Operational Risk Analyst

What is the Opportunity?

Operating within RBC Bank's 1st Line of Defense, this role partners with RBC Bank business units to execute risk assessments for new or amended products, projects and initiatives including product reassessments and leads support for reportable RBC Bank Operational Risk Events (OREs). Managing the coordination of risk assessment discussions with functional business partners, the incumbent will ensure that the business clearly articulates risks and controls and determines the inherent and residual risk ratings appropriately; assists the business with understanding risk management; manages the risk assessment pipeline; tracks approval conditions to completion; and escalates any issues to senior management. Additionally, the role ensures Operational Risk Events are thoroughly documented including supporting issues and root causes analysis. Finally, this role will provide support for the execution of the RCSAs.

What will you do?

This role is responsible for providing first line of defense Operational Risk expertise, guidance and support across all RBC Bank units in the following areas:

Operational Risk Event Program

• Manage Operational Risk Event (ORE) Intake process

• Direct the preparation of the root cause analysis

• Schedule and Manage ORE review and discussion process

• Ensure ORE is complete, issues and action logged and track Condition of Approval.

• Perform reconciliation of OREs to General Ledger accounts

• Maintain job aids and support documentation

New Initiative / Product Risk Assessments

• Manage Risk Triage Assessment (RTA) Intake process for Projects and Initiative

• Maintain Risk Assessment Forum (RAF) Schedule

• Ensure RTA sign-offs are complete, issues and action logged and track Condition of Approval.

• Maintain RTA Library

• Maintain Product reassessment pipeline

• Maintain job aids and support documentation

Risk Register & RCSA Support

• Provide support for Risk Registers and Risk Assessments

• Support key risk indicators for 1LOD metrics

• Update business unit hierarchy

• Collaborate and advise stakeholders on correct taxonomy usage

• Maintain job aids and support documentation

What do you need to succeed?

• Minimum 5 years work experience with financial services with 3 years in risk management (e.g. operational risk, compliance, technology risk, etc.)

• Demonstrated ability to work with business and functional leaders, internal auditors, and technology groups.

• Strong interpersonal, verbal and written communication skills

• Solid risk and regulatory knowledge with respect to US banking.

• Highly developed organizational and follow-up abilities with the capability to multi-task

• Solid understanding of operational risk processes

• Technology savvy with excellent working knowledge of MS Office applications (e.g. Excel, Powerpoint, Word)

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 build close relationships with clients

#LI-Post

#LI-Hybrid

#TECHPJ

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above