through the annual RCSA, integrated risk profiles and regular risk reporting, incl. risk appetite measures and key risk indicators.
Job Responsibility:
Work closely with the WME OR Senior Managers to ensure that RBC standards and requirements are met for the ORM programme elements
Manage a team of analysts to assist in partnering with key stakeholders to deliver the operational risk framework across WME
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
Change Management – support key stakeholders in performing risk profiles for change initiatives
Support the annual RCSA cycle – under guidance from the RCSA lead, execute the roll-out of the RCSA process to business partners
Support the annual WM Risk Appetite Refresh cycle, ensuring delivery of an insightful set of metrics
Contribute to WME Quarterly Risk Reporting, KRI reporting, deep dive and thematic risk reviews and periodical reporting
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
Contribute to and drive team efforts to impact, influence and drive a standardised/best-in-class approach to operational risk management
Requirements:
Degree educated
Strong knowledge of investment products, portfolio management, trade flows, and investments regulation such as MiFID II
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 KRIs, and risk thematic reviews
Understanding of Enterprise Risk Frameworks and Operational Risk Frameworks
Creative skills – thinks about interesting and engaging ways to get work done
Framing / Story Telling
Capable of managing multiple responsibilities, meeting tight deadlines and ability to work under pressure
Nice to have:
CISI, ICA, IRM Certification, Risk Management or Accountancy qualifications
RBC Organizational awareness (UK / Global)
What we offer:
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