Senior Operational Risk Analyst

Senior Operational Risk Analyst

Job Description Summary The Senior Operational Risk Analyst will be responsible for supporting Wealth Management U.S. (WM-U.S.) business and operational risk processes and initiatives, including execution of Operational Risk Management (ORM) standards in accordance with RBC Enterprise and combined U.S. Operations (CUSO), regulatory, industry, and business requirements and needs. This role will be a part of WM-U.S. First Line of Defense function, and have responsibilities related to Enterprise and CUSO Risk and Control Self Assessments (RCSAs), internal reporting, and other risk management activities with the goal to reduce operational risk for the business and meet Enterprise and CUSO expectations, while helping support and facilitate the WM-U.S. business' continued growth. The Senior Operational Risk Analyst will work closely with senior leaders across the organization and a variety of partners and leaders across lines of business and functional groups to execute the ORM program, performing critical risk management activities and support business solutions that satisfy team and stakeholder needs, while exploring opportunities for value-add and efficiencies in helping the firm achieve its business objective.

What will you do?

• Perform RCSAs within WM-U.S. and ensure RCSAs are completed satisfactorily and timely, in accordance with the Enterprise standard for ORM.
• Perform in-depth RCSAs around plausible risks, controls and key processes.
• Work with stakeholders to develop action plans where risks are outside of risk appetite.
• Work with key business partners to identify operational and business risks and linkages with controls within WM-U.S. and ensure risks are appropriately documented on the firm's Risk Register.
• The Risk Register is a collection of risks documented across multiple business units.
• Responsible for report creation and will support the continuous improvement of reporting processes and methodologies that reflect industry standards and internal best practices, utilizing digitized risk and control assessment and issue management tools and the data housed therein.
• Reporting is a key component of the RBC's ORM and helps the business manage its risk by measuring and monitoring its risk exposure across key metrics.
• Responsible for managing the collection, aggregation, and analysis of operational risk data for both internal and external stakeholders across multiple risk domains.
• Operational risk metric data is critical to the business in assessing risks.
• Assist in the refresh and maintenance of effective operational risk reports and templates, including Risk Appetite Measures (RAMs), KRIs, committee presentations and other ad-hoc materials.
• Partner closely with risk colleagues to fulfill overall business risk objectives, including with respect to risk programs (e.g., Risk Culture and Conduct, Reputational Risk, Third Party Risk, Issues Management, Operational Risk Events, Root Cause Analysis).
• Perform ad hoc duties and initiatives related to broader areas of business and operational risk.
• Work under pressure in fast-paced and deadline-driven environment with multiple competing priorities.
• Execute work product while being highly organized, flexible and excelling at prioritizing and meeting deadlines and prioritizing and managing multiple tasks and projects while ensuring that goals are met.

What do you need to succeed?

Must-have Bachelor's degree in finance, business, or related field. Five or more years of experience in operational risk or equivalent risk or compliance within financial services. Proficiency in Microsoft Office Suite. Demonstrated high proficiency in organizational skills, including the ability to build consensus, influence, and drive coordination, communication, negotiation, and projects across businesses and platforms to achieve expected results Skill and judgment to be able to deal effectively with and influence business partners, stakeholders, and senior management. Proven skill in handling conflict, strategic thinking and decision making in a time-sensitive environment, meticulous attention to detail and strong written and verbal communication skills.

Nice-to-have MBA, JD or other advanced degree Series 7; Series 63 / 65 or 66; and Series 9 / 10 or Series 24. Report creation experience; advanced statistical and analytic concepts Experience working in US wealth management broker-dealer risk and / or compliance.

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off. 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 build close relationships with clients.

The expected salary range for this particular position is $65,000-$115,000, depending on your experience, skills, and registration status, market conditions and business needs. You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals. 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