Director, Global Credit (Retail) Internal Audit

Royal Bank of Canada•Toronto, ON

7d•Onsite

About The Position

As Director, Internal Audit – Global Credit (Retail), you will lead a team and assess the effectiveness of internal controls, governance and credit risk management practices across first and second line of defense for Retail Credit portfolios globally within RBC. You will work with key partners across Internal Audit in Canada (Personal Banking, Operations, IT, Model, GRM Audit), the Caribbean, US RBC Bank and CNB as well as US Credit Risk Review to deliver on this mandate and act as a trusted advisor to the business while remaining objective and independent as the Third Line of Defense. Internal Audit is part of the RBC Chief Audit Executive (CAE) Group which leverages a unique perspective —with a coordinated view across the entire business— to deliver valuable advice that not only gives assurance, but that illuminates a bigger picture, connects dots, builds best practices, and broadens possibilities. We connect intelligence to protect and enable RBC.

Requirements

10+ years of experience in retail credit risk management, knowledge of risk management regulation framework. In-depth knowledge of Retail Banking: credit products, risk management lifecycle, operations, and the first, second and third-line model of defense.
Global mindset, strong leadership presence and people management skills, with excellent communication skills.
Excellent knowledge of Credit Risk Management: risk management processes i.e. governance, risk assessment, retail risk management life cycle, credit portfolio management, IFRS9 provisioning.
Demonstrated expertise and deep knowledge of internal audit including risk-based audit plan development, proven ability to identify risks and assess the effectiveness of internal controls, engagement management, report and issue writing, managing executive level client meetings and relationships.
Strong client relationship management project and audit engagement management capabilities
Data analytics and AI skills/mindset to drive insights

Nice To Haves

Graduate Degree in Business/Finance, Professional Accounting or Audit certification (e.g. MBA, CPA, CFA, FRM, CIA).
Audit experience in a leadership role

Responsibilities

Oversee all aspects of an audit including planning, execution and reporting:
Provide oversight of Audit Lead and a team of multi-disciplinary auditors assigned to the engagement for sufficient scope, accuracy and alignment with Internal Audit methodology.
Ensure adequate coverage of key risk areas to support an overall opinion on internal controls and risk management practices to Senior Management.
Ensure the breadth and scope of audit documentation including audit issues are complete, accurate with the sufficiency and appropriateness of the evidence obtained to support the conclusion.
Support management in developing robust action plans to address deficiencies and ensure corrective actions are implemented in a timely manner to effectively address the issues.
Contribute to the annual audit planning and risk assessment processes and ensure adequate coverage of key risk areas. Also identify opportunities for Internal Audit to provide assurance or advisory services consistent with its role to evaluate and improve risk management, control, and governance processes.
Act as Global Retail Credit COE to provide credit support and liaison regional coverage such as Caribbean and US RBC Bank, work with US Credit Risk Review (CRR) team to ensure comprehensive coverage and drive efficiency.
As a strategic thinker, develop new assurance strategies and data-driven approaches to produce risk and control insights for business partners, and increase Internal Audit’s efficiency and effectiveness.
Keep abreast of organizational, regulatory, product, strategic and financial changes and/or trends through continuous monitoring and assessing their impact on assigned business units.
Lead, coach and further develop a team of internal audit professionals. Contribute to creating and maintaining a positive, collaborative, transparent and productive working environment within the team.
Develop and maintain authentic, positive and productive working relationships with senior leadership within the Bank.