Senior Project Manager - Wholesale and Enterprise Credit Risk

Royal Bank of Canada

What is the opportunity?


You will manage the delivery of functionality implemented by multiple IT teams, organized as multiple, interdependent work streams in the Risk Capital and Credit Risk Reporting Program, with an aggressive timeline.  


In 2013, two regulatory reviews by the Office of the Superintendent of Financial Institutions (OSFI) followed by a comprehensive third-party review by Oliver Wyman resulted in approximately 100 specific recommendations for improvements to existing processes and data. Properly addressing all of the outstanding recommendations will require a fundamental review of all aspects of the estimation process including how relevant data is identified, collected, and processed. Further, implementation of segmentation changes as well as certain enhancements will necessitate changes in several existing IT systems and applications.  The resulting program – Wholesale Parameter Enhancement Program (WPEP) was split into 8 separate projects.


What will you do?


  • Perform all standard project management functions including financial planning and control, task decomposition and execution, proactive risk and issue management, project health checks, verbal and written communication to Function (Risk) and IT, vendor management and team leading
  • Adopt Agile methodologies and use them as a mechanism to improve the quality of deliverables, reduce project duration and mitigate risk
  • Work in partnership with the Risk, IT staff and vendors to scope, define, analyze, estimate, budget and oversee large scale IT projects (including infrastructure, data, systems and business process) from start to finish. Develop, monitor and execute project plans and coordinate timely execution of major milestones, approvals, sign-offs and implementation. Coordinate release of deliverables to users
  • Aggressively manage priorities and issues where conflicts arise; mediate and resolve project team conflicts
  • Regularly report progress of project status, milestones, achievements and budgetary standing in both formal (e.g. Executive Steering Committee) and informal settings
  • Work with vendors and suppliers to procure equipment and technology.  Actively manage all vendor deliverables for the project. Organize RFP and POC phases of projects, if required.  Guide project team in developing criteria for and participate in the evaluation of 3rd party vendors and software as well as due diligence exercises
  • Communicate effectively with developers, database administrators, network analysts, systems analysts, senior management, project sponsors and business users
  • In conjunction with business partners, develop and present project business cases to the appropriate approval committee. Provide regular risk assessments and work with Operational Risk team on mitigation strategies and monitoring. Administer project modification/change control; obtain estimates of duration and price for changes to be approved by the steering committee responsible for the project


What do you need to succeed?




  • Experience in managing delivery of application development programs of approx. $6MM to $8MM annual spend of high complexity is a prerequisite 
  • Strong Project Management skills, including managing project scope, time, cost and quality. High level of general management skills, including leading, negotiating, communicating and team building
  • Knowledge of Wholesale Credit Risk and Risk Capital (Regulatory and Economic Capital) is beneficial
  • Minimum of 6 years success as an IT project manager, with proven people management skills
  • Must have experience in running Agile and Iterative projects. Bachelor’s Degree in Business, MIS/IT, or a related field




  • PMP Certification
  • Working knowledge of Regulatory and Economic Capital calculation and reporting, Basel II and Basel III regulations
  • Understanding of risk management concepts and risk analytics


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
  • A world-class training program in financial services


Learn more about RBC Tech Jobs


About RBC
Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit


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Inclusion and Equal Opportunity Employment
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.


City:  Toronto
Address:  88 Queens Quay W
Work Hours/Week:  37.5
Work Environment:  Office
Employment Type:  Permanent
Career Level:  Experienced Hire/Professional
Pay Type:  Salary + Variable Bonus
Required Travel(%):  0-25
Exempt/Non-Exempt:  N/A
People Manager:  Yes
Application Deadline:  2017-03-31
Req ID:  158091

Posting Notes:  SF:JB

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Confirmed 6 hours ago. Posted 26 days ago.

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