Director, US Strategic Risk, CCAR and Resolution Planning, Royal Bank of Canada (US), Jersey City, NJ:

• Director, US Strategic Risk, CCAR and Resolution Planning, Royal Bank of Canada (US), Jersey City, NJ:

  Create and maintain an oversight program and requirements for Comprehensive Capital Analysis and Review (CCAR) and Resolution Planning. Coordinate with stakeholders at Line of Business (LoB) to rationalize various CCAR, Capital management, resolution planning policies, and standards for the Combined U.S. Operations (CUSO) level. Coordinate with stakeholders at Enterprise to ensure CUSO level policies and standards align to enterprise and regulatory requirements. Central point of contact and coordination point within 2LOD CUSO Group Risk Management for Resolution Planning. Assist in the annual second line of defense review and challenge and consolidated reporting and periodic monitoring of the RBC US strategic plan. Prepare consolidated review and challenge assessments of CUSO CCAR/Capital Plan and Resolution Planning. Implement Enterprise policy and standards associated with change risk at CUSO and tailor requirements as appropriate for the US. Rationalize various change risk processes across CUSO to simplify approval processes, create greater consistency and ensure appropriate management of change risk.

  Telecommuting permitted up to 1 day per week.

  #LI-DNI

  Full time employment, Monday – Friday, 40 hours per week, $212,700.00 per year.

  MINIMUM REQUIREMENTS:

  Must have a Bachelor’s degree in Business, Finance, Law or a related field and 7 years of related work experience. Employer will accept a 3- or 4-year bachelor's degree.

  Must have 7 years of experience in risk management or first line of defense roles with direct involvement in CCAR and Resolution Planning within financial services organizations.

  Must have 3 years of experience in:

• CCAR processes, and in Category III or IV banking institutions.
• At least in one key risk discipline (Enterprise, Market, Counterparty, Credit, Liquidity, or Operational Risk), with experience in applying this knowledge to regulatory compliance or risk assessment.
• Developing, implementing, and maintaining processes and controls related to Heightened Standards or Regulatory YY, including process redesigns or control implementations. 
• Negotiating with stakeholders at multiple organizational levels, including cross-departmental collaboration for risk or compliance initiatives.
• Supporting or leading periodic strategy reviews, with a documented history of monitoring and reporting on strategic initiatives regarding risk management or compliance. 
• Interpreting and tailoring enterprise policies and standards for change risk management, with experience in change initiatives involving funding, transactions, or product changes. 
• Working with internal audit and regulatory bodies, with audits or reviews.

• Must have 2 years of experience in resolution planning, including development, coordination, or oversight, with a track record of managing or supporting full cycle planning efforts. 

  Employer will accept any suitable combination of education, training or experience.

  The base salary for this job is $212,700.00 per year.  This salary does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

  RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

  ·       Drives RBC’s high performance culture

  ·       Enables collective achievement of our strategic goals

  ·       Generates sustainable shareholder returns and above market shareholder value

  TO APPLY: Please click “Apply Now” Button

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

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