Job Description

What is the opportunity?

The Associate Director, Emerging Risk will play a key role in executing the Emerging Risk team’s mandate and further developing the Emerging Risk program. This is a contract role, with a term of up to eight months (ending January 31, 2023).

The Emerging Risk team oversees the enterprise process for identifying, assessing, prioritizing, and monitoring emerging risks. This includes:

• Leading the development of enterprise-wide guidelines and the team’s processes for identifying, assessing, and monitoring Top and Emerging Risks.
• Identifying, assessing, and monitoring the enterprise’s Emerging Risks, and communicating the associated analysis to senior-level audiences and decision-makers.
• As such, acting as Group Risk Management (GRM) thought leaders on specific Emerging Risk issues (e.g., COVID-19, inflation, supply chain disruption, the Russia-Ukraine conflict, artificial intelligence and machine learning, crypto-assets and blockchain, trade wars, political unrest, other geopolitical issues).
• Participating in cross-functional projects that include Emerging Risk elements (e.g., artificial intelligence, crypto-asset risk guidelines).
• Continuous monitoring of industries to keep abreast of sector developments, in order to ensure appropriate risk rating actions.

What will you do?

The Associate Director, Emerging Risk will:

• Lead the identification and assessment of enterprise-wide Top and Emerging Risks, by performing ground up research and analysis, assessing their implications and impact on RBC, and developing presentations and white papers.
• Monitor global economic and political events for new trends and developments, and develop executive-level analyses and publications.
• Consult and work with people from a wide variety of groups across the bank, including: (i) various teams within GRM, such as Portfolio Strategy, Environmental and Social Risk, Country Risk, Risk Appetite, Stress Testing, Governance & Operations, Operational Risk Management, and Enterprise Risk Reporting; and (ii) other areas of RBC outside GRM, such as business segments, Economics, Enterprise Strategy, and other groups that may provide or use Emerging Risk insights and knowledge.
• Update the team’s quarterly Emerging Risk Dashboard.
• Identify opportunities to improve RBC’s Emerging Risk management processes.
• Review industry reports and other sources to identify key sector developments that could impact industry risk ratings.
• Prepare quarterly, annual, and ad hoc reporting of Top and Emerging Risks to senior management and the Board.

What do you need to succeed?

Must-have

• 3+ years of experience in the financial services industry, risk management, and/or consulting
• University degree in a relevant field
• General understanding and awareness of current global events, basic economic concepts, emerging technologies, and other trends
• Excellent research, analytical, and written and verbal communication skills
• Strong interpersonal and conceptual thinking skills
• Experience developing executive-level reports, presentations, and other deliverables
• An ability to understand and explain complex concepts
• Proficiency with Microsoft Office (e.g., PowerPoint, Excel, Word)

Nice-to-have

• 5+ years of experience in the financial services industry, risk management, and/or consulting
• Graduate degree in a relevant field
• CFA, FRM, CPA, or any finance- or risk-related professional designation/certification
• Sound knowledge of the financial services industry, risk management and economics
• Proficiency with Bloomberg and other market sources

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.

• 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 and make a difference
• Opportunities to build close relationships