Senior Manager, Business Risk, RBC Wealth Management

RBC; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Senior Manager in Business Risk to enhance operational risk management strategies across its Wealth Management and Asset Management divisions. This role is pivotal in executing risk assessments, leading compliance reviews, and supporting strategic initiatives that drive innovation. The successful candidate will work closely with senior management and various stakeholders to ensure effective risk mitigation and compliance with regulatory standards. Join a dynamic team that values collaboration and offers opportunities for professional growth while making a significant impact in the financial services sector.

Benefits

Comprehensive Total Rewards Program

Flexible work/life balance options

Competitive compensation

Opportunities for professional development

Dynamic and collaborative work environment

Qualifications

• 5-8 years of experience in Operational Risk practices and Compliance functions.
• Professional designation in Risk and/or Finance such as MBA, CPA, or CFA.
• Strong analytical and problem-solving skills with advanced desktop skills.

Responsibilities

• Lead operational risk and regulatory compliance reviews for GAM and WM Canada.
• Execute Risk & Control Assessments and develop action plans for risk management.
• Perform management-requested reviews and ad-hoc reporting for senior executives.

Skills

Operational Risk Assessment

Risk Management

Control Assessment

Senior Management Reporting

Wealth Management

Analytical Skills

Problem Solving

Communication Skills

Education

MBA

CPA

CFA

University Degree

Tools

Microsoft Office

Excel

PowerPoint

Job description

Job Summary

Job Description

What is the opportunity?

The Senior Manager, Business Risk, provides support to RBC Global Asset Management’s (GAM) and RBC Wealth Management (WM) Canada’s Operational Risk management leadership, by providing expertise, advice and counsel, enhancing management’s ability to anticipate and manage operational risks effectively. This includes supporting the design and execution of essential Operational Risk and Regulatory Compliance programs in GAM and WM Canada including risk and control identification/assessment, leading risk reporting and assessments, error reviews, and supporting on other strategic/innovation initiatives.

Reporting to the Director, WM Business Risk, the Senior Manager, Business Risk will lead operational risk/regulatory compliance reviews and provide expert feedback on the operational risk impact of major change initiatives, process improvements, and transformational projects. The successful candidate will maintain critical linkages with Centres of Governance, 2LoD Operational Risk (GRM OR), Compliance, and other critical areas of dependency forWM Canada and GAM to facilitate the exchange of information and integrated solutions to operational risk issues.

What will you do?

• Execute Risk & Control Assessments (RCSAs), including working with stakeholders to develop action plans where risks are outside of risk appetite.
• Act as Line of Business Head Delegate to support controls, including control assessments and annual attestations to assist lines of businesses in meeting their ongoing Internal Controls Management Policy (ICMP) and Regulatory Compliance Management (RCM) and obligations. Drive innovation in control design and control testing methods, working with control owners to leverage automation and data to modernize controls testing. Manage the rolling 12-month plan to ensure annual assessments are performed on time.
• Perform Operational Risk program elements including but not limited to: error reviews, review/sign off on all integrated risk profile assessments on change initiatives, perform Risk Appetite and Key Risk Indicator refresh and reporting processes, perform Targeted Reviews and Root Cause Analyses through planning/execution/reporting, RPA Risk Assessments, manage/identify issues and related mitigation/follow-up, etc.
• Responsible for performing management-requested reviews, innovation / change projects, and ad-hoc reporting for senior executives and management team within GAM and WM Canada, enabling strategic decision making.
• Coordinate IAS audits, gathering of information requests, updates, and status and exit meetings.
• Manage critical evidence, archives and reference material – minutes, operating procedures, guidance documents, and supporting evidence for Operational Risk and Regulatory Compliance programs.

What do you need to succeed?

Must Have

• Professional designation in Risk and/or Finance such as an MBA, CPA, CFA.
• 5-8 years of combined knowledge, skill, and background in Operational Risk practices, Audit, or Compliance functions.
• University Degree and recognized Industry Qualifications – Industry Securities / Options / Futures/Investment Management or equivalent courses.
• Strong problem solving, analytical (including qualitative and quantitative analysis) and research skills are essential as well as advanced desktop skills (e.g. excellent knowledge of Microsoft Office, Excel, and PowerPoint).
• Ability to deal effectively with senior management and multiple stakeholders.
• Strong communication and writing skills with the ability to present information effectively.
• Consulting mindset with focus on making strategically aligned business recommendations.

Nice to Have

• Excellent knowledge of Wealth Management and RBC’s products, processes, and organization.
• Strong knowledge of Asset Management and related front-office and back-office activities.
• Strong knowledge of wealth advisory, investment management, and financial planning front-office and back-office activities.
• Experience in securities operations within one or more businesses in WM or comparable businesses. Experience supporting Canadian investment dealers, trading, and or/asset management.
• Familiarity with Canadian Investment Regulatory Organization (CIRO) rules and requirements.

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

Job Skills

Asset Management, Control Assessment, Operational Risk Assessment, Risk Management, Senior Management Reporting, Wealth Management

Additional Job Details

Address:

180 WELLINGTON ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

WEALTH MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-05-09

Application Deadline:

2025-05-20

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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