Manager, Business Risk for RBC Wealth Management

RBC; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution is seeking a Manager Business Risk to support the Operational Risk Framework within Wealth Management. The role involves advising senior leaders, ensuring compliance, and enhancing risk management practices across various business units. The ideal candidate will have strong analytical skills and relevant industry qualifications, contributing to a dynamic and collaborative team environment.

Benefits

Comprehensive rewards including bonuses

Leadership support for development

Flexible work/life balance options

Opportunities for advancement

Dynamic, collaborative team environment

Qualifications

• 3-4 years of experience in Brokerage, Banking, Operational Risk, Audit, or Compliance.
• Strong analytical, problem-solving, and research skills.

Responsibilities

• Implement and ensure compliance with the Operational Risk Framework.
• Support updates to RBC’s Internal Control Management Policy.
• Develop, track, and report on Risk Appetite and Key Risk Indicators.

Skills

Business Process Design

Decision Making

Financial Risk Management

Operational Risks

Risk Control

Risk Management

Teamwork

Education

University Degree

Securities Qualification

Options Qualification

Futures Qualification

Investment Management Qualification

Tools

Microsoft Office

Tableau

PowerPoint

Job description

Job Summary

Job Description

What is the opportunity?

Reporting to the Director of Business Risk for RBC Wealth Management and embedded in WM’s 1st line of defense, the Manager Business Risk acts as a trusted adviser to Senior Leaders in WM, particularly within the WM Strategy, Products & Digital Investing (SP&DI) team.

The Manager will assist in developing, implementing, and maintaining RBC’s Operational Risk Framework within this newly established Business Risk team, ensuring alignment with the Enterprise ORM strategy. You will guide leadership within SP&DI on Business Risk management, supporting ORM program activities to enhance their ability to manage risks effectively. Supported WM units include Direct Investing, InvestEase, WM Technology, Global Credit and Cash Management, WM Operational Data and Information, WM Investments, and WM Strategy.

You will be part of a team of experienced Operational Risk professionals responsible for executing RBC’s Operational Risk practices across these businesses. Your role includes data collection, monitoring, and reporting on Risk Appetite processes for RBC Wealth Management globally, including annual updates.

What will you do?

Support the Director and Senior Manager of the WM Business Risk team (supporting SP&DI) to :

• Implement and ensure compliance with the Operational Risk Framework within SP&DI. Support all aspects of ORM practices, including OREs, Risk Appetite, KRIs, Issues management, IRPs/RTAs, ICMP, RCM, and reporting.
• Assist in the execution of the RCM program, establishing oversight to ensure adherence to policies and escalation of exceptions.
• Support updates to RBC’s Internal Control Management Policy in SP&DI, including control assessments and annual attestations to meet policy and regulatory obligations.
• Innovate in control design and testing methods, leveraging automation and data analytics, and manage the annual assessment plan.
• Enhance RBC’s Risk and Control Self-Assessment (RCSA) program in SP&DI, including establishing risk registers and digitizing risk assessments.
• Develop, track, and report on Risk Appetite and Key Risk Indicators (KRIs) for all SP&DI business units.
• Ensure compliance with RBC’s Issues Management framework and support project engagement.
• Provide operational risk impact assessments for major changes, process improvements, and projects (CIRA policy).
• Maintain key linkages with governance centers, 2LoD Operational Risk, Compliance, and other groups for SP&DI.
• Perform root cause analyses of major events, product risk reviews, and IRPs.
• Prepare dashboards and reports for the Director for WM SP&DI governance forums.

What do you need to succeed?

Must-have

• 3-4 years of experience in Brokerage, Banking, Operational Risk, Audit, or Compliance.
• University Degree and relevant industry qualifications (e.g., Securities, Options, Futures, Investment Management).
• Strong analytical, problem-solving, and research skills, with proficiency in Microsoft Office, Tableau, PowerPoint.
• Effective communication skills, capable of engaging with senior management and stakeholders.
• Consulting mindset focused on strategic business recommendations.

Nice-to-have

• Professional designations such as MBA, CPA, CFA.
• Knowledge of brokerage and banking products and processes.
• Familiarity with Direct Investing, securities operations, and Canadian investment regulations.

What’s in it for you?

We foster a culture of growth, collaboration, and community impact. Benefits include:

• Comprehensive rewards including bonuses, benefits, and stock options.
• Leadership support for your development.
• Opportunities to make a meaningful impact.
• Dynamic, collaborative, and high-performing team environment.
• Flexible work/life balance options.
• Challenging work with opportunities for advancement.
• Access to diverse job opportunities across the organization.

Job Skills

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

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: 2025-05-16

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 value diversity and inclusion, fostering a workplace where everyone feels supported to perform at their best, collaborate, innovate, and grow professionally. We are committed to policies and programs that promote respect, belonging, and opportunity for all.

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