Director, Capital Markets, Internal Audit

Overview

Job Description

What is the opportunity?

As a Director, Capital Markets, Internal Audit (IA) you will oversee and lead teams in audit engagements that assess the effectiveness of internal controls, risk management practices, corporate governance processes, and fraud prevention and detection in the Capital Markets (CM) platform of RBC. You will take a strategic approach to engagements that incorporate emerging risks and the implementation of new approaches and techniques, including leveraging Data Analytics to widen the scope of audits and assurance reviews, provide insights to the Internal Audit group, and act as a trusted advisor to the business.

As part of annual planning, you will contribute to the creation of an efficient audit plan for the fiscal year, including coverage of key areas, seeking efficient incorporation of emerging risks and horizontal audits. Further, this includes incorporating thorough, documented risk assessments of the CM business and the results of collaboration with other IA teams and various Internal Audit Centres of Excellence.

This role is in Toronto, however, will partner with regional Internal Audit teams globally.

During your tenure, you will gain exposure to RBC Capital Markets products, business lines, technologies, and strategies, adding to your CM subject matter expertise. You will also work with management in achieving business objectives by identifying opportunities to improve business operations, while remaining objective and independent.

RBC Internal Audit leverages a unique perspective— with a coordinated view across the entire business—to deliver valuable insights that not only gives assurance, but also illuminates a bigger picture, connects dots, builds best practices and broadens possibilities. We connect intelligence to protect and enable RBC.

What will you do?

• Lead and manage internal audit professionals, taking accountability for and ensuring high quality and timely execution of audits in the annual plan, including various businesses within RBC Capital Markets (CM) – Global Markets, Corporate and Investment Banking, CM Wholesale Operations (BCS), and CM COO Functions
• Review and challenge audit reports and associated audit documentation (including work papers) in accordance with current IA methodology drafted by managers/senior managers for submission to the Managing Director and presentation to business stakeholders
• Continually develop relationship with business stakeholders, in part through continuous risk monitoring, to become a trusted advisor, working collaboratively to assesses the effectiveness of key risk management strategies with coordination with first and second lines of defense
• Contribute to the development of the Capital Markets Internal Audit team by (i) providing direction, coaching, and effective feedback, (ii) imparting specialized skills and knowledge to audit team members through peer discussions and cooperation on integrated audits, (iii) modelling a global, one-team mindset, and (iv) modelling and promoting innovation and adoption of new tools.
• Contribute to and provide input into development of the annual audit plan with special accountability for your CM focus area (e.g., Audit Universe, Risk Assessments, Plan development, collaboration across IA teams) and/or additional areas, if needed, for the Capital Markets business, along with the development of a multi-year strategic approach to auditing the portfolio
• Respond to stakeholder needs quickly and efficiently, while building constructive relationships with Internal Audit peers and business partners
• Assist with Regulator requests in all regions
• Manage team’s delivery of high quality and timely issue validation efforts
• Support, and from time to time take lead role in producing, quarterly management and legal entity reporting, as requested by Capital Markets Internal Audit leadership
• Participate in various CAE Group initiatives, as requested by Capital Markets Internal Audit leadership
• Leverage data analytics (and related insights) within and across audits, to gain and document deeper insights into the root-causes and potential impacts of audit issues while driving process…