Associate Director, U.S. Strategic Risk

$110,000 - $190,000/Yr

Royal Bank of Canada - Jersey City, NJ

Full-time - Mid Level

Jersey City, NJ

Credit Intermediation and Related Activities

About the position

This role is part of Group Risk Management - U.S. Enterprise Risk, supporting the coordination of independent risk oversight of the RBC U.S. strategic plan and execution of the Strategic Risk Management framework for the Combined US Operations (CUSO), RBC's Intermediate Holding Company (RIHC) and branches within the U.S. This role will provide oversight and guidance to the lines of business (LoB)s, coordinate with GRM functions in the US and Canada and assist in reviewing strategic transactions and understanding developments that could represent strategic risks to RBC US.

Responsibilities

• Coordinate with stakeholders at LoBs to rationalize various strategic risk management policies to the CUSO level
• Coordinate with stakeholders at Enterprise to ensure CUSO level policies and standards align to enterprise requirements
• Annually coordinate second line of defense review and challenge of the RBC US strategic plan
• Provide guidance as necessary on review and challenge documentation requirements
• Aggregate and prepare consolidated second line of defense independent assessment of CUSO strategic plan for management and board committees
• Coordinate Periodic Strategy Reviews to monitor progress on execution of strategic initiatives and alignment to Risk Appetite
• Assist with periodic reviews and requests for information from Internal Audit and various stakeholders across risk
• Implement Enterprise policy & standards associated with change risk at CUSO and tailor requirements as appropriate for the US
• Develop New Initiatives reporting for senior management and the Board
• Coordinate with stakeholders at the Enterprise, across Risk Stipes and at the LoBs

Requirements

• Bachelor's Degree in Business, Finance, Law or other related fields
• 5+ years previous experience work in a Risk Management role in a Financial Services organization
• Knowledge of one or more key risk discipline (e.g., Enterprise, Market, Counterparty, Credit, Liquidity and Operational Risk)
• Experience with Strategic Planning or Strategic Risk oversight
• Experience developing processes and controls related to Heightened Standards or Reg YY will be prioritized
• Strong written and verbal communication skills
• Ability to influence multiple stakeholders at different levels of an organization
• Experience managing complex projects and initiatives
• In-depth knowledge of MS Office

Nice-to-haves

• Master's Degree in Business, Finance, Law or other related fields
• Risk Management certification (e.g. FRM)

Benefits

• 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 build close relationships with clients