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- Tasks: Lead a team in managing operational risk and provide key insights for business decisions.
- Company: Join RBC, a leading global bank with a commitment to diversity and inclusion.
- Benefits: Coaching, development opportunities, and a dynamic, collaborative work environment.
- Why this job: Make a real impact in risk management while working with top professionals in the field.
- Qualifications: CISI, ICA, or IRM Certification in Risk Management and strong relationship management skills.
- Other info: Flexible working arrangements and excellent career growth potential.
The predicted salary is between 36000 - 60000 £ per year.
The role of Manager within Operational Risk Management, Wealth Management Europe (WME) is key in ensuring best‑in‑class, industry‑leading operational risk partnering practices, providing management with key risk insights to enable sound business decisions in WME. Through effective understanding of RBC’s risk management framework, industry techniques, stakeholder engagement and collaboration with our broader Operational Risk Management colleagues, the Manager will deliver risk management advisory services to stakeholders at various levels of the organisation.
RBC’s expectation is that all employees and contractors will work in the office with some flexibility to work up to one day per week remotely, depending on working arrangements.
What will you do?
- Work closely with Senior Managers to ensure that RBC standards and requirements are met.
- Manage a team of analysts to assist in partnering with key stakeholders to deliver the operational risk framework across WME.
- Using standardized thematic reporting, provide key stakeholders with insights into how the control environment can be strengthened.
- Support key stakeholders in complying with RBC Enterprise Issue Management standards.
- Perform quality assurance checks on all new issues and actions to ensure problem statements are adequately documented and actions adequately address the problem statement.
- Provide support to key stakeholders in performing risk profiles for change initiatives.
- Ensure risks are adequately rated, controls are identified, and where gaps exist, issues are raised to ensure adequate control implementation.
- Support the annual RCSA cycle – under guidance from the RCSA lead, execute the roll‑out of the RCSA process to business partners, ensuring that risks are appropriately documented, controls identified to mitigate the risks, and issues raised where there is a gap in controls.
- Support the annual WM Risk Appetite Refresh cycle, ensuring delivery of an insightful set of metrics that adequately support the business in preventing and detecting key operational risks.
- Contribute to WME Quarterly Risk Reporting, KRI reporting, deep dive and thematic risk reviews and periodical reporting.
- Liaise with the wide team, 2LoD and central reporting team on collating, validating and analysing data.
- Drive the continuous improvement effort by proactively identifying enhancement and/or optimisation opportunities within existing processes.
What do you need to succeed?
Must‑have:
- CISI, ICA, IRM Certification in Risk Management.
- Proven relationship management experience / business development skills.
- Strong experience in risk management practices, including RCSA, risk issue management, operational risk event management, risk reporting, risk appetite, KRIs and risk thematic reviews.
- Understanding of enterprise risk frameworks and operational risk frameworks.
Nice‑to‑have:
- Accountancy qualifications.
- RBC organisational awareness (UK / Global).
What is in it for you?
- Leaders who support your development through coaching and managing opportunities.
- Opportunities to work with the best in the field.
- Ability to make a difference and lasting impact.
- Work in a dynamic, collaborative, progressive, and high‑performing team.
Job Skills:
- Business Process Design
- Decision Making
- Financial Risk Management (FRM)
- Operational Risks
- Risk Control
- Risk Management
- Teamwork
Address: 100 Bishopsgate, London
Country: United Kingdom
Work hours/week: 35
Employment Type: Full time
Platform: Wealth Management
Job Type: Regular
Pay Type: Salaried
Manager – Operational Risk Management, Wealth Management Europe employer: Royal Bank of Canada
Contact Detail:
Royal Bank of Canada Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager – Operational Risk Management, Wealth Management Europe
✨Tip Number 1
Network like a pro! Reach out to current employees at RBC or in the wealth management sector. A friendly chat can give us insider info and might just land you a referral.
✨Tip Number 2
Prepare for interviews by understanding RBC’s risk management framework inside out. We should be ready to discuss how our skills align with their operational risk practices.
✨Tip Number 3
Showcase our analytical skills! Bring examples of how we’ve identified risks and implemented controls in past roles. This will demonstrate our hands-on experience in risk management.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure our application gets seen by the right people. Plus, it shows we’re serious about joining the team.
We think you need these skills to ace Manager – Operational Risk Management, Wealth Management Europe
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Manager role in Operational Risk Management. Highlight your relevant experience and skills that align with the job description, especially around risk management practices and stakeholder engagement.
Showcase Your Certifications: Don’t forget to mention your CISI, ICA, or IRM certifications prominently. These are must-haves for this role, so make them stand out to show you’re qualified right from the get-go!
Use Clear Examples: When describing your past experiences, use specific examples that demonstrate your relationship management skills and your understanding of risk frameworks. This will help us see how you can contribute to our team effectively.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows your enthusiasm for joining our dynamic team at RBC.
How to prepare for a job interview at Royal Bank of Canada
✨Know Your Risk Management Frameworks
Make sure you have a solid understanding of RBC’s risk management framework and operational risk practices. Brush up on RCSA, risk issue management, and thematic reviews so you can confidently discuss how these apply to the role.
✨Showcase Your Relationship Management Skills
Prepare examples that highlight your experience in relationship management and business development. Think about times when you've successfully engaged stakeholders or collaborated with teams to deliver results.
✨Be Ready for Scenario-Based Questions
Expect questions that ask you to assess risks or propose solutions based on hypothetical scenarios. Practise articulating your thought process clearly, as this will demonstrate your analytical skills and ability to think on your feet.
✨Demonstrate Continuous Improvement Mindset
Come prepared to discuss how you've identified and implemented process improvements in previous roles. This shows that you’re proactive and committed to enhancing operational efficiency, which is key for the Manager position.
