Associate Director, Risk & Controls Group

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Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.
Job Title
Associate Director, Risk & Controls Group
Job Description
What is the Opportunity?
This role resides under Group Risk Management within U.S. Enterprise Risk. Risk & Controls Group (RCG) is accountable for executing control evaluation activities for select stakeholders across RBC and its US material legal entities, with a particular focus on 2nd Line of Defense owned controls, US Regulatory Reporting and CCAR processes.
The team consists of staff in the US, Canada, and Malaysia. The Associate Director (AD) will be responsible for the strategic direction & execution of the RCG's control evaluation program, and will act as a subject matter expert to advise stakeholders on the establishment of an effective control environment.
The role will act as a key relationship manager between the control evaluation execution team in Malaysia and control evaluation stakeholders within US and Canada. The role will partner with Operational Risk colleagues to incorporate control evaluation activities into the broader Operational Risk management program.
What will you do?

• Perform and oversee control evaluation activities that evaluate the design and operating effectiveness of key controls.
• Develop robust and scalable testing modules, scripts, and other guides including testing approach and scoping/sampling for evaluating the effectiveness of Key Controls to mitigate key risk exposures related to regulatory requirements and RBC risk policies and standards.
• Create and memorialize detailed control testing documentation and review commentary.
• Conduct validation and closure of control issues as identified through testing.
• Analyze, aggregate, and articulate the results/issues/recommendations related to control evaluation activities, including presenting at governance and management committees as required.
• Mentorship and ongoing coaching of Malaysia-based control evaluation resources.
• Participate in the efforts to define, implement and continuously improve the operating model for control evaluation activities for RCG which meets US regulatory expectations and Enterprise standards.
• Act as a key contact and maintain relationships with control evaluation stakeholders, including but not limited to, US Group Risk Management, US Finance, Internal Audit, and US Lines of Business.
• Provide internal controls training and development activities, including Bank-wide and targeted training to support continuous improvements of the control evaluation program, and to elevate controls management capabilities.
• Participate in the design of the operating model for the team, leveraging resourcing within US and Malaysia to satisfy the team's mandate.
• Assists management with developing budget estimates and managing resources to the annual budget and test plan
• Provide operational risk expertise where needed, to identify key operational risk exposures and create smart, key controls for high-risk processes.
• Promote understanding of operational risk management within US GRM.
• Assist and participate in the broader operational risk activities within RCG as required.
• Supports a high-performance environment by fostering an inclusive work environment, mentoring/coaching staff members, and enabling opportunities for them to achieve development goals
• Acts as the brand ambassador of the Risk & Controls Group by developing solid working relationships across the organization to facilitate communication and strategic partnerships

What do you need to succeed?

• 5+ years of experience in controls evaluation, operational risk management, internal audit, quality control roles, or other complimentary capacities, preferably within the financial services industry, a public accounting firm, or with a financial institutions regulator.
• Proven ability to establish and execute new processes.
• Strong relationship management experience, ability to build influence with senior internal stakeholders.
• Professionalism and solutions orientation required to liaise directly with Senior Management.
• Previous experience working in highly regulated business environments in the financial services sector.
• Understanding of US Regulatory environment. Knowledge of financial services products, fundamentals of US Regulatory Reporting and CCAR.
• University degree, or equivalent, ideally with a financial designation or relevant professional qualification.
• Strong presentation, interpersonal and communication (verbal and written) skills.

Nice-to-have

• A CA, FRM or CPA designation, in addition to an undergraduate degree is an asset.

What's in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Opportunities to building close relationships with clients

The good-faith expected salary range for the above position is $130,000 - $160,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
• Drives RBC's high performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value
Job Summary
Address:
Jersey City, New Jersey, United States of America
City:
USA-NJ-JERSEY CITY
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
Group Risk Management
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2023-03-16
Application Deadline:
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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