Director, HR Regulatory Compliance Governance

Job Summary

Job Description

What is the opportunity?

As a key and integral member of the HR Governance & Controls team, the Senior Director, HR Risk Oversight & Governance will support the VP, HR Governance & Controls with establishing a new centralized People Risk oversight governance practice that sits at the centre of HR’s Centres of Expertise (COEs) to drive comprehensive monitoring, oversight and reporting of a range of regulatory, risk and compliance frameworks across all global jurisdictions. Specifically, this position will play an active and leading role in:

• Defining, implementing and maintaining a clear operating model and strategy for the global HR function’s effective challenge and risk oversight practice that ensures 1LOD and 2LOD responsibilities are clearly articulated, well understood and align with the enterprise operational risk framework.
• Enhancing and sustaining a robust 2nd line of defense Centre of Governance (COG) practice for enterprise level People Risk oversight and risk management in alignment with enterprise risk requirements.
• Ensuring People Risks across the enterprise are appropriately identified, mitigated, measured, monitored and fit within the risk appetite of the HR Function and RBC, generally.
• Being a strategic and proactive thought leader in the risk oversight space, formulating strategy direction and implementation from a risk oversight perspective and enabling forward-looking and action-oriented senior level discussions of key and emerging risks impacting the global HR function and the enterprise.

• People Risk Centre of Governance: Leadership accountability of HR’s 2LOD function with management and oversight of RBC’s enterprise-level People Risk profile. Represent and advocate for appropriate consideration of People Risks, including mitigation strategies and controls, in key decision-making and business initiatives across the enterprise.
• Oversight & Strategic Risk Management: Provide strategic risk oversight and effective challenge of risk assessments across the enterprise ensuring risks inherent in new or amended products, initiatives, strategies, processes and systems which may impact people management policies and practices, employment terms & conditions or health and safety standards, are efficiently and accurately identified, assessed, mitigated, controlled and monitored, while maintaining and/or optimizing the risk reward balance.
• Policy Ownership: Collaborate with the other HR COEs to establish and maintain People Risk policies and procedures including monitoring of adherence to same from an enterprise perspective. Ensure policies are consistent with governing regulations and internal enterprise policies/frameworks.
• Regulatory Compliance: Monitor applicable legislative, regulatory and compliance changes which could impact RBC HR’s range of programs globally and ensure regulatory requirements and expectations are being proactively and adequately addressed with prudent oversight. Lead coordination of, and provide support with, responses in relation to regulatory exams, regulator inquiries/requests for information, proposed rule amendments, gap assessments, etc., including review and challenge as required.
• Monitoring Oversight: Monitor external events, relevant industry practices and the business environment, as well as internal changes and developments to identify emerging risks and evaluate impact of industry and/or regulatory changes on the HR function and to the People Risk oversight COG.
• Issue Management: Ensure appropriate identification, logging and tracking of People Risk issues within the Enterprise Issue Management (EIM) system, providing oversight on issues at initiation and closure, ensuring adequate remediation and sustainability. Work with the Enterprise Chief Controls Office to ensure results of testing of controls for the HR function are communicated and considered for impact to risk assessments and risk posture.
• Control Governance: Ensure a strong control environment where People Risk is effectively mitigated and supported by well documented controls, processes and practices. Raise issues in risk management systems where there is non-compliance with HR regulations or where there is no control, or a problem with a control.
• Reporting: Support the strategic development and preparation of comprehensive reporting and presentations for the HR OC, the CHRO, providing an overview of the internal/external risk and regulatory oversight environment including ongoing reporting and monitoring of risk appetite measures, trends and 2LOD risk metrics. Collaborate with relevant stakeholders and partners to develop and monitor Key Risk Indicators (KRI) and Key Performance Indicators (KPI). Provide a quarterly opinion on the state of the People Risk profile.
• Training & Education: Define, maintain and operate a risk training program that provides information and education about People Risk and controls to promote enhanced awareness and strengthen risk culture. Champion adherence to risk frameworks as per enterprise risk policies, ensure partners are aware of impacts and requirements
• People Leadership: Direct management and leadership of team member(s).

What do you need to succeed?

• Minimum of 7 years of previous work experience in Regulatory Compliance risk management and/or Compliance Governance.
• Knowledge of OSFI E-13 and/or RCM methodology
• Strong collaboration and stakeholder management skills
• Excellent written and verbal communication skills
• Experience and ability to deal with senior leadership and executives
• People management experience

• Law degree or legal background/experience
• Knowledge of the functions oversight/reliance model to regulatory compliance
• Strong use of Excel and PowerPoint applications
• Dashboard/reporting capabilities
• HR related experience

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, commissions, and stock where applicable
• 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

Job Skills

Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Financial Regulation, Industry Knowledge, Interpersonal Relationship Management, Product Services, Risk Management, Strategic Thinking

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

1. 5

Employment Type:

Full time

Platform:

HUMAN RESOURCES & BMCC

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-06-16

Application Deadline:

2025-06-30

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

Inclusion and Equal Opportunity Employment

RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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