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Associate Director - U.S. Governance Frameworks
$68k-88k (estimate)
Full Time | Banking 1 Month Ago
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RBC Capital Markets, LLC is Hiring an Associate Director - U.S. Governance Frameworks Near Raleigh, NC

Job Summary

Develops and implements global risk management reports, systems, and processes to minimize investments risks. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments.

Job Description

What is the Opportunity?This role is part of Group Risk Management - U.S. Enterprise Risk, supporting the execution of governance frameworks and Risk Appetite for the Combined US Operations (CUSO), RBC's Intermediate Holding Company (RIHC) and branches within the U.S. This role will provide oversight and guidance to the lines of business (LoB)s and oversight functions as it pertains to creation, update and governance of Risk Appetite across the US.What will you do?CUSO Risk Management Framework
  • Annual (and any off cycle) update of CUSO Risk Management Framework
  • Provide guidance and perform consistency checks across Risk Management Frameworks in the legal entities in the RIHC
CUSO Risk Appetite
  • Annual (and any off cycle) update of CUSO Risk Appetite Statements/ Measures (RAS/RAMs)
    • Perform Review and Challenge of proposals from the first line of defense
    • Provide guidance on risk appetite measures to the second line of defense
    • Preparation of presentations for management and board committees
    • Assist with meeting minutes and documentation requirements
  • Annual update of the CUSO Risk Appetite Framework (RAF), as well as all related policies and procedures
    • Drafting and updating of all of key governance documents
  • Quarterly reporting of Risk Appetite results to management and board committees
  • Drafting of materials for quarterly meetings with US regulators and assisting with coverage of regulatory exams and requests for information, as well as any MRA remediations
  • Assist with periodic reviews and requests for information from Internal Audit and various stakeholders across risk
  • Maintain Risk Appetite supporting documentation files
US Subsidiaries / Lines of Business Oversight/Guidance on Risk Appetite
  • Provide guidance and share information across the US subsidiaries, to ensure alignment and best practices
  • Work with the Enterprise Risk Appetite team in Toronto, for consistency and alignment of practices - as appropriate
  • Maintain robust documentation on decisions reached across the US and Enterprise (Toronto) RA teams
Stakeholder / Team Management
  • Maintain proactive and timely communication within Enterprise Risk Management and across Risk Stipes, subsidiary risk teams, and US LoBs.
  • Facilitate meetings with all key parties, as required
  • Support and look to improve the process/workflow with problem solving, providing ideas and independent opinions.
What do you need to succeed?
  • General knowledge of key risk disciplines e.g., enterprise, market, counterparty credit, liquidity risk and Operational Risk
  • Prior experience within Risk or Product Control will be prioritized
  • Prior work developing processes and controls related to Heightened Standards or Reg YY will be prioritized
  • Prior Experience with Risk Appetite and / or risk limits is very beneficial
  • Managing projects and initiatives for multiple stakeholders
  • Strong written and verbal communication skills required
  • In-depth knowledge of MS Office
Other Required Qualifications:
  • Required: Bachelor's Degree in Business, Finance, Law or other related fields
  • 5 years previous experience work in a Risk Management role in a Financial Services organization.
Suggested Qualifications:
  • Preferred: Master's Degree in Business, Finance, Law or other related fields or Risk Management certification (e.g. FRM)
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
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

Business Performance Management, Investment Banking Analysis, Investment Economics, Investment Management Systems, Investment Performance Measurement, Investment Risk, Investment Risk Management, Market Risk, Operational Risks, Performance Management (PM), Quality Management, Risk Management, Standard Operating Procedure (SOP)

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:

2024-03-14

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.
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.

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 .

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 or any other legally-protected factors.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

SALARY

$68k-88k (estimate)

POST DATE

03/15/2024

EXPIRATION DATE

03/27/2024

WEBSITE

rbccm.com

HEADQUARTERS

CHARLOTTE, NC

SIZE

7,500 - 15,000

FOUNDED

1929

CEO

CRAIG WAGNER

REVENUE

$200M - $500M

INDUSTRY

Banking

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About RBC Capital Markets, LLC

RBC Capital Markets is recognized by the most significant corporations, institutional investors, asset managers, private equity firms, and governments around the globe as an innovative, trusted partner with an in-depth expertise in capital markets, banking, and finance. We are well-established in the largest, most mature capital markets across North America, Europe, and the Asia-Pacific region, which collectively encompass more than 75% of global investment banking activity each year. We are part of Royal Bank of Canada (RBC), a leading, diversified provider of financial services and one of th...e strongest banks globally. Founded in 1864, RBC is the 10th largest bank worldwide and the 5th in North America, as measured by market capitalization. RBC is among a small group of highly rated global banks and is recognized time and time again for its financial strength, market leadership and philanthropic work. For information on our legal terms of use visit https://www.rbccm.com/en/policies-disclaimers.page More
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