Associate Director - Risk Identification and CCAR
Raleigh, NC 
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Posted 2 days ago
Job Description

Job Summary

Develops and implements global risk management reports, systems, and processes to minimize investments risks. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments.

Job Description

What is the Opportunity?This role resides within the Risk Identification group under the Group Risk Management - U.S. Enterprise Risk department.
  • Primary responsibility is the execution of the Risk Identification process is required as part of the regulatory requirements for the Comprehensive Capital Analysis and Review ("CCAR"), but also serves as part of RBC's ongoing risk management practices.
  • Provide support and input to the CCAR internal scenario design, emerging risks, resolution planning and other CCAR related matters as needed.
What will you do?Risk Identification:
  • Coordinate the full lifecycle of the Risk ID process
  • Facilitate discussion during Risk ID meetings and ensure execution of the Risk Identification process
  • Review and challenge assessment inputs from the First Line of Defense and Second Line of Defense
  • Review and challenge risk event descriptions for the appropriate logical structure, granularity, and idiosyncratic nature
  • Review existing risk reports, New Business Committee presentations, and other support materials to challenge business assumptions or highlight risk events that the LoBs may have missed for inclusion in the Risk Inventory
  • Liaise with Risk colleagues as needed to ensure robust 2LOD participation in the Risk ID process
  • Centrally aggregate and identify Material Risks
  • Track follow-ups and deliverables and set timing of next steps
  • Create and maintain the policy and procedures
  • Schedule and facilitate Risk ID meetings and Final Workshop
  • Prepare workshop presentation materials;
  • Present conclusions from Risk ID related business meetings to senior management at all governance forums including the Final Workshop, CUSO RMC, and secure approval from the US Risk Committee
  • Review and maintain the Risk Inventory of all risk events
Other Responsibilities
  • As priorities shift within the department, ad-hoc assignments will inevitably occur and resources are expected to be allocated as needed
What do you need to succeed?
  • Bachelor's Degree (in Accounting, Economics, Finance, or other Business related field)
  • Minimum 5 years work experience in relevant or complimentary capacities
  • Strong risk management background
  • Strong knowledge of CCAR and stress testing requirements as well as regulations related to capital planning and risk management
  • Strong communication skills, both written and verbal
  • Knowledge of financial services products (lending products, securities, etc.)
  • Inquisitive and proactive in identifying risks, proposing solutions and/or exercising sound and balanced judgement
  • Outstanding ability to analyze problems and strong attention to detail
  • Team player; ability to successfully partner with colleagues across departments and/or divisions
  • Ability to effectively communicate to stakeholders of varying levels, including under contentious circumstances
  • Ability to prioritize in a fast moving, high pressure, constantly changing environment
  • Strong Excel and PowerPoint skills required
  • Ability to be flexible and follow tight deadlines
  • High level of professionalism, self-motivation, and sense of urgency
Suggested Qualifications:
  • Previous Compliance, Audit, Control and/or Regulatory experience a plus
  • Previous Consulting experience a plus
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
  • Opportunities to do challenging work
  • Opportunities to building close relationships with clients
The good-faith expected salary range for the above position is $110,000 - $190,000 (NJ) depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs.This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:* Drives RBC's high performance culture* Enables collective achievement of our strategic goals* Generates sustainable shareholder returns and above market shareholder value

Job Skills

Business Performance Management, Investment Banking Analysis, Investment Economics, Investment Management Systems, Investment Performance Measurement, Investment Risk, Investment Risk Management, Market Risk, Operational Risks, Performance Management (PM), Quality Management, Risk Management, Standard Operating Procedure (SOP)

Additional Job Details

Address:

8081 ARCO CORPORATE DRIVE:RALEIGH

City:

Raleigh

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-03-14

Application Deadline:

2024-03-21

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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Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
5+ years
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