Portfolio Management Risk Specialist

City National Bank•New York, NY

About The Position

This position supports RBC Rochdale's First Line of Defense, the business unit responsible for day-to-day risk management, by identifying, monitoring, and mitigating operational and regulatory risks within Client Portfolio Management. The role analyzes risk reports, works with portfolio managers to address risky behavior and control gaps, designs and documents risk processes and controls, and helps ensure compliance with regulatory requirements and corporate governance standards. The specialist monitors risk program activities such as Key Risk Indicators (KRIs), Key Performance Indicators (KPIs), and Issue Management; develops preventive and detective controls; and coordinates with business teams and risk, compliance, legal, and audit functions. The role also supports examinations, special projects, and the development of risk capabilities across the organization.

Requirements

Bachelor's degree or equivalent.
At least 5 years of project management experience.
At least 5 years of experience within or related to financial services.
Advanced experience with Microsoft Office, including Excel, PowerPoint, and Word.
Ability to work in a fast-changing environment.
Complex problem-solving experience in operational change management.
Strong analytical and quantitative skills.
Experience influencing across organizational levels without direct authority.
Knowledge of investment management or wealth management.
Experience driving operational change across front-line through senior leadership personnel.
Excellent stakeholder and relationship management skills.
Ability to simplify complexity and handle uncertainty well.

Nice To Haves

MBA or other advanced degree, such as a JD or master's degree.

Responsibilities

Run, analyze, and interpret business reports and data to identify operational and regulatory risks, anomalies, and trends within Client Portfolio Management.
Review report findings and potential risky behavior or control gaps with portfolio managers, and develop remediation plans.
Build or enhance risk management processes, workflows, and control frameworks.
Draft and maintain procedure documentation, control policies, and governance frameworks.
Monitor and execute risk program functions, including Key Risk Indicators (KRIs), Key Performance Indicators (KPIs), and Issue Management.
Evaluate technical and business data, assess practical impacts, and provide risk insights to the Business Control team and Business Units.
Design and implement preventive and detective controls related to Portfolio Management activities.
Analyze risk management practices across the organization and network affiliates, collaborating with the 2nd and 3rd lines of defense to strengthen controls and practices.
Develop, implement, and oversee risk management programs and strategies with the First Line of Defense and cross-functional teams.
Liaise between business teams and risk management, compliance, legal, and audit functions for internal and external examinations.
Build relationships across organizational levels and business lines to identify, analyze, and manage risks.
Develop communication materials and presentations for senior management that clearly convey complex risk information.
Support audit and examination activities and facilitate special projects.
Coach and mentor team members to develop risk talent and capability.

Benefits

Medical, dental, and vision coverage, available the first of the month following the start date.
401(k) company matching contribution.
Tuition reimbursement and other internal upskilling and training resources.
Vacation, sick, and volunteer time.
Fertility benefits and cancer, diabetes, and musculoskeletal support programs.
Career mobility support from a dedicated recruitment team.
Colleague Resource Groups for networking and community engagement.
Eligible for bonus and/or commissions.

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