Insurance Risk Analyst Jobs in Minnesota (NOW HIRING)

What is the opportunity?

As a Senior Analyst for Operational Risk you will be responsible for executing RBC Wealth Management's U.S. (WM-U.S.) operational risk management practices and initiatives in accordance with RBC's Enterprise and business requirements. In this role you will 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.

What will you do?

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

What do you need to succeed?

Must-have

• 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 be able to deal effectively with and influence business partners, stakeholders, and senior management.
• Proven skill in handling 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 ability to prioritize multiple competing tasks

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

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, 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.

The expected salary range for this particular position is $70,000-$130,000, 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 gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC's high-performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

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.