Manager, Commercial Credit Risk

RBC; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

RBC is seeking an Internal Audit professional to support assurance projects and assess internal controls within Commercial Markets. This role offers exposure to various credit risk disciplines, enhancing expertise across the credit landscape. Ideal candidates will have strong analytical skills and a solid foundation in credit risk management, with opportunities for professional development in a collaborative environment.

Benefits

Comprehensive Total Rewards Program

Flexible benefits

Competitive compensation

Coaching and development opportunities

Dynamic, collaborative team environment

Qualifications

• 3+ years relevant experience in financial institutions.
• Strong foundation in credit risk management.

Responsibilities

• Execute audits and document tasks performed.
• Assess internal controls and risk management practices.
• Develop Detailed Issues Memo and recommendations.

Skills

Analytical

Problem Solving

Communication

Time Management

Organizational

Education

Undergraduate degree in accounting

Finance

Business Administration

Job description

Job Summary

Internal Audit (IA), also known as the Chief Audit Executive Group (CAE), a division within RBC, has a mandate to provide independent, objective risk assessment and evaluation of the adequacy and effectiveness of risk management practices, internal controls, and governance processes for all areas of RBC.

Job Description

What is your opportunity?

You will support assurance projects and assess the effectiveness of internal controls for credit within Commercial Markets and Group Risk Management platforms. You will gain exposure to RBC products, services, businesses, platforms to become a subject matter expert.

In addition to Commercial Credit, you will gain valuable exposure to a broad spectrum of credit risk disciplines, including Wealth Management Credit Risk, Credit Risk Review, and Wholesale Credit Risk, and Retail Credit Risk offering a unique opportunity to deepen expertise and broaden career horizons across the credit risk landscape.

What will you do?

• Contribute to execution of audits in the annual plan, and formally document tasks performed with supporting evidence during execution of audits, in accordance with Internal Audit methodology and guidelines.

• Assess effectiveness of internal controls, risk management practices and governance processes in order to draw conclusions to complete the audit programs.

• Develop and draft Detailed Issues Memo and recommendations relating to audit program conclusions, to the Senior Manager leading the audit.

• Identify key risks and potential business impacts.

• Work with the Data Analytics Lead or Data Scientist to identify opportunities for incorporating advanced analytics in audit projects

• Respond to stakeholder needs quickly and effectively.

• Build trusting relationships with Internal Audit peers and business partners.

• Ability to work in a dynamically changing environment.

What do you need to succeed?

Must-have

• 3+ years’ relevant industry experience, specifically in a financial institution, preferably in Internal Audit, Risk Management or compliance function

• Strong foundation in credit risk management gained through a combination of educational and / or professional work experience

• Undergraduate degree within accounting, finance, business administration or any other relevant discipline

• Good understanding of business processes and associated risk and control concepts for wholesale credit products and services

• Good understanding of risk and control concepts, with ability to evaluate materiality and significance of deviations, as well as strength of management practices.

• Strong written and verbal communication, presentation, and technical writing skills, coupled with a strong interest in further developing and integrating audits with technology.

• Strong analytical, problem solving, time management and organizational skills.

Nice to have

• Working towards or existing holder of a professional accounting, finance or audit designation (ex. CPA, , CFA, CIA, FRM) or other industry-relevant certifications

• Former knowledge and/or experience within Commercial Banking or Group Risk Management, Credit Risk.

• Knowledge of credit risk regulations across multiple regions, including Canada, United States, Europe, United Kingdom, and the Asia–Pacific (APAC)

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

• 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

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

INTERNAL AUDIT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-05-16

Application Deadline:

2025-05-31

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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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.