MD, Cross Business Controls & Enablement

Overview

What is the Opportunity? This position is responsible for leading 1

LOD Cross Business Controls & Enablement for Consolidated US Operations (CUSO) and global Capital Markets (CM) – the ‘market in scope’. The primary purpose of the role includes designing, managing and transforming Business Controls activities across the in-scope market identified above, while aligning with RBC US and Capital Markets Strategic Plans and with the Enterprise Controls Operating Model. This position will play a leadership role in transforming the Business Controls model to an integrated, proactive, and efficient foundation for scalable growth.

In doing so, this position will work in lock-step with key stakeholders across businesses, functions, regions and the Enterprise.

This incumbent will need to have expertise in areas of 1

LOD business controls and risk management, coupled with a strong understanding of businesses/products in scope and expectations of regulators in the market in scope. This role has a high degree of interconnectedness across businesses (global Capital Markets, City National Bank, RBC Bank (Georgia), US Wealth Management), regions (US, CA, EU, Asia), and stakeholder groups (businesses, regional management, enterprise controls, 2

LOD, 3

LOD, regulatory relations, prudential and securities regulators). In addition, this role is tightly integrated into the CUSO/CM Chief Controls Office team, which has accountability for ensuring that our control environment is fit for purpose and operating effectively across the 1st line for CUSO and global CM. Whereas the primary purpose of this role is described above, the primary purpose of the other leaders on the team includes centers of expertise focused on business products/services, integrating operational risk across businesses, controls for the operations functions, exam and audit management, implementing regulatory change, and embedding the Cross Business Controls & Enablement work into business-as-usual processes.

Design, develop and manage and transform 1

LOD Business Controls across CUSO and Global CM
, by
1) understanding how controls in areas across these businesses and functions are designed and operate to meet operational and regulatory requirements material to the businesses in scope, and
2) designing, implementing and managing end-to-end processes to ensure controls managing risks that reach across businesses in scope are fit for purpose and operating effectively.

Design, develop the Cross Business Controls & Enablement capability:

• Operate as a conduit through which changes to Enterprise expectations (frameworks, policies, etc.) flow to be consistently interpreted, operationalized and sustained across CUSO and CM, providing flexibility at the business level where it makes sense
• Leverage the same conduit to integrate into the Enterprise where explanation and reporting on how Enterprise expectations have been interpreted, operationalized and sustained across CUSO and CM
• Work collaboratively with each of the CUSO 1
  
  LOD teams (Capital Markets, City National Bank, RBC Bank (Georgia), Wealth Management) and 2
  
  LOD partners to design and implement consistent processes related to risks that reach across businesses
• Collaborate with CUSO CCO team members to communicate changes to control effectiveness so that relevant CUSO CCO team members can update risk registers and other framework tools (RCSA, ORMS, etc.)
• Collaborate with CUSO CCO team members to support CUSO businesses with establishing an appropriate internal control structure, including the design and documentation of controls
• Standardize CUSO business-level non-financial risk and control reporting related to cross business risks for the CEO, Senior Management and the Board. This requires a full understanding of and participation in the standardization of relevant reporting for each line of business, region and legal entity.
• Participate in the US Scenario Analysis program, providing support to the business on risk and control considerations, as required
• Execute CCO team HQ activities to enable a consistent and efficient operating model

• Advisory Support:
  Foste…