Job Summary
Directs the identification and measurement of organizational, physical and financial risk; implements programs and business processes to minimize risk. Manages a team of directors, senior managers, and managers by providing financial and people resource guidance.
Job Description
What is the Opportunity?
The Head of First Line Risk & Controls (HFLR), a newly established, executive role reporting to the CEO, will be charged with designing, building and overseeing a central first line of defense (1LOD) risk control and operations function to support RBC Bank's (the Bank) lines of business (LoBs), in close partnership with second line of defense (2LOD) teams, to ensure that the Bank effectively meets its strategic priorities by effectively mitigating and managing risks emanating from the 1LOD.
Operating within the parameters of the risk governance framework designed by Independent Risk Management, the new function will aim to achieve a high level of consistency and quality in approach, standards, and methodology for risk and controls to better enable the 2LOD's aggregation of material risks across the Bank.
What will you do?
Influence senior business leaders and drive risk perspective, risk accountability and risk culture throughout the Bank's LoBs
Provide direction to LoB Division Risk Managers to maintain an integrated and consistent approach to risk identification, monitoring, measurement, issue management, and reporting
Work with LoBs and 2LOD functions to implement consistent risk management processes related to risk identification, risk assessment, issue management, reporting, and training
Oversee central risk operations functions focused on 1LOD control design and documentation, risk and compliance control monitoring and testing, and quality assurance and review activities pertaining to LoB controls, policies, and procedures
Engage with a broad group of internal and external stakeholders, including RBC Bank executive management, leaders, and managers across the lines of defense, and the Bank's regulators
Communicate on overall risk identification and control environment to RBC Bank executive leadership and 2 LOD
Leads, designs, and conducts continuous improvement on 1LOD risk operating model and transformation to ensure it meets the needs of the enterprise and OCC Heightened Standards
Oversees controls monitoring and testing Center of Excellence (COE), including with respect to quality assurance and verification activities (e.g., QA/QC, reviews)
Lead change management communication with 1LOD stakeholders based on new products, strategic changes and/or new requirements
Support LoBs to execute effectively with discipline on risk related projects
What do you need to succeed?
Minimum 12 years of Banking experience
Minimum of 7 years of Management experience
Bachelor’s degree (or equivalent)
Substantial broad experience in risk management, including enterprise-level risk roles within the context of a large national bank (supervised by the OCC)
Specific risk management subject matter expertise, preferably in non-financial risk areas (e.g., operational risk, compliance, enterprise risk)
Strong understanding of relevant banking regulation and supervisory expectations for large national banks
Track record of successfully overseeing complex large-scale transformation programs ideally including regulatory remediation programs at peer institutions
Track record of managing senior internal relationships and demonstrated experience in leading sustained change and change management efforts
Well-developed listening skills and a strong ability to engage at the executive management level
Articulate and effective communicator, both orally and in writing
Strong interpersonal skills, with evidence of working in collaboration across large, complex organizations, including effective influencing skills
Self-motivated, proactive, and resourceful, with ability to identify solutions to issues; strong attention to detail required
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
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:
Personal and Commercial Banking
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2024-03-13
Application Deadline:
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.
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