Senior Director, Risk Identification and Management

RBC; Toronto; On-site; CAD 120,000 - 150,000; Full time

Job summary

A leading financial institution seeks a Senior Director for Risk Identification and Management to lead risk methodologies and ensure compliance with regulatory standards. The role involves strategic development, governance of non-financial risks, and stakeholder collaboration to enhance risk management practices.

Benefits

Comprehensive Total Rewards Program

Flexible benefits

Competitive compensation

Opportunities for challenging work

Qualifications

• 10-12 years’ experience in risk management and developing methodologies.
• Experience in leading cross-enterprise teams and driving strategic initiatives.

Responsibilities

• Lead the implementation of risk and control methodologies.
• Advise on complex Non-Financial Risk categories.
• Collaborate with stakeholders to communicate risk findings.

Skills

Business Perspective

Client Counseling

Data Gathering Analysis

Decision Making

Fraud Management

Internal Controls

Organizational Governance

Process Management

Risk Management

Strategic Thinking

Education

Bachelor’s degree in finance, Accounting, Business

Job description

Job Summary

Job Description

What is the opportunity?

Business Description

The Enterprise Chief Controls Office (ECCO) is a centralized first line of defense group with the goal of embedding a culture of risk ownership and operational excellence by elevating the control environment and driving consistency and quality of risk practices to minimize loss and regulatory sanction, drive cost efficiencies, and accelerate execution to enable growth. The Practice Management team serves to coordinate and drive consistency across 1LOD risk identification, controls, issue management, and non-financial-risk management practices.

Description of the Role

Reporting to the VP, Practice Management under the newly formed Enterprise Chief Controls Office (ECCO) – the Senior Director, Risk Identification and Management is responsible for leading the strategic development and execution of comprehensive risk and control methodologies and analyses. This ensures robust identification, assessment, and appropriate coverage of Non-Financial Risk categories across the first line of defense to drive standardization and adherence to internal and external regulatory requirements.

Primary responsibilities include:
1. Risk and Control Methodology Development and Execution (45%)
2. Governance and Management of Non-Financial Risks (NFRs) (35%)
3. Training and Capability Development (20%)

What will you do?

• Strategic Development and Execution of Risk and Control Methodologies: Lead the implementation of comprehensive methodologies for in-depth analyses of 1LOD Risk and Control Self-Assessments (RCSAs) and enterprise risk and control registers. This includes ensuring thorough identification and assessment of potential risks to maintain a robust risk management framework.
• Governance and Management of Non-Financial Risk Categories (NFRs): Advise on complex Non-Financial Risk categories, ensuring effective risk identification and assessment from data across the three lines of defense. This involves recommending and reviewing opportunities to standardize controls and ensuring their consistent application.
• Analytical Mindset: Analyze control adherence to internal policies and external regulations. This responsibility ensures that the organization remains compliant with regulatory requirements and internal standards, mitigating potential risks.
• Stakeholder Collaboration and Reporting: Collaborate with stakeholders across the organization, including senior executives and risk management teams, to communicate risk findings and provide insights. This includes preparing and presenting reports on risk assessments and control effectiveness to inform decision-making.
• Design and Delivery of Standardized Training Programs: Utilize data-driven insights to identify key capabilities requiring enhancement and design tailored training solutions to address these needs across the enterprise. Collaborate with stakeholders to ensure training aligns with enterprise goals, effectively supports employee development, and oversee the implementation.
  

What do you need to succeed?
Must-have

• Bachelor’s degree in finance, Accounting, Business or other related field with deep expertise working within the financial services industry
• 10-12 years’ experience in risk management, developing and implementing risk and control methodologies, and non-financial risk categories, or comparable experience in other areas
• Experience in leading cross-enterprise teams and driving strategic initiatives related to risk identification, assessment, and governance at a senior level
• In-depth knowledge and understanding of internal and external regulatory requirements and standards, with experience ensuring compliance within a large organization
• Strong analytical skills with experience in developing comprehensive risk analyses and methodologies that drive standardization and adherence across the organization
• Proven ability to engage and influence senior stakeholders, including executive leadership, to drive operational risk strategies and initiatives. Ability to articulate complex risk concepts clearly and persuasively to various audiences, including senior leadership and regulatory bodies
• Experience in leading change management efforts related to risk management processes and systems, ensuring successful adoption and integration across the first line of defense
  

Nice-to-have

• MBA, CPA, CIA, FRM, CFA other related designations
• Project Management skills and ability to think critically and strategically about risk management practices and their impact on organizational objectives
• Familiarity with risk management software and tools, and the ability to leverage technology to enhance risk identification and control processes

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 and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

Job Skills

Business Perspective, Client Counseling, Data Gathering Analysis, Decision Making, Fraud Management, Internal Controls, Organizational Governance, Process Management, Risk Management, Strategic Thinking

Additional Job Details

Address:

BAY WELLINGTON TOWER, 181 BAY ST:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

CHIEF LEGAL & ADMIN OFFICE GRP

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-05-15

Application Deadline:

2025-05-30

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.

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