Director, Controls & Integrity – Stress Testing and Capital Adequacy - Toronto - ref. y06309319

Job Summary

Job Description

What is the opportunity?

As part of the Group Risk Management team, the Director, Controls & Integrity – Stress Testing and Capital Adequacy will report to the Senior Director, Stress Testing & Credit Provisioning - Controls & Integrity. As Director, you will apply your business knowledge, project management and controls experience within financial reporting or risk management to act as a valued business advisor over the controls and governance framework that applies to credit provisioning, stress testing and / or recovery and resolution, working closely to support numerous stakeholders across the Stress Testing, Credit Analysis and Measurement (STCAM) team.

You will be responsible for control and governance thought leadership and subject matter expertise over your team’s areas of accountability. This can include the control and governance framework over credit provisioning, enterprise-wide or regulatory stress testing and / or recovery and resolution as well as the internal capital adequacy assessment process.

This role will initially focus on the stress testing and capital adequacy pillars.

• Provide effective leadership of the Controls & Integrity – Stress Testing and Capital Adequacy team, to ensure that a strong controls and governance framework is maintained over stress testing and capital adequacy processes including the Internal Capital Adequacy Assessment Process (ICAAP), the Enterprise-Wide Stress Testing (EWST), the Comprehensive Capital Analysis and Review (CCAR) and the Macro-economic Stress Test (MST). Ensure that the team appropriately prioritizes deliverables through strong understanding of life cycle of each stream of work.
• Provide subject matter expertise on the Bank’s (ICAAP), leading the production of annual and quarterly deliverables internally and externally (e.g., to OSFI). The role will involve redesigning the process and related procedures and documentation for better alignment to the Bank’s risks, greater efficiency and more effective coordination with other related programs (e.g., Corporate Treasury’s Capital Planning process and the Enterprise-Wide Stress Testing (EWST) process).
• Execute on the team’s strategic and core priorities. Develop comprehensive plans to drive ad hoc requests and deliverables from senior executives and regulators as well as to deliver on the core regulatory and internal filings, predominantly as they relate to ICAAP. In addition, provide detailed review and oversight over the team’s deliverables to ensure that all outputs from the team are of sufficient quality to withstand executive review, audit and regulatory scrutiny. Appropriate supervision of the team’s work, especially with respect to regulatory or financial filings, is a core component of RBC’s control and governance model.
• Through technical writing and clear communication, present quantitative and qualitative materials, concisely and accurately, to key stakeholders. This will include ensuring that technical and non-technical stakeholders have a clear understanding of critical capital adequacy and stress testing issues as well as the key business implications to consider with respect to core deliverables.
• Drive change through collaboration with other stakeholders and teams, including but not limited to, effective partnerships with teams responsible for Credit, Market, Liquidity and Operational Risk, Stress Testing, Capital Planning, Internal and External Audit as well as other key stakeholders.
• Set clear direction, aligned with strategy, to drive team results. Accountable for managing the workload of the team through ensuring that deliverables and issues are appropriately identified and prioritized, taking into account the requirements and timelines of the underlying program. Accountable for staff development, differentiated development routines, and engineering opportunities for staff. Develop operational resilience through day-to-day succession planning and back-up strategies.
• Support the periodic status reporting on progress against control and governance initiatives/issues, including self-identified, operational risk, audit and regulatory issues impacting STCAM.

What do you need to succeed?

• Demonstrated subject-matter expertise in capital adequacy and / or stress testing, with significant experience in understanding and executing on regulatory requirements. Ability to discuss the key technical requirements in these areas, and the methodologies and procedures used to develop regulatory outputs.
• Significant team leadership capabilities, with demonstrated ability to drive team results: delegating effectively, setting clear direction and timelines, iterating and performing detailed review to ensure that any deliverables are of a high level of quality to deliver on the team’s mandate.
• Ability to take a high-level analytics / risk ask from senior management and to pull the pieces together for a comprehensive, well considered response from start-to-finish, collaborating with others as required for timely delivery.
• Demonstrated relationship competencies with the ability to work cross-enterprise to drive initiatives forward. Experience managing, organizing, and tracking control and governance issues and responses, including project management to effectively manage milestones, and status reporting.
• Strong demonstrated understanding of controls and governance within a regulated financial institution. Experience working with regulatory requirements and best practices related to SOX, regulatory controls, internal audit and/or other governance and control frameworks. Proven experience with reviewing, and challenging proposed corrective actions, ensuring control and governance issues are addressed in a timely manner.
• Excellent written and verbal communication skills demonstrated through clear articulation of relevant risks and mitigating controls.
• Exceptional organization and time management skills, with experience ensuring that team accountabilities are delivered with precision, on a timely basis.

• Critical thinker with demonstrated experience challenging and effectively proposing better alternatives and operationalizing change.
• Cross-functional capability, with good business, risk, and regulatory requirement knowledge in more than one of the following risk areas: IT risk, market or trading risk, credit risk, structural interest rate risk, and liquidity risk. Strong knowledge of best practices regarding Operational Risk practices in a financial institution
• PMP and/or PgMP certification

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.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to take on progressively greater accountabilities
• Leaders who support your development through coaching and managing opportunities

Job Skills

Building High Performance Team, Business Analytics, Capital Adequacy, Comprehensive Capital Analysis and Review (CCAR), Decision Making, Governance Framework, Leadership, Operational Delivery, Operational Risks, Quality Management, Results-Oriented, Risk Management, Strategic Thinking, Stress Testing

Additional Job Details

Address:

RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

1. 5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-01-15

Application Deadline:

2025-01-31

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

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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