Senior Manager, Business Risk, RBC Wealth Management

RBC; Toronto; On-site; CAD 100,000 - 120,000; Full time

Job summary

A leading financial institution in Toronto seeks a Senior Manager, Business Risk to support Wealth Management's Operational Risk activities. The role demands expertise in fraud and model risk management, requiring 5-8 years of relevant experience and a University degree. The successful candidate will lead initiatives to identify and manage operational risks while collaborating with various departments. Strong analytical and communication skills are essential. This full-time position offers competitive benefits in a dynamic environment.

Qualifications

• 5-8 years in Operational Risk practices, Audit, or Compliance with focus on fraud or model risk.
• Strong analytical skills with qualitative and quantitative analysis capability.
• Ability to communicate effectively with senior management and stakeholders.

Responsibilities

• Support the Fraud Risk Management for WM businesses globally.
• Lead in developing fraud risk management practices in compliance with policies.
• Collaborate with Model Risk experts to design risk validation activities.

Skills

Communication

Financial Instruments

Fraud Risk Management

Long Term Planning

Operational Risks

Risk Control

Risk Management

Waterfall Model

Education

University Degree in a relevant field

Tools

Microsoft Office

Excel

PowerPoint

Job description

Job Description

The Senior Manager, Business Risk, provides support to RBC Wealth Management (WM) global business units and WM Operational Risk Management (ORM) leadership, by providing expertise, advice and counsel, enhancing management’s ability to anticipate and manage operational risks effectively with a focus on fraud and model risk management.

This includes supporting the design and execution of essential Operational Risk program with a focus on Fraud Risk and Model Risk including risk and control identification/assessment, risk reporting and assessments, root cause analysis reviews, and supporting strategic initiatives.

Reporting to the Director, WM Fraud Strategy, the Senior Manager, Business Risk will 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 for WM to facilitate the exchange of information and integrated solutions to operational risk issues.

What will you do?

• Support the maintenance and enhancement of the Fraud Risk Management for WM businesses globally, including WM Canada, WM Europe, WM Asia, Investor Services and Global Asset Managements.
• Lead and support in the identification, analysis and development of WM fraud risk management practices in compliance with the Enterprise Fraud Risk Policy and Standards to prevent, detect, and reduce losses.
• Assist the WM Director Fraud strategy in partnership with WM business to co-develop fraud controls to balance fraud risk vs. operational costs and the client experience while meeting the objectives of the business strategy.
• Conduct and manage supporting evidence of quarterly WM Fraud Monitoring Analysis.
• Support WM all BUs globally in the interpretation of Model Risk policy changes and coordinating the semi-annual attestation process.
• Collaborate with the Model Risk designate/experts in the WM BUs to design a process to facilitate the maintenance of the model risk inventory and coordinate risk validation activities with GRM Model risk.
• Work with the Model Risk designate/experts in the WM BUs to ensure that WM Business heads complete their attestation on a timely basis.
• Contribute to operational risk reviews on the fraud risk and model risk impacts of major change initiatives, process improvements and transformational projects.
• Support WM ORM regional teams from a Fraud risk and Model risk perspective to execute on the Operational Risk Program, including Risk & Control Assessments (RCSAs), Risk Appetite and Key Risk Indicators, Targeted Reviews and Root Causes Analysis.
• Promote fraud risk management and model risk as an embedded discipline in the Wealth Management Operational Risk program.
• Leverage insights from across RBC platforms and evolving industry best practices to deliver sound advice, innovation, and tailored services.
• Manage critical evidence, archives and reference material – minutes, operating procedures, guidance documents, and supporting evidence for Fraud and Model Risk program.

What do you need to succeed?

Must Have

• 5-8 years of combined knowledge, skill, and background in Operational Risk practices, Audit, or Compliance functions preferably with a focus on fraud or model risk.
• University Degree and recognized Industry Qualifications – Securities Industry/Investment Management or equivalent courses.
• Strong understanding of fraud risks in the financial services.
• 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.
• Effective 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 wealth advisory, investment management, and financial planning front-office and back-office activities.
• MBA, CFA, and/or degree in Forensic Accounting.
• Experience in securities operations within one or more businesses in WM or comparable businesses. Experience supporting Canadian investment dealers, trading, and/or asset management.
• In depth knowledge of a variety of banking products and services.
• Ability to drive impact and influence through effective communication and collaborative, non-authoritative, partnerships.

Job Skills

Communication, Financial Instruments, Fraud Risk Management, Long Term Planning, Operational Risks, Risk Control, Risk Management, Waterfall Model

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: 2025-12-19

Application Deadline: 2026-01-30

Note

Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

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.