Director, Market, Counterparty Risk, Model and Liquidity Risk Policy

The Director, Market, Counterparty Credit, Liquidity and Model Risk Policy will provide senior level advice and support for the provision of governance and risk oversight with responsibility for the development, maintenance and communication of market, counterparty credit, liquidity and model risk as well as other relevant risk policy documents, including Standing Orders, and related governance artifacts throughout RBC group-wide.

You will lead the development of policies that support the management of risk with a focus on capital markets activities and portfolios through the implementation of best practice" measures.

What is the opportunity?

Reporting to the Managing Director, Market, Counterparty Credit, Liquidity and Model Risk Policy, you will provide senior level advice and support for the provision of governance and risk oversight with responsibility for the development, maintenance and communication of market, counterparty credit, liquidity and model risk as well as other relevant risk policy documents, including Standing Orders, and related governance artifacts throughout RBC group-wide.

You will lead the development of policies that support the management of risk with a focus on capital markets activities and portfolios through the implementation of best practice" measures.

The incumbent will ensure effective communication of risk management policies to the relevant businesses and control functions and provide training to RBC personnel as required.

What will you do?

• Lead in the development (drafting and engagement of stakeholders to address policy issues), maintenance and management of market, counterparty credit, liquidity and model risk, as well as other risk policy documents, ensure alignment with the RBC policy governance Target Operating Model (TOM), business strategies, and risk appetite. Present final draft policies to relevant senior management authorized authorities for approval and present to risk and business committees and forums final policy documents for information.
• Identify, interpret and lead policy development to mitigate risks for regulatory guidelines and business-driven initiatives.
• Develop and maintain strong working relationships with key stakeholders. Partner with key stakeholders, subject matter experts and other groups across RBC to develop effective, understandable and implementable policies.
• Provide senior level advice and support to managers and executives of Group Risk Management (GRM), other stakeholders and partners, the New Business Committee and other relevant committees.
• Maintain a high level of awareness of developments in the business, internal, market and regulatory environments, and incorporate changes into policies as appropriate. Review and interpret the guidance of the Office of the Superintendent of Financial Institutions and other relevant regulatory bodies and advise on their impact to RBC.
• Assist with the publication of polices and other relevant documents onto the Policy & Procedure Library, and the administration and maintenance of the Market, Counterparty Credit, Liquidity and Model Risk Policy web pages, Connect and Confluence.
• Communicate risk policies effectively and responsively. Develop and deliver formal and ad hoc training and guidance on policy requirements and governance in consultation with senior stakeholders.
• Perform policy monitoring, and checking for implementation effectiveness, as appropriate.
• Assist with the design and maintenance of an effective and efficient policy review and approval process, including submission standards, committee mandates (terms of references), approval management and the flow of policy papers through the New Business Committee and other relevant committees.
• Assist stakeholders in ensuring relevant authorities are delegated to the appropriate individuals in line with policy documents.

What do you need to succeed?

Must-have

• 10+ years of experience in market, counterparty credit, credit, liquidity and/or model risk management with strong knowledge of risk adjudication and/or policy approval process.
• Excellent influencing skills and ability to partner with the right people to achieve collective results.
• Strong communication skills (both written and oral). Diplomatic and an effective consensus builder; advanced people management skills with ability to develop and maintain relationships across business platforms and control functions.
• Strong growth mindset to proactively seek out, listen, and learn from people with distinct viewpoints and knowledge.
• Mature, professional individual with initiative and sense of urgency. Strong judgement and drive to make an impact.
• Excellent analytical and problem-solving skills, ability to make logical or implied connections from a vast array of information. Intellectual curiosity, global and strategic mindset.
• Ability to maintain composure in a fast-paced reporting environment. Strong organizational skills.

Nice-to-have

• University degree (e.g., MBA or LL.B) and/or professional designation (e.g., CFA or CPA)
• Project management experience and/or project management designation
• Good Python programming or other automation/analytics skills.

Whats 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
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in an agile, collaborative, progressive, and high-performing team

Job Skills

Credit Analysis, Fraud Risk Management, Investment Economics, Investment Management Systems, Investment Risk, Investment Risk Management, Long Term Planning, Market Risk, Operational Risks, Quantitative Methods, Risk Control, Risk Management, Waterfall Project Management

Additional Job Details

ROYAL BANK PLAZA, 200 BAY ST:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2024-10-282024-11-09