Associate Director, Recovery & Resolution Planning
RBC
Job Description
What is the opportunity?
The Associate Director, Recovery and Resolution Planning provides key support for the development of recovery plans, board-approved resolution plans and related activities (e.g. capabilities testing, work plan governance) and the integration of recovery and resolution principles within key business as usual activities.
The opportunity is enterprise-wide in focus covering all segments, lines of business and material subsidiaries across global RBC from a recovery and resolution planning perspective providing holistic views to senior management on the impact to recovery and resolution strategies from strategic business initiatives, legal and organizational changes and regulatory developments.
What will you do?
- Manage and enhance the development, coordination and completion of the assigned elements of RBC’s recovery and resolution planning initiatives (the “Plans” or “RRP”), including the Plans themselves in addition to relating testing, work plan and integration analyses, within a largely decentralized cross-enterprise operating framework.
- Assist in preparing RRP items for Global Recovery & Resolution Oversight Committee, senior internal and external stakeholders, including Group Executive, Board of Directors, and regulators (OSFI, CDIC, European Central Bank, Bank of England) in addition to annual or more frequent Crisis Management Groups.
- Drive and support the implementation of RRP strategy across segment, line of business and subsidiary levels, providing ongoing support and subject matter expertise in addition to managing related RRP component working groups.
- Assist in the integration of relevant RRP elements into related RBC-wide processes, policies and frameworks, including financial crisis management, strategic plans, and Risk Appetite.
- Support, critically review and assess segment and subsidiary level RRP and its alignment to RBC Group RRP (strategic, financial, legal, capital and liquidity planning)
- Proactively analyze RRP learnings to identify opportunities for improvements to recoverability and resolvability of RBC and its subsidiaries.
- Support regulatory requests and ongoing communication with Canadian and global regulators, notably RBC’s Crisis Management Group.
- Evaluate strategic initiatives and regulatory developments covering business strategies, financial outlook, capital and liquidity planning in addition to changes in RBC’s corporate and legal structure in collaboration with senior management, line of business representatives, Finance, Internal Audit, Law, Corporate Treasury, Enterprise Strategy, Corporate Development and GRM teams to ensure RRP remains evergreen, relevant and actionable.
What do you need to succeed?
Must Have
- Post-secondary education in Finance, Economics, Accounting or a related field.
- Quantitative background with 5-7 years of experience in banking businesses, Risk Management, Finance, Corporate Treasury Consulting or other related fields
- Experience with modern analytical and Data Visualization tools such as Python (Matplotlib, Plotly, Seaborn), GitHub and Tableau
- Knowledge of AI (e.g. Python), Tableau and creative/content-based tools (e.g. Adobe) or willingness to learn
- Proficient in SQL, Excel, Word, and PowerPoint
- Ability to design and deliver compelling presentations to senior management and other stakeholders
- Excellent writing, communication, stakeholder management and presentation skills
- Organized self-starter with strong conceptual, analytical, and problem-solving skills, positive & collaborative mindset to take initiative and drive results
Nice to Have
- Graduate degree in a relevant field (e.g. Finance, Law)
- CA, CFA, JD, FRM or other professional designations
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
Job Skills
Business Performance Management, Investment Economics, Investment Risk, Investment Risk Management, Market Risk, Performance Management (PM), Risk Control, Risk Management, Standard Operating Procedure (SOP)Additional Job Details
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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.