Governance Manager, GRM-Balance Sheet Risk
Job description
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At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.
Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.
Job Title
Job Description
What is the Opportunity?
The US GRM-Balance Sheet Risk (US GRM-BSR) group provides independent and effective on-site monitoring, controlling and communication on the nature and extent of all material liquidity risk and banking book market risk (non-trading market risk, interest rate risk in the banking book [IRRBB]) across RBC’s Combined US Operations (CUSO), which includes RBC’s US branches and agencies, RBC’s Intermediate Holding Company (RIHC) and its material entities: RBC Capital Markets LLC (CM LLC), City National Bank (CNB), RBC Bank Georgia, N.A. (RBC Bank). The group is relied upon to ensure the implementation of and compliance with risk management policies and procedures.
The incumbent will provide governance support to the Head, US GRM-BSR, in the execution of responsibilities of the US GRM-BSR group, to help achieve strategic alignment across CUSO and RBC Group.
What will you do?
This role is responsible for the active management of governance activities for the US GRM-BSR group, including the development of board, committee and senior management reporting.
Assist the Head, US GRM-BSR to set BSR risk committee meeting agendas, taking meeting minutes, and collect, validate and distribute meeting materials.
Work closely with secretaries of board and senior management committees across CUSO (RBC Group, IHC, CNB, RBC Bank, etc.) to set agendas, communicate and distribute materials to CUSO senior management, including risk reporting, new policies, amendments to existing policies, etc.
Prepare, present and steer governance materials and policy documents through the approval process with senior management and committees such as the CUSO Risk Management Committee (CUSO RMC), CUSO Liquidity Risk Committee (CUSO LRC), CNB Market & Liquidity Risk Committee (CNB MLRC) and the Risk Committee of RBC U.S. Group Holdings, LLC.
Establish and maintain risk committee reporting standards, communicate these standards to CUSO employees and work with CUSO the ensure compliance with these standards.
Review and interpret FRB, OCC and other applicable regulatory guidance pertaining to ALM, and advice on their impact to RBC.
Maintain and update as necessary balance sheet risk (IRRBB, Liquidity, etc.) limits and breach acknowledgements and remediation in LAMP.
Facilitate closure of audit and/or regulatory findings as needed.
What do you need to succeed?
- Bachelor's Degree
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
- Opportunities to do challenging work
- Opportunities to building close relationships with clients
The good-faith expected salary range for the above position is $110,000- $190,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
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
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Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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