Director - Risk Identification and CCAR

Job Summary

Directs the identification and measurement of organizational, physical and financial risk; implements programs and business processes to minimize risk. Manages activities through senior managers and managers and implements corporate and divisional strategic plans and budgets.

Job Description

What is the Opportunity?

This role resides within the Risk Identification & CCAR group under the Group Risk Management - U.S. Enterprise Risk department.

Subject Matter Expert on the execution of CUSO Risk ID program.Drive change through both a bottoms‐up and top-down approach to improving both the identification, quantification, and measurement of risks across the US Enterprise Risk platform.Provide support and input to the CCAR internal scenario design, emerging risks, resolution planning and other CCAR related matters as needed.Day to day management of team, mentorship of junior members across the GRM platform.

What will you do?

Risk Identification

Responsible for the end-to-end execution of the Risk ID processLead discussions during Risk ID meetings and ensure proper execution of the Risk Identification process from both a First Line of Defense and Second Line of Defense perspectiveProvide review and challenge of inputs from the First Line of Defense and Second Line of DefensePresentation of outputs to the U.S. Risk Management Committee and the U.S. Risk Committee of the BoardWork with the Scenario Design team to ensure material and emerging risks are properly integrated into the internally created U.S. scenariosEvolve the Risk ID program to meet the future needs of the BankEnsure policies and procedures are up to date

Team Management

Responsible for managing staff and prioritizing deliverables across the departmentCreate development plans for staff to broaden their knowledge base across processes, risk disciplines and regulatory requirements

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 10 years work experience in relevant or complimentary capacitiesStrong risk management background, with extensive experience working directly in risk management departmentsStrong knowledge of CCAR and stress testing requirements as well as regulations related to capital planning and risk managementStrong communication skills, both written and verbalExtensive knowledge of financial services products (commercial loans, CRE, residential mortgages, securities, repo/reverse repo, etc.)Strong understanding of business strategies in the lending and capital markets spaceInquisitive and proactive in identifying risks, proposing solutions and/or exercising sound and balanced judgementOutstanding ability to analyze problems and strong attention to detailTeam player; ability to successfully partner with colleagues across departments and/or divisionsAbility to effectively communicate to stakeholders of varying levels, including under contentious circumstancesAbility to prioritize in a fast moving, high pressure, constantly changing environmentStrong Excel and PowerPoint skills requiredAbility to be flexible and follow tight deadlinesHigh level of professionalism, self-motivation, and sense of urgency

Suggested Qualifications

Compliance, Audit, Control and/or Regulatory experience a plusPrevious 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 applicableLeaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging workOpportunities to building close relationships with clients

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

Auditing (Inactive), Audits Compliance, Business Analytics, Decision Making, Financial Risk Management (FRM), Information Security Management, Occupational Safety and Health, Operational Delivery, Quality Management, Results-Oriented, Risk Management, Security Management, Strategic Thinking, Training Programs

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

2024-03-13

Application Deadline

2024-03-14

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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