Senior Manager - WM Business Risk

RBC; Toronto; On-site; CAD 120,000 - 170,000; Full time

Job summary

RBC Wealth Management Canada seeks a Senior Manager, Business Risk to lead operational risk and regulatory compliance initiatives. You will shape risk assessments, controls testing, and reporting, partnering with GRM OR, Compliance and WM teams to mitigate risk and support strategic changes.

The role requires 5–8 years in risk or compliance, professional designation, and strong analytical, communication, and MS Office skills.

Qualifications

• MBA/CPA/CFA or equivalent designation is required.
• 5–8 years in operational risk, audit, or compliance.
• University degree with securities/options/futures/investment mgmt qualifications.
• Strong problem solving, analytical, and MS Office skills (Excel/PowerPoint).
• Ability to communicate effectively with senior management.

Responsibilities

• Execute Risk & Control Assessments (RCSAs) with stakeholder action plans.
• Lead operational risk program elements including event reviews, risk profile assessments, KPI refresh and root cause analyses.
• Act as Line of Business Head Delegate to support controls and attestations; drive innovation in control design and testing.
• Perform reviews and ad-hoc reporting for senior executives to enable strategic decision making.
• Manage evidence, archives and reference material for Operational Risk and Regulatory Compliance programs.

Skills

Risk Management

Communication

Analytical Thinking

Regulatory Compliance

Problem Solving

Excel

PowerPoint

Education

MBA / CPA / CFA

University degree

Industry qualifications (Securities / Options / Futures / Investment Management)

Tools

Excel

Job description

Job Description

What is the opportunity?

The Senior Manager, Business Risk, provides support to 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 WM Canada including risk and control identification/assessment, leading risk reporting and assessments, 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 for WM Canada 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.
• Perform Operational Risk program elements including but not limited to: operational risk event/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.
• 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) 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.
• Responsible for performing management-requested reviews, innovation/change projects, and ad-hoc reporting for senior executives and management team within WM Canada, enabling strategic decision making.
• 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 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 and/or trading.
• 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. At RBC, you will have opportunities to:

• Interact with leaders who support your development through coaching and managing
• Network and build lasting relationships with students from diverse backgrounds from across Canada
• Make a difference and lasting impact through meaningful work
• Work in a dynamic, collaborative, progressive, and high-performing team

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:

2026-11-04

Application Deadline:

2026-11-18

Note

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

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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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