Senior Business Risk Analyst

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At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

Senior Business Risk Analyst

Job Description

What is the opportunity?

The purpose of this role is to support Wealth Management U.S. (WM-U.S.) business risk processes and initiatives in accordance with Enterprise, regulatory, industry and business requirements and needs. The Senior Business Risk Analyst will be responsible for executing duties by working closely with the business (e.g., front office, products & services), business support units (e.g., Legal, Compliance), Group Risk Management (GRM), and other local and Enterprise business and risk groups as needed.

What will you do?

• Coordinate WM-U.S. risk governance committees, including Product Risk Review Committee, DOL Self-Correction and Annual Retrospective Review Oversight Committee, and Conflicts of Interest Committee. Assist committee chairs with calendars, agendas, and minutes; assist business partners and presenters with presentations, risk assessments, and other meeting materials; and perform other duties with respect to committee business.
• Drive continued development of WM-U.S. control management program in accordance with Enterprise Internal Control Management Policy (ICMP) requirements, including maintaining firm's control inventory by identifying and documenting new controls and updating existing controls and control language, as well as performing design effectiveness and operating effectiveness assessments for key controls as needed.
• Partner closely with business partners and Compliance to execute the firm's Regulatory Compliance Management (RCM) program to help mitigate WM-U.S. regulatory compliance risk. Support business and Compliance with respect to annual RCM risk assessment process; support business partners with respect to open regulatory compliance issues and action plans.
• Drive continued development of WM-U.S. policy exception management program in accordance with firm policy, including managing policy exception requests, maintaining policy exception information, performing policy exception reporting, reviewing certain policy exceptions and policy exception requests, and helping to develop and launch firm policy exception review process.
• Perform ad hoc duties and initiatives related to other areas of business risk, including policy management and disclosures management.

What do you need to succeed?

Must-have

• Bachelor's degree, or equivalent experience
• 5-7 years of experience in operational risk, compliance, or legal within wealth management, financial services, or comparable business
• 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
• Strong problem solving and analytical capabilities
• Excellent oral, written, and presentation communication skills
• Strong interpersonal skills and diplomatic approach to encourage action and obtain information effectively
• Action oriented and takes initiative properly
• Demonstrated ability to be effective in new, ambiguous, unfamiliar situations with limited direction
• Highly organized, flexible and excel at prioritizing and meeting deadlines
• Strong Microsoft Office skills (e.g. Word, Excel, and Power Point)
• Strong team orientation with focus on team success

Nice-to-have

• Series 7 and 66 exams or willingness to obtain
• JD, MBA or other advanced degree
• Thorough knowledge of wealth management products and services, processes, and organization

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
• Flexible work/life balance options
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities
• Access to a variety of job opportunities across business

Job Summary

The purpose of this position is to support Wealth Management U.S. (WM-U.S.) business risk processes and initiatives in accordance with Enterprise, regulatory, industry and business requirements and needs. The Senior Business Risk Analyst will be responsible for executing duties by working closely with the business (e.g., front office, products & services), business support units (e.g., Legal, Compliance), Group Risk Management (GRM), and other local and Enterprise business and risk groups as needed.

Address:

Minneapolis, Minnesota, United States of America

City:

USA-MN-MINNEAPOLIS

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

Wealth Management

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2023-03-13

Application Deadline:

2023-04-30

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.

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