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Associate, Risk & Controls

Company: Royal Bank of Canada
Location: Jersey City
Posted on: June 7, 2021

Job Description:

What is the opportunity?

The purpose of the Business and Client Services (BCS) Risk & Controls team is to establish a robust control environment and strong risk management culture. Maintaining a proactive control approach assists in achieving strategic objectives, promotes efficiency, reduces the risk of loss and helps ensure compliance with corporate policies and regulations. In addition, properly functioning internal controls enable the firm to deal with today's rapidly changing environment and prepare for future growth. A successful Associate is knowledgeable of the day to day control activities across CM BCS and acts as an effective layer of escalation for junior or less experienced staff on complex issues. The Associate should be able to develop and implement ideas for process improvement, control enhancements, and risk reporting while also taking the lead on strategic projects and global initiatives. Additionally, having a demonstrated ability to analyze control effectiveness, a strong understanding of risk assessment and reporting standards, and a proven ability to build and maintain strong working relationships with stakeholders across CM Business Management, BCS and Technology will be necessary for success.

What will you do?

  • Partner with line managers and control team to manage and govern the US Risk & Control framework to ensure risks are proactively identified, measured, monitored, and escalated appropriately*. (30%)
  • Manage key aspects of the Risk and Control Assessment Program (RCAP) by facilitating walkthroughs of controls, reviewing processes and procedures, and assessing control effectiveness*. (25%)
  • Work with control team members to identify control deficiencies and proactively manage, where appropriate, the remediation of deficiencies across all business and support areas impacted*. (10%)
  • Supervise the day-to-day reporting of key risk indicators (KRIs) as well as the development and distribution of risk management packs, control packs, and risk reports to internal / external stakeholders and BCS senior management*. (10%)
  • Carry out the implementation of various initiatives, including but not limited to audit action plans, issue remediation and development of risk metric dashboards. (10%)
  • Ensure project deliverables are completed on time by following up with tasks owners and escalating as needed. (10%)
  • Contribute to and participate in various strategic working group (SWG) initiatives including but not limited to learning and development, citizenship and diversity. (5%)

What do you need to succeed?

Must Have

  • Bachelor degree or equivalent preferably with emphasis in Business, Accounting, Finance, or Economics. Or strong extended experience in equivalent role.
  • 3-5 years' experience in US Capital Markets Broker / Dealer Operations.
  • Ability to collaborate with team members to review businesses, products and functional areas to identify key risks and synergy opportunities.

Nice To Have

  • Medium to High proficiency level across Microsoft suite of products: Word, Excel, PowerPoint, Visio.

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
  • 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

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City: Jersey City

Address: 30 Hudson Street

Work Hours/Week: 40+

Work Environment: Office

Employment Type: Permanent

Career Level: Experienced Hire/Professional

Pay Type: Salaried

Required Travel (%): 0-25

Exempt/Non-Exempt: Non-Exempt

People Manager: No

Application Deadline: 08/15/2021

Platform: Capital Markets

Req ID: 362386

Ad Code(s):

Keywords: Royal Bank of Canada, Jersey City , Associate, Risk & Controls, Other , Jersey City, New Jersey

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