Senior Manager, US Cross Entity Product Risk Management

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Senior Manager, US Cross Entity Product Risk Management

senior · Risk & Compliance

Job Description

What is the Opportunity?

The Senior Manager, US Cross Entity Product Risk Management serves as a central figure within RBC US Integrated Operational Risk office, responsible for enhancing and executing product risk management programs for cross entity products for RBC US business entities. This role ensures the following for new business initiatives: risk identification, reporting, condition tracking and closure, and post implementation monitoring. This position is responsible for maintaining a current product inventory of all products across RBC US and Capital Markets globally. Additionally, this role will be key in supporting the team lead in planning and executing complex initiatives across multiple stakeholder groups.

This role requires expertise in product risk assessment, governance, and management coupled with an understanding of products and services across multiple business lines and regulatory expectations. This role is part of an interconnected team across business groups (Capital Markets, City National Bank, RBC Bank (Georgia), US Wealth Management) and works in coordination with business group first line of defense risk teams.

This role is essential to help build and ensure that our product risk management program is consistently executed, compliant, and effective for all cross-entity products.

What will you do?

Operationalize integrated capabilities:

• Assist in the design, then execute comprehensive product risk management and governance programs for RBC US, including management, maintenance, and oversight of product inventories

• Support team lead in planning and executing of complex initiatives with quality and at pace.

• Conduct product risk identification, assessment, and documentation in collaboration with business and functional stakeholders for new business initiatives

• Execute product risk management practices in alignment with regulatory requirements, and industry best practices

• Ensure accurate reporting on the portfolio of new business initiatives across RBC US

• Work collaboratively with product and project teams, and business units to consistently execute product risk assessment and monitoring processes

• Facilitate and lead cross entity working groups to support cross entity product management activities.

Advisory Support:

• Serve as liaison between first, second, and third line functions, for in scope activities while fostering strong working relationships with stakeholders

• Represent the RBC US Product Risk Management team at internal meetings and risk governance activities as required

• Provide subject matter expert guidance on product risk identification, assessment practices, and regulatory expectations

What do you need to succeed?

Must-have:

• Experience executing independently on high performing teams to execute a portfolio of risk management activities within 1LOD, 2LOD, and/or product governance functions

• Strong organizational skills and the ability to execute complex initiatives with quality in a fast-moving environment

• In-depth knowledge of products and services across multiple business lines (capital markets, retail banking, wealth management)

• Experience with product risk assessment frameworks, regulatory expectations, and governance best practices across products

• Experience managing cross entity product inventories

• Advanced experience with how product risks are identified and how controls are identified designed, tested, and integrated into operational risk programs

• Proficient at independent problem solving and use of judgment when escalation is required

Nice-to-have

• Proficient in engaging with and presenting to senior executives and risk committees

• Experience in product governance, product lifecycle management, and issues remediation

• In-depth knowledge of products and services across multiple business lines (capital markets, retail banking, wealth management)

• Advanced knowledge of product operations, complexities, and control vulnerabilities

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

• A world-class training program in financial services

• Flexible work/life balance options

• Opportunities to do challenging work

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

Our Employment Opportunities

At 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.

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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.