Associate Director, GRM - Wealth Management Canada

RBC • Toronto, ON

4d • Onsite

About The Position

Group Risk Management (GRM) is responsible for providing independent and objective oversight of the management of significant risks arising from RBC’s businesses and operations. This role, reporting to the Director, GRM – Wealth Management Canada, involves various risk oversight and governance activities for Wealth Management business lines in Canada, including Direct Investing, Retail Brokerage and Advisory, Trust and Estate, and Asset Management. The focus is on risk identification and assessment through risk reporting, risk policies, credit portfolio management, and performing oversight for cash and balance sheet related risk themes like liquidity and interest rate risk. The individual will collaborate with internal stakeholders and risk centers of governance to promote a best-in-class risk monitoring and oversight environment covering financial and non-financial risks.

Requirements

• Strong proficiency in Microsoft PowerPoint (presentation design, storytelling) and Excel (data analysis, reporting templates).
• 6+ years experience in financial services with 2+ years of related experience in an enterprise or specialist risk control function (eg market risk, credit risk, liquidity risk, capital or operational risk).
• Proven communication skills (both writing and verbal)
• Ability to prioritize in a fast moving, high pressure, changing environment.

Nice To Haves

• MBA, MA, MS or equivalent with emphasis in finance, risk management, data science, or a quantitative discipline is preferred.
• Working knowledge in wealth management and custody and the associated products, offerings, and risks.
• 1 or more Financial Designations (ie CFA, FRM, CSC, CPA, etc)
• Experience with Python, SQL, Tableau, PowerBI or other data visualization tools.
• Working experience presenting to senior level audiences

Responsibilities

• Providing effective second line risk oversight of the Wealth Management business in Canada including but not limited to: Market Risk, Credit Risk, Liquidity Risk, Balance Sheet Risk, Operational Risk, Cyber Risk, IT Risk and Third-Party Risk.
• Collate, challenge and execute enterprise risk reporting for WM Canada management committee, risk committees, legal entity executive committees and boards.
• Deliver strategic risk insights by continuously monitoring portfolio and macroeconomic shifts, to extract value-added risk insight for senior management.
• Pro-actively investigate risks and perform deep dives to provide clear and comprehensive analysis to senior management on risk trends and concerns to influence decision making at senior leadership levels.
• Working with the director, prepare and present data-driven risk analyses and key findings for senior leadership, to support strategic decision-making.
• Contribute to the development of risk policies and establishing risk tolerance limits in conjunction with the business and other risk teams ensuring policies/limits remain current, comprehensive and clearly understood by all business partners.
• Facilitate business growth through the review and assessment of new products, strategies or significant deals ensuring the risks are in line with RBC’s risk tolerance while recommending and implementing appropriate risk mitigating controls.
• Provide strategic support to senior leadership on critical enterprise risk matters impacting Wealth Management Canada, encompassing regulatory developments, lead / participate in broader Wealth Management and enterprise initiatives, and special projects.

Benefits

• A comprehensive Total Rewards Program include competitive compensation and flexible benefits
• 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.
• You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

What This Job Offers

• Job Type: Full-time
• Career Level: Director