Director, Capital Markets Internal Controls Management
Job Summary
Job Description
What is the opportunity?
Director, Internal Controls Management for Capital Markets (CM) is a newly established role reporting to the MD & Global Head of Operational Risk Controls & Governance (CM ORC&G). Leading a CM Controls Team, the incumbent will be responsible for building and maintaining a strong control environment for all CM lines of business (LoBs) globally in accordance with regulatory and internal policy requirements.Operating within the parameters of the risk governance framework designed by Second Line of Defense (2LOD), the incumbent will aim to achieve a high level of consistency and quality in approach, standards and methodology for risk and controls.
The group will consolidate the assurance, reporting and stakeholder management capabilities in relation to internal controls across CM.
What will you do?- Oversee controls testing/ongoing monitoring activities performed by 1LOD. This includes providing sufficient training and coaching to control testers/assessors as well as establishing success criteria at the control level, building annual test plan, providing quality assurance/control and oversight of control testing.
- Design the operating model by planning and managing all aspects of the CM internal controls program and its connectivity with various risk assessment processes (e.g. Risk & Control Self-Assessment (RCSA), Regulatory Compliance Management (RCM) Risk Assessment, Change Initiative Risk Assessment (CIRA)). This includes the development and delivery of CM-specific procedures to operationalize policy-level requirements, address any subjectivity at the policy-level, and account for regional-specific requirements.
- Socialize and enforce roles and responsibilities amongst 1LOD groups (i.e. Risk Owner, Control Owner, Control testers/assessors, RCSA facilitators, RCM champions, etc.) ensuring clear understanding of 1LOD accountabilities.
- Lead, design and perform continuous enhancement to the 1LOD Internal Controls operating model, to ensure it meets the needs of the enterprise and heightened regulatory requirements. This includes change management communication with 1LOD stakeholders.
- 10+ years of relevant experience along with experience managing teams.
- Strong analytical skill and experience using business analysis and database querying tools
- Strong presentation, communication (verbal and written), and interpersonal skills
- Good knowledge of operational risk management industry best practices for Capital Markets products
- Good knowledge of trading, lending and investment banking businesses with particular emphasis on the control environment as it relates to Front Office, Operations, financial and management reporting, and market/credit risk and compliance monitoring
- Ability to handle multiple tasks/priorities
- General IT awareness
- Ability to work independently and without immediate supervision
- Previous FO, functions and/or Audit or Risk Management experience is an asset
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
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
- Flexible work/life balance options
Job Skills
Decision Making, Financial Risk Management (FRM), Information Security Management, Operational Delivery, Risk Management, Security Management, Strategic Thinking
Additional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST:TORONTO
City:
TORONTO
Country:
Canada
Work hours/week:
- 5
Employment Type:
Full time
Platform:
CAPITAL MARKETS
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-01-29
Application Deadline:
2025-02-13
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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.