Financial Risk Jobs in Toronto, ON (NOW HIRING)

What is the opportunity?

As the Senior Director you will drive growth and leadership of the Financial Risk Oversight function within Group Risk Management Insurance. In this role, you will lead the independent risk management oversight of the Insurance business, delivering critical organizational guidance through rigorous monitoring, control environment assessments, and transparent communication of material market risk positions, trends, concentrations, and policy compliance.

What will you do?

• Lead the implementation and coordination of an integral market risk management framework for the Insurance Companies' balance sheet.
• Perform and identify gap analysis to establish remediation plans for adherence to internal policies, and compliance with regulatory requirements.
• Implement and enhance market risk practices and key oversight programs within the second line.
• Advise senior management with insights into potential developments, risk concentrations, and risk trends that could result in significant financial losses under adverse market conditions.
• Oversee regular reviews of the Risk Appetite and Risk Limits frameworks for Market Risk, ensuring that risks are appropriately managed, and tolerances are appropriately calibrated at the Enterprise level and by key business lines.
• Develop and execute market risk projects to implement a feasible infrastructure and enable reliable market risk measures, providing requirements in the design of key components of the strategic market risk platform, and ensuring these components are delivered effectively.
• Develop and maintain comprehensive Financial Risk Oversight policies and procedures and conduct due diligence for new products.

What do you need to succeed?

Must Have

• Proven track record leading risk management or market oversight functions
• Executive-level engagement skills, including the ability to debate and advocate positions with conviction and passion.
• Business Advisory experience with the proven ability to communicate complex concepts concisely to technical and non-technical audiences
• Strong understanding of financial markets, trading businesses, alternative assets, exchange traded and over the counter markets and applicable risk frameworks.
• Thorough knowledge of traded products including derivatives and their associated risks.
• CFA, CA or other related professional qualifications.
• People Leadership experience.

Nice to Have

• Actuarial or insurance industry experience.
• Good understanding of the bank and insurance dealer regulatory environment.
• Strong knowledge of financial accounting practices

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

Job Skills

Additional Job Details

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.

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.