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Associate Director, GRM Operational Risk - Global Risk Oversight

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Associate Director, GRM Operational Risk - Global Risk Oversight
Job Summary

The GRM Operational Risk - Global Risk Oversight team in Malaysia is a centralized 2LOD group responsible to provide Operational Risk and Control oversight and related support across RBC segments and geographies leveraging consistent set of tools, practices, procedures, and subject matter expertise. This centralized Global Risk Oversight team contributes to the implementation and execution of the global Operational Risk framework vision and strategy and rolls up into the global GRM Operational Risk function for the Enterprise, headquartered at Toronto, Canada.

Activities performed by the Global Risk Oversight team in Malaysia include those that support the execution of the Operational Risk 2LOD practices (e.g., oversight of Operational Risk & Control Assessments, performing Controls Assurance as a 2LOD function, oversight of Internal Operational Risk Events, Root Cause Analysis, Risk Register etc.).

In addition, the team may also be required to support with additional deliverables as the global Operational Risk policies, practices and tools evolve over time in response to internal/ external drivers and/or in keeping pace with emerging risks.

This individual will be responsible to provide independent and objective oversight of Operational Risk management supporting RBC segments and geographies, working with various stakeholders within the GRM Operational Risk function, First Line of Defence or across the broader Risk functions as necessary. The role entails execution of the core Operational Risk mandate the individual is assigned alongside training and oversight responsibilities of team members as may be necessary.

Job Description

Operational Risk Oversight Activities
  • Support the review and oversight of Risk Register (and related Risk & Control Self-Assessment activities) by 1LOD segments and functions across geographies.
  • Perform 2LOD controls assurance/ testing of key controls mitigating Operational Risks in a segment/ geography.
  • Support the oversight and challenge of 1LOD's execution of Internal Operational Risk Events and related Root Cause Analysis.
  • Provide oversight inputs and support to relevant 2LOD Operational Risk Domains (e.g., Third Party Risk)
  • Lead & supervise a team (< 5 FTE) of Risk Managers and Risk Analysts.
  • Record evidence of 2LOD oversight and challenge on the Operational Risk Management System (ORMS).
  • Provide comprehensive results/ outputs of Operational Risk oversight activities to relevant Operational Risk teams supporting a segment or geography highlighting trends or exceptions, if any.
  • Provide evidence supporting the work output leveraging Operational Risk tools/templates and supporting applications.
  • Create presentations summarizing the periodic work output to support broader Operational Risk decision making/ stakeholder engagements.
  • Provide periodic reports/ summary of the oversight activities supporting individual Operational Risk practices to relevant Operational Risk stakeholders.

Quality Assurance & Oversight Activities
  • Perform/ support periodic quality assurance of Operational Risk work output to analyze any gaps or opportunities for improvement.
  • Support the Department Head in maintaining oversight of Operational Risk practice execution for team members as required.
  • Develop/ update procedures or templates as the Enterprise policies or Standards evolve and ensure consistency in practice execution.

Training/ mentoring and oversight of team members as may be necessary.

Job Skills
Analytical Thinking, Control Monitoring, Detail-Oriented, Operational Control, Operational Risk Assessment, Operational Risk Management, Self Motivation, Stakeholder Management

Additional Job Details

Address:

PERSIARAN IRC 2, IOI RESORT CITY IOI CITY TOWER ONE:PUTRAJAYA

City:

Putrajaya

Country:

Malaysia

Work hours/week:

40

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-10-29

Application Deadline:

2024-12-31
Note : Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

I nclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Job ID R-0000101767