Senior Vice President, Portfolio Strategy

Royal Bank of Canada • New York, NY

94d • $225,000 - $225,000

About The Position

The Senior Vice President, Portfolio Strategy at Royal Bank of Canada (US) in New York, NY, will work closely with the EVP, 1LOD Credit Risk and Portfolio Management to assess the current state and develop a strategic and tactical execution plan. This role involves implementing and maintaining policies, procedures, and processes that align CNB's business strategy with heightened regulatory standards. The SVP will partner collaboratively with Executive Leadership, Risk Management, Finance, and other stakeholders to create and implement a plan and structure to identify risks and the appropriate actions to take, such as mitigating, eliminating, accepting, and documenting risks. Additionally, the SVP will develop governance and oversight practices across all Lines of Business (LOBs) in collaboration with Risk Management, ensuring alignment with the overall CNB and RBC respective risk appetite and frameworks. The role includes leading the development and implementation of new programs and strategies to address regulatory and risk management requirements, analyzing data that affects technical, operational, and business functions, and providing insights into the practical impacts on the business line. The SVP will also build and maintain management systems supporting the 1LOD Monitoring and analytics functions, monitor regulatory changes, and establish strong working relationships with all stakeholders. This position requires leading remediation and development on regulatory matters and operational issues, contributing to concise communication materials for senior management, and developing compelling presentations for internal and external meetings.

Requirements

• Bachelor's degree or foreign equivalent in Mathematics, Accounting, Finance, or a related field.
• 10 years of related work experience, with 5 years of progressive post-baccalaureate related work experience.
• 10 years of experience in credit portfolio analysis, credit underwriting, or credit adjudication.
• 10 years of experience in Excel and data modeling, including VBA.
• 10 years of experience in data extraction using SQL or Python.
• 10 years of experience in communication to senior management, specifically articulating strategy based on large data analysis.
• 5 years of experience in data visualization including Tableau, PowerPoint, and PowerBI.

Responsibilities

• Assess current state and develop a strategic and tactical execution plan.
• Implement and maintain policies, procedures, and processes aligning with regulatory standards.
• Collaborate with Executive Leadership, Risk Management, Finance, and stakeholders to identify risks and appropriate actions.
• Develop governance and oversight practices across all LOBs.
• Monitor a comprehensive risk appetite framework across all LOBs.
• Lead the development and implementation of new programs and strategies.
• Analyze and evaluate data affecting technical, operational, and business functions.
• Build and maintain management systems supporting 1LOD Monitoring and analytics functions.
• Monitor regulatory changes impacting LOBs.
• Establish and cultivate strong working relationships with stakeholders.
• Lead remediation and development on regulatory matters and operational issues.
• Contribute to concise communication materials for senior management.
• Develop compelling presentations for internal and external meetings.

Benefits

• 401(k) program with company-matching contributions.
• Health, dental, vision, life, and disability insurance.
• Paid time-off plan.

What This Job Offers

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