Director, Business Risk for RBC Wealth Management - Global Asset Management at Dr Bill RBC Ventures

Toronto, Ontario, Canada -

Full Time

Start Date

Immediate

Expiry Date

30 Mar, 26

Salary

0.0

Posted On

30 Dec, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Decision Making, Financial Risk Management, Information Security Management, Operational Delivery, Risk Management, Security Management, Strategic Thinking

Industry

Banking

Description

Job Description What is the opportunity? Reporting to the Head of Business Risk for RBC Wealth Management and Investor Services and being embedded in WM Global Asset Management’s (GAM) 1st line of defense (1B) function, the Director of Business Risk is a trusted Business Risk adviser to Senior Leaders across GAM Canada and GAM US. The Director provides leadership, expertise, advice, and counsel to support effective management of Operational Risk across GAM Canada and GAM US. The Director will develop, implement, and sustain RBC’s Operational Risk Framework throughout GAM Canada and GAM US, ensuring alignment with the Enterprise ORM strategy, Risk Appetite, and relevant Combined US Operations (CUSO) requirements. The role will guide Business Risk leadership within GAM, enhancing their ability to anticipate and manage business risk effectively. Manage a team of qualified and experienced Operational Risk professionals and practitioners and be responsible for planning, developing, and executing on all aspects of RBC’s Operational Risk practice for the GAM businesses outlined above. What will you do? Lead and manage all 1LOD (1B) Operational Risk responsibilities for GAM Canada and GAM US portfolio which includes planning, developing, and executing on all aspects of the Operational Risk practice for the businesses outlined above. Manage and develop a team of four Senior Managers, Business Risk professionals, providing direction, coaching, and oversight across the execution of GAM operational risk activities. Lead the 1st line execution of the RCM program in coordination with the businesses & Compliance. Establish and implement appropriate oversight to ensure that RCM policies are being adhered to and exceptions are escalated to the Senior Director. Implement the enhancements to RBC’s Internal Control Management Policy in GAM businesses. Implement the enhancements to RBC’s Risk Register and Risk and Control Self-Assessment (RCSA) and Process RCSA (PRCSA) program in GAM including the establishment and maintenance of Risk Register, Risk statements and aggregation of digitized RCSA. Responsible for guiding the team in complying with RBC’s Issues Management framework and Project engagement. Managing the team in performing Root Cause analysis of major events, Product risk reviews and IRPs Participate in and represent GAM Business Risk in all GAM Canada, GAM US, and CUSO Operating Committees and other Governance forums such as Project SteerCos, New Product Working Groups etc., as the risk SME and as delegate of the Sr Director, providing oversight and challenge and independent operational risk perspective. Act as a center of excellence for education and advocacy of information on RBC’s Operational Risk management practices and programs to foster sound operational risk management in WM. What do you need to succeed? Progressive leadership experience in the financial services industry with at least 10 years of management experience CPA, CFA, or MBA Good knowledge of leading operational risk practices and regulatory requirements and expectations for WM businesses. Leadership presence and proficiency and experience from working in a variety of businesses within WM. Collaborator and highly adept in working with various stakeholders, Business leaders within WM and functional partners. Strong presentation and communication (verbal and written) skills. Good impact and influence skills and problem solver Must Have CPA, CFA, or MBA Good knowledge of leading Operational Risk practices and regulatory requirements and expectations for WM businesses. Leadership presence and proficiency and experience from working in a variety of businesses within WM. Nice to Have: Previous experience RBC Wealth Management or in a Business Risk role Experience working with business and/or technology stakeholders in an Enterprise environment. 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 take on progressively greater accountabilities Access to a variety of job opportunities across business Job Skills Decision Making, Financial Risk Management (FRM), Information Security Management, Operational Delivery, Risk Management, Security Management, Strategic Thinking Additional Job Details Address: 180 WELLINGTON ST W:TORONTO City: Toronto Country: Canada Work hours/week: 37.5 Employment Type: Full time Platform: WEALTH MANAGEMENT Job Type: Regular Pay Type: Salaried Posted Date: 2025-12-30 Application Deadline: 2026-01-20 Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above Inclusion and Equal Opportunity Employment At 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

The Director of Business Risk leads and manages all Operational Risk responsibilities for GAM Canada and GAM US, including planning and executing the Operational Risk practice. They also manage a team of Senior Managers and guide Business Risk leadership in anticipating and managing business risk effectively.