Director, GRM WM Investment Risk Management
- Toronto, ON
- Permanent
- Full-time
As Director, GRM Wealth Management (WM) Investment Risk Management, you will play a pivotal role in RBC’s Second Line of Defense, overseeing the identification, assessment, monitoring, and mitigation of investment risks across RBC Wealth Management’s fiduciary investment activities. You will ensure that investment risks are managed in alignment with RBC’s risk appetite, regulatory standards, and fiduciary obligations, safeguarding client interests and supporting the long-term sustainability of the business.What will you do?
- Develop, implement, and maintain RBC’s investment risk management framework, policies, and procedures.
- Monitor and assess portfolio risks (e.g., market, credit, liquidity, concentration, leverage, etc) using quantitative and qualitative metrics.
- Provide independent oversight and challenge to the first line of defense, ensuring adherence to risk limits and regulatory requirements.
- Lead stress testing and scenario analysis to evaluate portfolio performance under adverse market conditions.
- Prepare and present risk reports to senior management and risk committees, providing actionable insights.
- Collaborate with investment teams to guide risk mitigation strategies and embed sound risk practices in decision-making.
- Ensure all risk management practices align with fiduciary obligations and regulatory standards.
- Balance firm-wide risk management priorities with the duty to act in the best interests of clients.
- 10+ years of experience in investment risk management, including market, credit, and liquidity risks.
- Strong understanding of fiduciary responsibilities and regulatory requirements.
- Proficiency in risk metrics, stress testing, scenario analysis, and portfolio risk evaluation.
- Excellent leadership, communication, and stakeholder management skills.
- Proven ability to navigate complex regulatory environments and drive effective risk management practices.
- Graduate degree or professional designation (e.g., CFA, FRM, PRM) in finance, mathematics, economics, or risk management.
- Experience in wealth management, discretionary portfolio management, asset management or other fiduciary investment activities.
- Strong analytical skills and familiarity with advanced risk modeling tools and methodologies.
- Ability to manage complex projects and deliver high-quality results under tight deadlines.
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation and commissions
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
- Opportunities in building close relationships with clients