Director, Risk & Control Assessments

About the role

This position serves as a team leader within the RBC US Consolidated US Operations first line of defense, responsible for executing comprehensive risk and control management programs for Capital Markets. The role ensures execution of risk identification, assessment, monitoring, and mitigation activities within RBC Capital Markets, while fostering a robust risk culture and maintaining regulatory compliance through effective risk governance frameworks.

This role has accountability for leading a team of RCSA subject matter experts within a 1LoD RCSA & PRCSA center of excellence. It requires deep expertise in RCSA and PRCSA execution, coupled with an understanding of Capital Markets businesses and products, and expectations of regulators. The role is part of an interconnected team across business groups (global Capital Markets, City National Bank, RBC Bank (Georgia), US Wealth Management), and regions (US, CA, EU, Asia). It provides direct support to 1LoD risk specialists embedded in Capital Markets and offers subject matter expert guidance to stakeholders. The role is tightly integrated into the CUSO/CM Chief Controls Office team and is essential to ensuring the control environment across businesses is fit for purpose and operating effectively across the 1st line for CUSO and global CM.

Responsibilities

• Develop and operationalize integrated capabilities by executing comprehensive first line of defense Risk & Control Self-Assessment (RCSA) and Process-level RCSA (PRCSA) programs across RBC Capital Markets, including management, maintenance, and oversight of Risk Registers. Ensure real-time input and assessment of inherent and residual risks in collaboration with business and functional stakeholders.
• Execute RCSA and PRCSA practices in alignment with established procedures and processes, ensuring alignment with regulatory requirements and industry best practices.
• Maintain risk and control inventories across various risk segments.
• Communicate changes to control effectiveness so relevant CUSO CCO team members can update risk registers and other framework tools (RCSA, ORMS, etc.).
• Serve as primary liaison between first line of defense and second/third line functions for RCSA & PRCSA activities in Capital Markets, fostering strong working relationships with stakeholders and representing the broader RBC US Integrated Operational Risk team at internal meetings and audit activities as required.
• Lead and mentor a team of risk assessment specialists, providing performance management, professional development, and career advancement guidance while ensuring optimal team productivity and capability development.

Requirements

• Experience leading high-performing teams to execute a portfolio of risk assessment activities within 1LOD, 2LOD, and/or functions.
• Experience with and knowledge of products and services in Capital Markets.
• Advanced experience in 1st line risks and regulatory controls, including across regions and products.
• Expert knowledge and experience with how risks are identified and how controls are designed, tested, and integrated into risk and control registers.
• Proficient at independent problem solving and use of judgement when escalation is required.

Nice-to-have

• Proficient in engaging with and presenting to senior executives, regulators, and committees.
• Experience in 1st line leadership of audits, remediation, and issues management, and experience engaging with prudential regulators.
• Advanced knowledge of Operations processes and complexities, and control vulnerabilities therein.

Benefits

• A comprehensive Total Rewards Program including competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, and disability insurance, and paid-time off.
• 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.
• Opportunities to do challenging work.
• Opportunities to build close relationships with clients.

Pay

The expected salary range for this position is $160,000–250,000, depending on your experience, skills, and registration status, market conditions, and business needs. You have the potential to earn more through RBC’s discretionary variable compensation program, which provides an opportunity to increase your total compensation if the business meets its performance targets and you meet your individual goals.

Schedule

• Work hours/week: 40
• Employment Type: Full time
• Job Type: Regular
• Pay Type: Salaried

Location: Brookfield Place (fka 3 World Financial Center), 200 Vesey Street, New York, United States of America.