Associate Director - GRM Wealth Management Risk Oversight

What is the Opportunity?

Group Risk Management (GRM) is responsible for providing independent and objective oversight of the management of significant risks arising from RBC’s businesses and operations, supported by comprehensive risk management frameworks, policies and practices, robust risk management systems, and experienced professionals. The GRM Wealth Management team provides risk oversight, portfolio management, and assessment of both financial and non‑financial risk for RBC legal entities within the Wealth Management business.

This includes review of bespoke transaction risk, credit risk adjudication, and operational risks.

The Associate Director (AD), GRM – Wealth Management is responsible for providing independent and effective risk monitoring, control, and communications of both financial and non‑financial risk in the Wealth Management businesses. This individual will partner with stakeholders across business, risk management and technology to ensure the implementation of and compliance with risk policies and procedures. The individual will collaborate with internal stakeholders to promote a “Best of Class” risk monitoring and oversight environment.

• Manage the accurate and timely execution of reporting processes, with a focus on iterative improvement on the presentation of reports, turnaround times, and quality of stakeholder engagement
• Monitor changes in portfolio and macro environment to extract value‑added risk insight for senior management
• Pro‑actively investigate risks and perform deep dives to provide clear and comprehensive analysis to senior management on risk trends and concerns to influence decision making at senior leadership levels
• Contribute to the development of risk policies and establishing risk tolerance limits in conjunction with the business and other risk teams ensuring policies/limits remain current, comprehensive and clearly understood by all business partners
• Facilitate business growth through the review and assessment of new products, trading strategies or significant deals ensuring the risks are in line with RBC’s risk tolerance while recommending and implementing appropriate risk controls
• Partner with internal departments, including global risk groups, operations, IT, and the business, to embed a strong risk culture, provide expert advice on risk impacts of new initiatives, and ensure effective risk management practices are in place
• Support the innovation of risk analytic infrastructure working closely with business, IT and global risk groups to enhance the existing processes and tools to monitor risk exposures, conduct stress testing and scenario analysis, and prepare insightful reports and presentations for senior executives, risk committees, and the board of directors

• Strong proficiency in Microsoft PowerPoint (presentation design, storytelling) and Excel (data analysis, reporting templates)
• 6+ years experience in financial services with 3+ years of related experience in an enterprise or specialist risk control function (e.g., market, credit, liquidity, capital or operational risk)
• Experience with Python, SQL and Power
  
  BI or other data visualization tools
• Strong written and verbal communication skills
• Ability to prioritize in a fast moving, high pressure, changing environment.

• MBA, MA, MS or equivalent with emphasis in finance, risk management, data science, or a quantitative discipline is preferred
• Expertise in wealth management and custody

• A comprehensive Total Rewards Program including competitive compensation and flexible benefits
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high‑performing team
• Opportunities to do challenging work
• Opportunities to build close relationships with clients

Credit Analysis, Fraud Risk Management, Global Risk, Investment Economics, Investment Management Systems, Investment Risk, Investment Risk Management, Long Term Planning, Market Risk, Operational Risks, Quantitative Methods, Risk Control,…