Job Summary

Job Description

What is the opportunity?

RBC’s Emerging Risk team identifies, assesses, and monitors the enterprise’s Emerging Risks, generating analysis and insights into these risks and their implications for the bank.  The team communicates these insights to senior-level audiences and decision-makers across the enterprise, including executives and the Board of Directors.  Accordingly, the team acts as Group Risk Management (GRM) thought leaders on specific Emerging Risk issues.  (Past examples include U.S.-China tensions, the Russia-Ukraine and Middle East conflicts, trade wars, inflation, COVID-19, and artificial intelligence).

In addition, the team oversees the enterprise’s broader risk identification process for Enterprise-Wide Stress Testing (EWST), as well as the design of scenarios for EWST, other stress tests, and ad hoc tabletop exercises.

The Associate Director, Emerging Risk will play a key role in executing the Emerging Risk team’s mandate and further developing RBC’s Emerging Risk and stress testing programs.

This is a Hybrid role with 3 in-office days per week based out of the downtown Toronto office.

What will you do?

Lead the identification, assessment, and monitoring of individual or select categories of Emerging RisksMonitor global geopolitical, economic, technological, societal, environmental, and regulatory trendsPerform in-depth research and analysis, assessing the implications of Emerging Risks and their potential financial and non-financial impacts to RBCUpdate the enterprise’s Risk Inventory, as requiredDesign scenarios for ad hoc tabletop exercises and the bank’s regulatory and internal stress testsDevelop concise and impactful analyses and presentations for senior-level audiences, including executives and the Board of DirectorsConsult and work with people across the enterprise, including from other risk areas, RBC’s business segments, Economics, and Enterprise StrategyPrepare quarterly, annual, and ad hoc reporting of Top and Emerging Risks for senior management and the BoardIdentify opportunities to improve RBC’s Emerging Risk management and stress testing processes

What do you need to succeed?

Must-have

5+ years of experience in the financial services industry, risk management, and/or consultingUniversity degree in a relevant fieldExperience developing concise and impactful executive-level reports, presentations, and other deliverablesAdvanced proficiency with PowerPointProficiency with other Microsoft Office applications (e.g., Excel, Word)Excellent research, analytical, conceptual thinking, interpersonal, and written and verbal communication skills, including the ability to understand, simplify, and explain complex conceptsIntellectual curiosity and a general understanding and awareness of current global events, economic concepts, emerging technologies, and other trends

Nice-to-have

Graduate degree in a relevant fieldCFA, FRM, CPA, or any finance- or risk-related professional designation/certificationSound knowledge of the financial services industry, risk management, and economicsProficiency with Bloomberg and other market and/or economic data sources

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 applicableLeaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamA world-class training program in financial servicesFlexible work/life balance optionsOpportunities to do challenging work

Job Skills

Business Performance Management, Emerging Risks, Investment Economics, Investment Risk, Investment Risk Management, Market Risk, Performance Management (PM), Risk Control, Risk Management, Standard Operating Procedure (SOP)

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:

2024-12-23

Application Deadline:

2025-01-11

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 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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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.

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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.