Associate Director - Risk Identification and CCAR

0000050072 RBC - USA; Toronto; On-site; USD 110,000 - 190,000; Full time

Job summary

A leading company in risk management is looking for a Risk Identification professional to oversee regulatory compliance processes under CCAR. The role entails coordinating risk meetings, analyzing risk reports, and collaborating with various departments to ensure robust risk identification. Ideal candidates should have significant experience in risk management, excellent communication skills, and a bachelor's degree in a related field.

Benefits

Comprehensive Total Rewards Program

Competitive compensation

Career development opportunities

Qualifications

• Minimum 5 years work experience in relevant or complementary capacities.
• Strong knowledge of CCAR and stress testing requirements.
• Knowledge of financial services products.

Responsibilities

• Coordinate the full lifecycle of the Risk ID process.
• Facilitate discussion during Risk ID meetings.
• Create and maintain the policy and procedures.

Skills

Analytical skills

Communication

Proactive risk identification

Attention to detail

Education

Bachelor’s Degree in Accounting, Economics, Finance, or Business

Tools

Excel

PowerPoint

Job description

What is the Opportunity? This role resides within the Risk Identification group under the Group Risk Management - U.S. Enterprise Risk department.

Primary responsibility is the execution of the Risk Identification process is required as part of the regulatory requirements for the Comprehensive Capital Analysis and Review (“CCAR”), but also serves as part of RBC’s ongoing risk management practices.

Provide support and input to the CCAR internal scenario design, emerging risks, resolution planning and other CCAR related matters as needed.

What will you do? Risk Identification :

Coordinate the full lifecycle of the Risk ID process

Facilitate discussion during Risk ID meetings and ensure execution of the Risk Identification process

Review and challenge assessment inputs from the First Line of Defense and Second Line of Defense

Review and challenge risk event descriptions for the appropriate logical structure, granularity, and idiosyncratic nature

Review existing risk reports, New Business Committee presentations, and other support materials to challenge business assumptions or highlight risk events that the LoBs may have missed for inclusion in the Risk Inventory

Liaise with Risk colleagues as needed to ensure robust 2LOD participation in the Risk ID process

Centrally aggregate and identify Material Risks

Track follow-ups and deliverables and set timing of next steps

Create and maintain the policy and procedures

Schedule and facilitate Risk ID meetings and Final Workshop

Prepare workshop presentation materials;

Present conclusions from Risk ID related business meetings to senior management at all governance forums including the Final Workshop, CUSO RMC, and secure approval from the US Risk Committee

Review and maintain the Risk Inventory of all risk events

Other Responsibilities

As priorities shift within the department, ad-hoc assignments will inevitably occur and resources are expected to be allocated as needed

What do you need to succeed?

Bachelor’s Degree (in Accounting, Economics, Finance, or other Business related field)

Minimum 5 years work experience in relevant or complimentary capacities

Strong knowledge of CCAR and stress testing requirements as well as regulations related to capital planning and risk management

Strong communication skills, both written and verbal

Knowledge of financial services products (lending products, securities, etc.)

Inquisitive and proactive in identifying risks, proposing solutions and / or exercising sound and balanced judgement

Outstanding ability to analyze problems and strong attention to detail

Team player; ability to successfully partner with colleagues across departments and / or divisions

Ability to effectively communicate to stakeholders of varying levels, including under contentious circumstances

Ability to prioritize in a fast moving, high pressure, constantly changing environment

Strong Excel and PowerPoint skills required

Ability to be flexible and follow tight deadlines

High level of professionalism, self-motivation, and sense of urgency

Suggested Qualifications :

Previous Compliance, Audit, Control and / or Regulatory experience a plus

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 $110,000 - $190,000 (NJ) 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 Skills Business Performance Management, Investment Banking Analysis, Investment Economics, Investment Management Systems, Investment Performance Measurement, Investment Risk, Investment Risk Management, Market Risk, Operational Risks, Performance Management (PM), Quality Management, Risk Management, Standard Operating Procedure (SOP) Additional Job Details

Address :

8081 ARCO CORPORATE DRIVE : RALEIGH

City : Raleigh

Country :

United States of America

Work hours / week : Employment Type :

Full time

Platform :

GROUP RISK MANAGEMENT

Job Type : Regular

Posted Date : 2024-03-14

Application Deadline :

2024-03-27

I nclusion 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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