Senior Manager – CFO Operational Risk
| Company | Royal Bank of Canada |
|---|---|
| Location | Toronto, ON, Canada |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior |
Requirements
- Financial designation (i.e. CPA: CA/CFA or CGA) or equivalent work experience
- 5+ years in the financial services industry
- Exposure to risk management or similar compliance programs in like organizations
- Good knowledge of leading operational risk practices
- Business maturity level and skill/judgment to be able to deal effectively with leadership team members within the CFO Group, as well as enterprise wide as required; strong impact and influence skills
- Strong presentation and communication (verbal and written) skills
- Strong problem solving, analytical (including qualitative analysis), research, and quantitative skills
- Sound knowledge of project management practices
Responsibilities
- Execute operational risk programs within the CFO Group in accordance with RBC’s Operational Risk Management Framework.
- Develop and maintain CFO-wide specific policies, procedures, and tools to comply with RBC’s Operational Risk Management program.
- Perform risk and control assessments, including review of business processes, significant initiatives, significant loss events, and what-if scenarios, to identify where operational risks might manifest and where controls need to be put in place.
- Assesses the effectiveness of the control environment, recommending mitigating strategies as appropriate.
- Investigates loss events to assess for potential control weaknesses, ensure appropriate corrective action is taken to mitigate the risk exposure.
- Review the portfolio of CFO initiatives, liaising with initiative stakeholders as required, to develop a point of view on the overall risk profile of the portfolio and, conducting more detailed assessments as required for the identification and mitigation of future state risk impacts.
- Carries out research into areas of perceived, elevated, or emerging operational risk, to conduct qualitative / quantitative analysis of operational risk information.
- Collaborate with partners across the CFO Group, GRM Operational Risk and other RBC Functional teams to understand program requirements, share best practices and identify and evaluate relevant risks and controls.
- Promotes a strong culture and understanding of operational risk management practices within the CFO Group through proactive communication & identifying opportunities and solutions to make it easier for our business partners to meet business goals.
- Advise CFO Senior Leaders on significant or pervasive areas of emerging operational risk and/or issues. Identify root causes, assess trends and implications and recommend and track corrective actions.
- Assess the impact of new policy and standard requirements on the CFO Group program, processes and controls.
- Monitor status of operational risk programs, key risks indicators, and emerging trends to provide periodic reporting to Governance Committees.
- Leverages technology to streamline, automate and enhance reporting process.
Preferred Qualifications
- Business Process Design
- Decision Making
- Financial Risk Management (FRM)
- Operational Risks
- Risk Control
- Risk Management
- Teamwork