Senior Analyst, Operational Risk

As a Senior Analyst for Operational Risk, you will execute RBC Wealth Management’s U.S. (WM-U.S.) operational risk management practices and initiatives in accordance with RBC’s Enterprise and business requirements. Partner closely with a variety of partners across the business and lines of defense such as Compliance and Group Risk Management to ensure effective identification, documentation, and management of operational risks and control environments.

Responsibilities

• Operational Risk Event Management
  • Research and input Operational Risk Events (OREs), conducting root cause analyses as needed
  • Gather and validate information provided by business to ensure compliance with Enterprise ORE Standard
  • Escalate material OREs in accordance with the Enterprise ORE Standard and RBC Combined U.S. Operations (CUSO) Escalation Standard
• Control Management
  • Develop and maintain business control inventory by identifying, documenting, and updating controls and control language in accordance with the Enterprise Internal Control Management Standard
  • Act as a liaison between business and functional group partners throughout the control lifecycle
  • Assist Control Owners and delegates with the completion of non-key control evaluations
• Issue Management
  • Identify, raise, and manage formal operational risk issues in accordance with Enterprise Issue Management Standard
  • Monitor and track action plan completion to ensure timely resolution
  • Partner with business and functional group stakeholders throughout the issue lifecycle in accordance with the Enterprise Issue Management Standard

Requirements

• Bachelor's degree in finance, business, or related field (or equivalent experience)
• 5–7 years of experience in operational risk, compliance, or legal within wealth management or financial services
• Strong knowledge of leading operational risk practices, regulatory expectations, and control frameworks
• Excellent organizational, analytical, and problem-solving capabilities
• Skill and judgment to effectively deal with and influence business partners, stakeholders, and senior management
• Proven ability to handle conflict, strategic thinking, and decision-making in a time-sensitive environment
• Meticulous attention to detail and strong written and verbal communication skills
• Action-oriented with the ability to prioritize multiple competing tasks

Qualifications

• Nice-to-have:
  • Quality assurance experience within the financial services industry
  • JD, MBA, or other advanced degree
  • SIE; Series 7; Series 63/65 or 66; and Series 9/10 or Series 24
  • US wealth management broker-dealer risk and/or compliance experience

Benefits

• A comprehensive Total Rewards Program including:
  • Competitive compensation and flexible benefits
  • 401(k) program with company-matching contributions
  • Health, dental, vision, life, and disability insurance
  • 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
• Potential to earn more through RBC’s discretionary variable compensation program, based on business performance and individual goals

Pay

The expected salary range for this position is $70,000–$130,000, depending on experience, skills, registration status, market conditions, and business needs.

Schedule

• Full-time (40 hours per week)
• Regular, salaried position

Location: 250 Nicollet Mall, Minneapolis, United States