Director of business Risk

Royal Bank of Canada View all jobs

  • Toronto, ON
  • $110,000-160,000 per year
  • Permanent
  • Full-time
  • 5 days ago
Job DescriptionWhat is the opportunity?The Director of Business Risk acts as the primary risk manager for their Lines of Business and is responsible for building and maintaining a high level of capability relative to risk identification, assessment, mitigation and monitoring across the LOB/Segment. This role primarily supports the RBC Direct Investing & RBC InvestEase business as well as the RBC Wealth Management Data and AI segment.In support of strategic AI objectives, the Director of Business Risk has a goal of creating a pro-active data & AI risk identification and control mitigation eco-system by utilizing a blend of technical expertise, regulatory knowledge, and strategic foresight to identify, assess, and mitigate risks associated with Artificial Intelligence systems. As AI adoption grows, RBC must navigate threats ranging from data privacy breaches and algorithmic bias to model drift and adversarial attacks.What will you do?
  • Lead, support & monitor the business adherence to CIRA (Change initiative risk assessment) enterprise standard by directly supporting initiatives & associated required risk assessments (e.g., RTA, Risk forums, external event reviews, IT risk triages, PARAs etc.)
  • Lead identification, assessment and treatment recommendations for Data, AI & Operational risks
  • Present key Risk updates to the SMT including Risk Appetite, LOB/segment Dashboard and the Annual Risk Assessment portion of the Business Portfolio Review
  • Spearheads the annual risk appetite assessment process for the LOB/segment, working with LOB/segment strategy and product representatives, ensuring that risk appetite constraints are supported by appropriate rationale factoring business growth objectives, external environment, industry practice an aligned to Wealth management metrics where required.
  • On an ongoing basis ensures that program and initiative owners appropriately assess impact on risk appetite, including facilitating discussions and identifying the need for modeling and other testing where required.
  • Documents and maintains a LOB/segments controls inventory based on RBC policies, data integrity, OSFI, OSC & CIRO reviews and Internal Audit findings. Prioritizes development/enhancement/automation controls using a risk-based model, and captures/articulates rationale for controls not required to be implemented.
  • Conducts ongoing reviews of the control universe to ensure a quality control environment is maintained.
  • Work in partnership with ECT (enterprise control testing team) to onboard key control and develop testing practices and methodologies.
  • In conjunction with LOB/segment strategy and product representatives, articulates and identifies data integrity anomalies/defects; assesses testing results for control objective and performance and works with partners to establish reporting, triggers and resolution processes.
What do you need to succeed?Must haves:
  • Knowledge & experience in Data management & AI competencies
  • Strong knowledge of IT infrastructure, data platforms, & software security principles
  • Demonstrable technical knowledge and experience covering operating systems (e.g., Unix, Windows, zOS), cloud (Azure, AWS, Snowflake) and database systems (e.g., Oracle, SQL Server, Sybase, DB2)
  • Strong understanding of risk management principles
  • Strategic thinking—ability to define target state operating models
  • Ability to bring a client and employee point-of-view—together with a business process orientation—to leverage technology to improve the client / user experience; simplify processes, increase capacity or reduce costs
  • Experience in the investments / brokerage industry is a definite asset and preferred
Nice-to-have:
  • Solid working knowledge of banking operations and the financial services regulatory landscape, ideally with several years experience in Risk Management, Compliance or Internal Audit.
  • Risk or Information Security Designation (e.g., CISO, CISSP etc.)
  • Knowledge of GRC tools (e.g., ServiceNow, Jira, Confluence, Archer, MetricStream etc.)
  • Experience with Tableau & or Python
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.
Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate’s experience, skills, registration status, performance, individual goals, market conditions, and business needs.Pay RangeThe expected pay range for this position is:$110,000 - $160,000The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay range for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable.You have the potential to earn 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.Job Skills Business Analytics, Business Risks, Decision Making, Information Security Management, Internal Controls, Results-Oriented, Risk Awareness, Risk Management, Risk Management Programs, Strategic ThinkingAdditional Job DetailsAddress: WATERPARK PLACE, 20 BAY ST:TORONTOCity: TorontoCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: WEALTH MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2026-04-10Application Deadline: 2026-04-25Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveOur Employment OpportunitiesAt RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.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 .RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

Royal Bank of Canada