Assistant Data Risk Analyst Jobs in Ontario (NOW HIRING)

Job Description

What is the opportunity?

Responsible for supporting the control framework for RBC Insurance and the methodology for privacy and data risk management and consulting for Insurance portfolio. Support the Ins DMO Senior Manager/Director and broader Ins Data & AI teams in providing end-to-end oversight and challenge reviews (1LoD Privacy/Data Risk Officer) of Processing Activity Risk Assessments (PARAs) incl. Privacy Risk Assessments (PRAs) and Data Risk Assessments (DRAs) across Insurance. Works closely with Insurance business stakeholders, Enterprise Information Management Risk (EIMR) team, Global Privacy Office (GPO), Chief Data Office (CDO) and Internal Audit, collaborating with these teams to learn and integrate best practices, recommendations, and internal policies and guidelines into privacy and data risk management at RBC Insurance. This role plays a critical role in supporting RBC Insurance's compliance with applicable data protection and privacy laws as well as RBC's Enterprise Privacy Risk Management and Information Management (data) Risk Policies.

What will you do?

Privacy and Data Risk Management (1LoD Privacy/Data Risk Officer)

• Conduct privacy and data risk reviews for new and changed products/services, third party engagements (SRMA/IGA), technology implementations, and business initiatives across Insurance portfolio.

• Advise on data and privacy design requirements and support the identification and mitigation of risk exposures.

• Provide consultation on projects and business initiatives, including guidance on key areas of privacy and data risks.

• Design and develop enhanced risk reporting. Identify, document and track privacy and data risks and recommended actions (i.e., controls), reporting on the risk position as required.

• Monitor and measure key privacy and data risk indicators (KRIs) and provide analysis to identify systemic issues for assessment of action plans

• Assist in the sustainment of a disciplined privacy and data risk culture.

Data Risk & Controls

• Supports the Data Control framework for RBC Insurance

• Consults and advises with project teams and assist teams in control assessment & design.

• Support control management activities for Digital and Data Office controls in Archer (Risk Registry/ORMS).

• Supports the Standardized Approach to Key Controls (SAKC)/Risk and Controls Assessment (RCA) process required for critical and key data elements (CDEs/KDEs) to align with Enterprise Data Standards of Care.

What do you need to succeed?

Must have:

• 4-6 years in a combination of knowledge, skill and background within Data and Privacy Governance/Management or comparable discipline

• Demonstrate the ability to recommend solid solutions/processes and procedures to ensure high level of privacy and data risk controls management

• Familiar with Archer and Collibra

• Undergraduate university degree or equivalent - Emphasis on Data, Science, Statistics or Commerce/Business

• Ability to communicate and interact effectively with senior management and business stakeholders

• Strong communication skills, and ability to synthesize data-driven insights into effective recommendations for action

• Strong problem solving, analytical (including qualitative and quantitative analysis) and research skills are essential

• Strong working experience with MS Office Professional Suite

Nice-to-have:

• Knowledge of Insurance business and products and processes

• Recognized Industry Qualifications - Data Management / CIPP / CIPM or equivalent courses.

• Knowledge, skill and background in either operational risk practices, audit or compliance functions, within one or more businesses in Insurance (or comparable business).

What's in it for you?

Whether it's developing new skills, opportunities to innovate and grow, modern and comprehensive benefits, or the flexibility to enjoy the moments that matter, at RBC you have everything you need at your fingertips to build your career and life.

• Working with an award-winning team Awards | RBC Diversity & Inclusion

• A comprehensive Total Rewards package that prioritizes your overall wellbeing, including flexible and modern benefits, competitive compensation and stock options

• Work where you belong as part of a supportive, inclusive team and company that celebrate your unique perspectives, background and experience and want you to bring your whole self to work, every day.

• Leaders who are invested in your success and provide opportunities to learn, to grow and to try new things. Develop new skills, sharpen existing ones and explore paths you never knew existed with a host of learning programs and tools designed to support you in every phase of your career.

• An opportunity to have real impact on the lives of our clients and the communities you serve.

• RBCI software tools to boost your productivity

Job Skills

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

Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate's experience, skills, registration status, performance, individual goals, market conditions, and business needs.

Pay Range

The expected pay range for this position is:

The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay rage for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable.

You have the potential to earn RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.

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.