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

Royal Bank of Canada•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 Line of Business (LoB) stakeholders to rationalize CCAR, Capital management, and resolution planning policies and standards for the Combined U.S. Operations (CUSO) level, ensuring 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 responsibilities 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, implementing enterprise policy and standards for change risk at CUSO, and rationalizing change risk processes across CUSO for simplification and consistency.

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.
3 years of experience in at least one key risk discipline (Enterprise, Market, Counterparty, Credit, Liquidity, or Operational Risk), with experience in applying this knowledge to regulatory compliance or risk assessment.
3 years of experience in developing, implementing, and maintaining processes and controls related to Heightened Standards or Regulatory YY, including process redesigns or control implementations.
3 years of experience in negotiating with stakeholders at multiple organizational levels, including cross-departmental collaboration for risk or compliance initiatives.
3 years of experience in supporting or leading periodic strategy reviews, with a documented history of monitoring and reporting on strategic initiatives regarding risk management or compliance.
3 years of experience in interpreting and tailoring enterprise policies and standards for change risk management, with experience in change initiatives involving funding, transactions, or product changes.
3 years of experience 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.

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.