Vice President, Business Risk Management

Overview

Reporting to the Director of Business Risk Management, the employee will be a key contributor to the Business Risk Management program for the RBC Clear Business. The role will support the build‑out of an effective Risk Management practice by partnering closely with 1LoD and 2LoD teams, including the CM Operational Risk, Controls & Governance team, 2LoD Risk teams, RBC Clear Ops team, RBC Clear Products team and PMO teams.

Responsibilities

• Evaluate the effectiveness of internal controls, risk management practices, and corporate governance processes within RBC Clear.
• Identify and assess risks and controls within RBC Clear and provide guidance to Ops and Product teams in the creation and execution of controls.
• Support the Director in ongoing monitoring of risk profile and control effectiveness and reporting to senior leadership.
• Provide expert insights on risks (including fraud risk) associated with major change initiatives, process improvements, and transformational projects.
• Foster and maintain relationships with 1LoD CM Operational Risk, Controls and Governance team, Fraud Risk Centre of Governance and 2LoD Risk teams to facilitate collaboration and effective risk management.
• Support the Director in the day‑to‑day operation of the RBC Clear fraud risk management program, including fraud investigations and identifying and implementing enhancements.

Qualifications

• 5+ years’ experience in risk management.
• Strong communication skills.
• Ability to grasp big‑picture concepts and demonstrate rigorous attention to detail.
• Ability to influence diverse stakeholders and demonstrate strong collaboration skills across the organization.
• Strong problem‑solving skills with a results‑oriented mindset.
• Cash management subject‑matter expertise (nice to have).
• Fraud risk management subject‑matter expertise (nice to have).

Benefits

• Comprehensive total rewards program, including bonuses and flexible benefits, and competitive compensation.
• Development support from leaders through coaching and management opportunities.
• Dynamic, collaborative, progressive, high‑performing team environment.
• Opportunities to perform challenging work.
• Flexible work/life balance options.

Pay Range: $115,000.00 – $165,000.00.

Compensation may include discretionary variable payments based on business performance and personal goals.

Additional Job Details

Address: RBC CENTRE, 155 WELLSINGTON ST W, Toronto – Canada.

Work hours: 37.5 per week. Employment: full‑time, regular. Platform: Capital Markets. Pay type: salaried.

Company Values

At RBC, we are guided by shared values of client first, integrity, collaboration, respect and excellence. We strive to create an inclusive workplace that values diverse perspectives, supports employees, drives innovation, and fosters professional growth.