Manager, Internal Audit - Wholesale Credit Risk

RBC•Toronto, ON

2d•Onsite

About The Position

Internal Audit (IA), also known as the Chief Audit Executive Group (CAE), a division within RBC, has a mandate to provide independent, objective risk assessment and evaluation of the adequacy and effectiveness of risk management practices, internal controls, and governance processes for all areas of RBC. The Manager, Internal Audit role is curious, dynamic, adaptable, solution-oriented team player. You will support assurance projects and assess the effectiveness of internal controls for Wholesale Credit within Capital Market and Group Risk Management platforms. You will gain exposure to RBC products, services, businesses, platforms to become a subject matter expert. In addition to Wholesale Credit, the successful candidate will gain valuable exposure to a broad spectrum of credit risk disciplines, including Retail Credit Risk, Wealth Management Credit Risk, Credit Risk Review, and Commercial Credit Risk, offering a unique opportunity to deepen expertise and broaden career horizons across the credit risk landscape.

Requirements

3+ years’ relevant industry experience, specifically in a financial institution, preferably in Internal Audit, Risk Management or compliance function
Strong foundation in credit risk management gained through a combination of educational and professional work experience
Undergraduate degree within accounting, finance, business administration or any other relevant discipline
Good understanding of business processes and associated risk and control concepts for wholesale credit products and services
Good understanding of risk and control concepts, with ability to evaluate materiality and significance of deviations, as well as strength of management practices.
Strong written and verbal communication, presentation, and technical writing skills, coupled with a strong interest in further developing and integrating audits with technology.
Strong analytical, problem solving, time management and organizational skills.

Nice To Haves

Working towards or existing holder of a professional accounting, finance or audit designation (ex. CPA, CA, CFA, CIA, CISA, FRM, CFE) or other industry-relevant certifications
Former knowledge and/or experience within Corporate Banking or Group Risk Management, Credit Risk.
Knowledge of credit risk regulations across multiple regions, including Canada, United States, Europe, United Kingdom, and the Asia–Pacific (APAC)

Responsibilities

Contribute to execution of audits in the annual plan, and formally document tasks performed with supporting evidence during execution of audits, in accordance with Internal Audit methodology and guidelines.
Assess effectiveness of internal controls, risk management practices and governance processes in order to draw conclusions to complete the audit programs.
Develop and draft Detailed Issues Memo and recommendations relating to audit program conclusions, to the Senior Manager leading the audit.
Identify key risks and potential business impacts.
Work with the Data Analytics Lead or Data Scientist to identify opportunities for incorporating advanced analytics in audit projects
Respond to stakeholder needs quickly and effectively.
Build trusting relationships with Internal Audit peers and business partners.
Ability to work in a dynamically changing environment.