Senior Manager - WM Business Risk

Royal Bank of Canada; Toronto; On-site; CAD 120,000 - 180,000; Full time

Benefits offered by this job

Competitive compensation

Tuition reimbursement

Wellness programs

Job summary

Royal Bank of Canada is seeking a Senior Manager, Business Risk to support Wealth Management Canada’s Operational Risk management leadership. You will guide risk and control assessments, reporting, and program governance, partnering with 2LoD, Compliance, and other dependencies to enable informed decisions and stronger controls.

The role demands a strong background in risk, finance, and change initiatives, with collaboration across senior levels to design and implement effective risk responses

Qualifications

• Strong knowledge of operational risk practices and governance frameworks.
• Experience in risk assessments, control testing, and remediation tracking.
• Ability to interact with senior management and multiple stakeholders in a regulated environment.

Responsibilities

• Lead risk and control assessments with stakeholders to ensure risk within appetite.
• Oversee risk reporting, regulatory compliance reviews, and ICMP/RCM alignment.
• Drive control design improvements and testing through automation and data insights.
• Manage evidence, records, and documentation for risk programs.

Skills

Risk management

Stakeholder management

Analytical thinking

Communication skills

Education

MBA/CPA/CFA designation

University degree

Industry securities/options/futures/investment management qualifications

Tools

Microsoft Office Suite

Excel

PowerPoint

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 MANA