Senior Manager, Business Risk for RBC Wealth Management

RBC; Toronto; On-site; CAD 100,000 - 130,000; Full time

Job summary

RBC is seeking a Senior Manager Business Risk for its Wealth Management division. This role involves developing and implementing the Operational Risk Framework, managing a team, and advising senior leadership on risk management. The ideal candidate will have extensive experience in operational risk and strong analytical skills, along with relevant certifications.

Benefits

Comprehensive rewards program

Leadership support

Opportunities for growth

Flexible work environment

Qualifications

• 5-8 years of experience in Wealth Management, Operational Risk, or Compliance.
• Relevant industry certifications like Securities, Options, Futures, Investment Management.

Responsibilities

• Develop and implement the Operational Risk Framework for WM’s SP&D team.
• Lead execution of the RCM program and ensure policy adherence.
• Guide the team on issues management and operational risks.

Skills

Analytical Skills

Problem-Solving

Communication

Education

University Degree

MBA

CPA

CFA

Tools

MS Office

Tableau

PowerPoint

Job description

Job Summary

This role reports to the Director of Business Risk for RBC Wealth Management and involves being embedded in WM’s 1st line of defense. The Senior Manager Business Risk acts as a trusted adviser to senior leaders within WM, particularly within the WM Strategy, Products & Digital Investing (SP&D) team.

The main responsibilities include helping develop, implement, and maintain RBC’s Operational Risk Framework in this newly formed Business Risk team, ensuring alignment with the Enterprise ORM strategy. The role involves guiding leadership in managing business risks effectively and supporting specific WM units such as Direct Investing, InvestEase, WM Technology, and others.

The Senior Manager will manage a team of experienced Operational Risk professionals, oversee the planning and execution of RBC’s Operational Risk practices, lead the Risk Appetite process, and manage the Risk Assessment program for WM globally.

Key Responsibilities:

• Develop and implement the Operational Risk Framework tailored for WM’s SP&D team.
• Lead the 1st line execution of the RCM program and ensure policies are followed.
• Support enhancements to RBC’s Internal Control Management Policy and act as a delegate for control assessments and attestations.
• Drive innovation in control design and testing, leveraging automation and data.
• Implement enhancements to the Risk and Control Self-Assessment program, including establishing the Risk Register and risk statements.
• Support the development and reporting of Risk Appetite and Key Risk Indicators (KRIs) for WM.
• Guide the team on issues management and provide expert feedback on operational risks related to major initiatives.
• Maintain critical linkages with governance and risk management areas to facilitate information exchange and solutions.
• Perform root cause analyses of major events and participate in governance forums as the risk SME.
• Act as a center of excellence for RBC’s operational risk management practices.

Qualifications:

Must Have:

• 5-8 years of experience in Wealth Management Brokerage, P&C, Operational Risk, Audit, or Compliance.
• University Degree and relevant industry certifications (e.g., Securities, Options, Futures, Investment Management).
• Strong analytical, problem-solving, and research skills, with advanced proficiency in MS Office, Tableau, PowerPoint.
• Effective communication skills, with the ability to engage with senior management and multiple stakeholders.
• Consulting mindset and strategic business recommendation skills.
• Professional designations such as MBA, CPA, CFA are preferred.

Nice to Have:

• Knowledge of Wealth Management and P&C products and processes.
• Experience with Direct Investing, securities operations, and Canadian investment regulations.

What’s in it for you?

We offer a comprehensive rewards program, leadership support, opportunities for growth, and a flexible work environment. Join a dynamic, collaborative team committed to making a difference.