Senior Audit Manager, Global Credit (Retail) Audit

RBC • Toronto, ON

9d • Onsite

About The Position

As a Senior Manager, Global Credit (Retail Credit) CoE – Internal Audit Services, you will provide independent, objective risk assessment and evaluation of the effectiveness of risk management practices, internal control and corporate governance processes related to Retail Credit Risk globally at RBC. Results ultimately impact key stakeholder relationships including management, regulators, shareholders, and customers.

Requirements

• 5+ years of experience in retail credit risk management, knowledge of risk management regulation framework.
• In-depth knowledge of Retail Banking: credit products, risk management lifecycle, operations, and the first, second and third-line model of defense.
• Excellent knowledge of Credit Risk Management: risk management processes i.e. governance, risk assessment, retail risk management life cycle, credit portfolio management, IFRS9 provisioning.
• Strong project and audit engagement management capabilities
• Strong data analytics skills to drive insights
• High levels of engagement for your individual/independent work and collaboration/contributions to the team work i.e. methodically digests relevant work material, is not afraid to ask clarifying questions, and delivers quality draft reports and presentations.
• Strong written and verbal communication, presentation, and technical writing skills, coupled with a strong interest in further developing your knowledge base of financial services industry, banking, credit risk management, and internal audit.
• University undergraduate degree.
• Relevant professional certification is strongly preferred (e.g. CIA, CA, CFA, MBA) and/or equivalent work experience within financial services, banking, and/or risk management

Nice To Haves

• Proficient in auditing principles and techniques: can work independently to prepare key risk and control information, audit programs and design and operational control test steps.

Responsibilities

• Contribute to and lead audit engagements related to first- and second-line retail credit: plan, execute, and report audit projects during a monthly and quarterly cycle.
• Provide insights through in-depth knowledge of Financial Services, Retail Banking, and Retail Credit Risk Management.
• Work as part of a team that audits major business lines in assessing controls relating to credit lifecycle (i.e. underwriting/adjudication, account management and collections, provisioning).
• Provide input and participate in the Internal Audit annual audit strategic planning process.
• Through in-depth understanding of Retail banking businesses, including changes to the regulatory and business environments, develops audit programs to ensure effective control solutions are implemented.
• Ensure effective audit practices for traditional and continuous audits, continuous risk monitoring, audit issue and regulatory issue validation: responsible for the generation of continuous audit techniques and execute quarterly continuous audit.
• Contribute to the execution and implementation of Internal Audit Global Credit COE transformational initiatives to drive efficiency and enhance effectiveness for repetitive credit risk processes.
• Build and maintain data analytics capabilities in support of Audit Group activities, to expand assurance scope/coverage, increase efficiencies, and gain insights.
• Creates networks and relationships with key stakeholders in the Enterprise/Platform/Function, to ensure their team is equipped with the right data, capabilities and tools for data analysis.

Benefits

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

What This Job Offers

• Job Type: Full-time
• Career Level: Senior