Associate Director, Controls & Integrity, Stress Testing and Capital Adequa at Dr Bill RBC Ventures

Toronto, Ontario, Canada -

Full Time

Start Date

Immediate

Expiry Date

18 Sep, 26

Salary

0.0

Posted On

20 Jun, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Capital Adequacy, ICAAP, Capital Analysis, Capital Management, Capital Planning, Credit Risks, Economic Capital, Governance Controls, Internal Controls, Market Risk, Operational Risks, Regulatory Capital, Regulatory Compliance, Risk Management, Stress Testing, Collaboration

Industry

Banking

Description

Job Description What is the opportunity? The Associate Director, Controls & Integrity, Stress Testing and Capital Adequacy reports to the Director, Controls & Integrity - Stress Testing and Capital Adequacy. You will apply your business knowledge, subject matter expertise, project management and controls experience within financial reporting or risk management to work closely in support of numerous stakeholders and Senior Directors across the Credit Provisioning & Stress Testing (CPST) team. You will be responsible for providing ongoing control and governance thought leadership and support for programs potentially spanning the Bank’s internal capital adequacy assessment program (ICAAP), stress testing (Enterprise-Wide Stress Testing (EWST) and Comprehensive Capital Analysis and Review (CCAR)), Recovery and Resolution (RRP) and credit provisioning (IFRS 9 and CECL). This role will have a particular focus on the capital adequacy pillar. What will you do? Provide subject matter expertise on the Bank’s Internal Capital Adequacy Assessment Process (ICAAP), leading the production of annual and quarterly deliverables, both internally and externally (e.g. to OSFI). Working and coordinating closely with other related programs (e.g. Corporate Treasury’s Capital Planning process and EWST). You will be responsible for developing and executing on a comprehensive plan to deliver on the core regulatory and internal filings as they relate to the ICAAP. Provide quantitative and qualitative analysis of the Bank’s internal capital position, including analysis of Pillar I and Pillar II risks. Drive change and continuous improvement to the ICAAP process, including enhancements to methodology and Pillar II risk quantifications and analysis, through collaboration with other stakeholders and teams including but not limited to teams responsible for regulatory capital, economic capital, credit modeling & methodology, model governance, stress testing, capital planning, internal and external audit, as well as other key stakeholders. Provide subject matter expertise in the identification, design and management of internal controls associated with processes managed by CPST. This includes providing risk and control leadership over processes such as system infrastructure and development, information and data management, processing and execution, as well as the overall governance framework related to CPST programs, with a focus on the capital adequacy processes. Actively seek to simplify and streamline processes and key controls to improve agility and effectiveness of underlying activities for BAU programs. In this role, focus will be on reviewing and revising processes related to the Bank’s ICAAP program. Provide an independent assessment of key controls, making recommendations on the sufficiency and appropriateness of the controls and evidence packages in relation to what risks are being addressed. Provide direct support to CPST teams and stakeholder groups (e.g. finance, IT, corporate treasury and other risk teams) to actively assess, develop and implement controls to meet internal (e.g. RBC’s Internal Controls Management Policy) and external (e.g. regulatory) control requirements. This will include: Coordinating with subject matter experts such key business and operations leads and testing specialists to ensure controls are implemented and operating effectively. Ensure that responses to auditors, regulators and other relevant stakeholders and integrated and well-coordinated across the Enterprise workstreams. This includes monitoring and tracking progress to ensure that appropriate information and deliverables are provided on a timely basis. Review and recommend controls and corrective actions / remediation approaches to address self-identified, regulatory or audit findings or significant control / governance gaps Identify and effectively escalate potential issues to the Director / Senior Director with appropriate recommendation(s) to resolve the identified issue. Interpret and execute on the key policy requirements Support the periodic status reporting on progress against control and governance initiatives/issues, including self-identified, operational risk, audit and regulatory issues impacting CPST. Program management including planning, scheduling and tracking of critical CPST projects and other team initiatives. Coordinate team efforts surrounding key deliverables and project timelines and manage conflicting priorities. Develop tools and Enterprise approaches to assist the CPST team with ensuring that there is a strong controls and governance framework including around process and controls documentation as well as Issue tracking Prioritize and facilitate responses to queries and ad hoc requests coming from internal and external stakeholders What do you need to succeed? Must Have 7+ years in capital adequacy, risk or financial management and oversight/governance, preferably with a strong demonstrated understanding of Pillar I and Pillar II risks, as well as controls and governance within a regulated financial institution. Experience working with regulatory requirements and best practices related to SOX, regulatory controls, internal audit and/or other governance and control frameworks. Well-developed (demonstrated) relationship competencies with the ability to work cross-enterprise to drive initiatives forward. Experience managing, organizing, and tracking control and governance issues and responses, including project management to effectively manage milestones, and status reporting. Ability to quickly grasp new concepts, especially in the field of capital adequacy, stress testing and/or risk management. Highly collaborative with strong communication and interpersonal skills, critical thinking, keen attention to detail and ability to navigate complex regulatory frameworks. Excellent written and verbal communication skills demonstrated through clear articulation of relevant risks and mitigating controls. Precision in execution and delivery through effective organization and time management skills. Advanced computer skills in spreadsheet management and building presentations. Nice to Have Modelling and statistical capabilities to assess regulatory and economic capital Cross-functional capability, with good business, risk, and regulatory requirement knowledge in more than one of the following risk areas: IT risk, market or trading risk, credit risk, structural interest rate risk, and liquidity risk. Strong knowledge of best practices regarding Operational Risk practices in a financial institution Conceptual thinker with a curious mind to challenge and question the status. Proven experience with reviewing, and challenging proposed corrective actions, ensuring control and governance issues are addressed in a timely manner. Demonstrated project management experience 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 and competitive compensation Leaders who support your development through coaching and managing opportunities Ability to make a difference and lasting impact Flexible work/life balance options Work in a dynamic, collaborative, progressive, and high-performing team Opportunities to do challenging work Job Skills Capital Adequacy, Capital Adequacy Assessment Process (ICAAP), Capital Analysis, Capital Management, Capital Planning, Collaboration, Communication, Credit Risks, Economic Capital, Governance Controls, Internal Controls, Market Risk, Operational Risks, Presentations, Regulatory Capital, Regulatory Compliance, Risk Management, Stress Testing Additional Job Details Address: RBC CENTRE, 155 WELLINGTON ST W:TORONTO City: Toronto Country: Canada Work hours/week: 37.5 Employment Type: Full time Platform: GROUP RISK MANAGEMENT Job Type: Regular Pay Type: Salaried Posted Date: 2026-05-12 Application Deadline: 2026-07-04 Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above Our Employment Opportunities At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all. Join our Talent Community Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com. RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail. Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.‎ We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

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Responsibilities

Lead the production of internal and external deliverables for the Internal Capital Adequacy Assessment Process (ICAAP) and provide quantitative analysis of Pillar I and II risks. Design and manage internal controls and governance frameworks for credit provisioning and stress testing programs.