What is the opportunity?

As the Manager Business Risk and Reporting you will support Wealth Management (WM) in the execution of the Operational Risk Management program. In this role you will assist in the design and execution of Operational Risk practices by engaging with stakeholders across RBC including WM, GRM, and support functions.

What will you do?

• Perform management requested analysis, reviews, and reporting for senior management within WM leveraging strategic decision making.
• Report on Operational Risk Appetite for Wealth Management and Key Risk Indicators for WM Lines of Businesses.
• Support the annual refresh of WM Operational Risk Appetite, measures and thresholds, including back testing.
• Report and monitor outstanding audit and ORM issues to ensure they are on track for completion within the required deadline. Review and verify evidence to close issues.
• Research and input Operational Risk Events (OREs); gather and validate information provided by business to ensure compliance with ORM standards.
• Lead targeted reviews through planning, execution, reporting and identifying high quality issues reflecting risk and root causes and execute Risk & Control Self Assessments (RCSA), including working with business partners to develop action plans.
• Document and maintain repository of key controls for high risk processes as required to meet the Internal Control Management Policy (ICMP) and Regulatory Compliance Management Program (RCM) requirements.
• Manage critical team archives and reference material – minutes, operating procedures, guidance documents, and supporting evidence for Operational Risk programs.

What do you need to succeed?

Must Have

• University Degree with over 5 years of financial industry experience in areas such as operational risk, supplier management, audit, or compliance functions
• Advanced knowledge and experience using Tableau, Microsoft Excel and PowerPoint.
• Experience in developing and producing reports as well as mining and analysis of data and databases with strong problem solving, analytical, and research skills.
• Ability to deal effectively with senior management and multiple stakeholders.
• Strong communication skills and ability to present information clearly.

Nice to Have

• Excellent knowledge of Wealth Management.
• Professional designation in Risk or Finance such as MBA, CPA, or CFA.

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
• Flexible work/life balance options
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities
• Access to a variety of job opportunities across business and geographies

Job Skills

Business Process Design, Decision Making, Financial Risk Management (FRM), Operational Risks, Risk Control, Risk Management, Teamwork

Additional Job Details

180 WELLINGTON ST W:TORONTOTORONTOCanada37.5Full timeWEALTH MANAGEMENTRegularSalaried2025-03-202025-04-02

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.