Director, US Strategic Risk, CCAR and Resolution Planning, Royal Bank of Canada (US), Jersey City, NJ:

RBC•Jersey City, NJ

6d•Hybrid

About The Position

The Director, US Strategic Risk, CCAR and Resolution Planning role at Royal Bank of Canada (US) in Jersey City, NJ, is responsible for creating and maintaining an oversight program and requirements for Comprehensive Capital Analysis and Review (CCAR) and Resolution Planning. This role involves coordinating with stakeholders at both the Line of Business (LoB) and Enterprise levels to rationalize policies and standards for the Combined U.S. Operations (CUSO) and ensure alignment with enterprise and regulatory requirements. The position serves as a central point of contact within the 2LOD CUSO Group Risk Management for Resolution Planning. Key activities include assisting in the annual second line of defense review and challenge, consolidated reporting, and periodic monitoring of the RBC US strategic plan. The role also involves preparing consolidated review and challenge assessments of CUSO CCAR/Capital Plan and Resolution Planning, and implementing Enterprise policy and standards associated with change risk at the CUSO level, tailoring requirements for the US market. This includes rationalizing change risk processes across CUSO to streamline approvals, enhance consistency, and ensure appropriate management of change risk. Telecommuting is permitted up to one day per week.

Requirements

Bachelor’s degree in Business, Finance, Law or a related field and 7 years of related work experience. Employer will accept a 3- or 4-year bachelor's degree.
7 years of experience in risk management or first line of defense roles with direct involvement in CCAR and Resolution Planning within financial services organizations.
3 years of experience in CCAR processes, and in Category III or IV banking institutions.
At least in one key risk discipline (Enterprise, Market, Counterparty, Credit, Liquidity, or Operational Risk), with experience in applying this knowledge to regulatory compliance or risk assessment.
Developing, implementing, and maintaining processes and controls related to Heightened Standards or Regulatory YY, including process redesigns or control implementations.
Negotiating with stakeholders at multiple organizational levels, including cross-departmental collaboration for risk or compliance initiatives.
Supporting or leading periodic strategy reviews, with a documented history of monitoring and reporting on strategic initiatives regarding risk management or compliance.
Interpreting and tailoring enterprise policies and standards for change risk management, with experience in change initiatives involving funding, transactions, or product changes.
Working with internal audit and regulatory bodies, with audits or reviews.
2 years of experience in resolution planning, including development, coordination, or oversight, with a track record of managing or supporting full cycle planning efforts.
Any suitable combination of education, training or experience.

Nice To Haves

Business Analytics
Decision Making
Financial Risk Management (FRM)
Operational Delivery
Quality Management
Results-Oriented
Risk Management
Strategic Thinking

Responsibilities

Create and maintain an oversight program and requirements for Comprehensive Capital Analysis and Review (CCAR) and Resolution Planning.
Coordinate with stakeholders at Line of Business (LoB) to rationalize various CCAR, Capital management, resolution planning policies, and standards for the Combined U.S. Operations (CUSO) level.
Coordinate with stakeholders at Enterprise to ensure CUSO level policies and standards align to enterprise and regulatory requirements.
Serve as the central point of contact and coordination point within 2LOD CUSO Group Risk Management for Resolution Planning.
Assist in the annual second line of defense review and challenge and consolidated reporting and periodic monitoring of the RBC US strategic plan.
Prepare consolidated review and challenge assessments of CUSO CCAR/Capital Plan and Resolution Planning.
Implement Enterprise policy and standards associated with change risk at CUSO and tailor requirements as appropriate for the US.
Rationalize various change risk processes across CUSO to simplify approval processes, create greater consistency and ensure appropriate management of change risk.