Internal Controls Officer Senior

Royal Bank of Canada • Newark, DE

199d • $101,231 - $172,355

About The Position

Operational Risk Management (ORM) is responsible for providing independent and objective oversight of the management of risks arising from City National Bank's business processes, people, systems or external events. The ORM Remediation team is responsible for providing governance and oversight to enhance the control environment to ensure successful remediation of operational risk exposures. This includes providing practical guidance, functional expertise, strategic direction, and execution rigor to significant operational risk remediation activities. The ORM Remediation Senior Officer is responsible for challenging the quality, sufficiency, and completeness of 1LOD risk remediation and control management activities for moderate to high-risk initiatives in compliance with the Issue Management Policy and Standard and the Internal Controls Management Policy (ICMP) and Standard and for communication outcomes of objective assessment through escalation and reporting to Senior Management as necessary.

Requirements

• Bachelor's Degree or equivalent.
• Minimum 7 years of experience in financial services industry, with at least five years in an operational risk management, internal audit, or compliance role.
• Minimum 3 years of control assessment and validation experience.
• Minimum 1 year of supervisory experience.

Nice To Haves

• Bachelor's degree or higher and other professional qualifications such as a CPA, CA, etc.
• Strong business knowledge of financial services.
• Understanding of Risk Management/Operational Risk Management and Internal Controls testing methodology.
• Strong knowledge of issue management practices with proven experience in issue management design and/or execution.
• Ability to handle complexity and ambiguity.
• Proven track record building strong relationships across multiple business functions.
• Ability to deal effectively with conflict.
• Well-developed influencing, analytical and problem solving skills.
• Must be able to convey complex concepts in a clear and concise manner.
• Ability to work independently with effective time and project management.
• Ability to work in a matrix environment.
• Strong interpersonal/teamwork skills.
• Strong communication (verbal and written), negotiation, and presentation skills required.

Responsibilities

• Conduct review and challenge of remediation initiatives to ensure operational risk exposures associated with known control deficiencies are addressed.
• Conduct review and challenge of controls implemented, providing feedback to risk and control owners and control assessment teams.
• Ensure work is produced and documented in alignment with quality and content requirements.
• Provide clear and transparent updates on remediation progress.
• Exercise independent judgment in identifying and assessing risk.
• Prepare, review, and present review and challenge results to ORM Remediation Leadership.
• Ensure observations and findings are documented and escalated to appropriate leadership.
• Exercise effective communication and promote positive client relations with business line colleagues and management.
• Maintain authoritative knowledge and understanding of laws and regulations, regulatory guidance, policy, and procedures for operational functions covered.
• Provide 2LOD audit and regulatory exam support.
• Execute additional departmental initiatives and other duties as assigned.

Benefits

• Starting base salary: $101,231 - $172,355 per year.
• Exact compensation may vary based on skills, experience, and location.
• This job is eligible for bonus and/or commissions.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree