Job Title

Associate Director, Enterprise Risk Policy Governance

Job Description

What is the opportunity?

As part of the Enterprise Risk Policy team, the Associate Director will be responsible for leading and strengthening governance protocols for GRM’s suite of risk policies (including risk frameworks, policies, standards, procedures and standing orders). In addition, the role will promote policy governance best practices across RBC’s business segments and functional units.

What will you do?

Policy Governance – Group Risk Management (GRM)

Design and lead policy governance initiatives across GRM to ensure it sets the gold standard for policy governance at RBC

Maintain GRM’s Policy Management Authorities (PMA) and an up to date list of GRM policy managers for each policy team within GRM

Work with policy managers to evaluate the need for any new GRM policies prior to their creation, with the goal to limit the proliferation of policies across GRM

Ensure policies developed by GRM adhere to RBC’s Enterprise Policy Management Requirements (GRM-RP5) and ensure they are appropriately approved as per GRM’s PMA

Work with policy managers to ensure that all approved GRM policies include timely and effective communication that facilitates the successful adoption of enterprise risk policies 

Ensure GRM policies contain references and linkages to other internal and external documents as appropriate

Ensure that approved GRM policies are tagged with accurate and relevant keywords prior to publishing to the Policy & Procedure Library (PPL) to maximize searchability

Ensure overdue GRM policies listed are maintained below both warning and constraint levels and provide regular status updates on overdue documents to the Policy Review Committee (PRC), which is chaired by the Chief Risk Officer and includes senior GRM leaders as members

In addition to reporting on overdue policies, report and present to PRC on policy governance issues including assessment of the effectiveness of GRM’s policies

Regularly monitor announcements and publications from RBC’s primary regulators/supervisors for potential impacts on enterprise risk policies

Review all business and functional unit requests for exception to RBC’s enterprise risk policies, provide recommendations for approval/decline, and maintain the list of approved exceptions

Policy Governance – Enterprise-wide

Develop and maintain strong working relationships with key contacts in RBC’s business segments and other functional units to share best practices in policy governance

Promote awareness of RBC’s Policy Management Requirements (GRM-RP5) across the enterprise and implement a monitoring program to ensure business and functions are in compliance

Work with Publication Services to ensure PMAs across RBC are maintained up to date and consistent with GRM-RP5

Champion effective stakeholder engagement as a key tenet of policy development; communicate with policy teams, managers and authors to ensure that best practices for stakeholder engagement are followed for review of policy documents prior to their approval

Monitor overdue policy documents across RBC and work with other policy teams to bring overdue documents up to date; escalate deteriorating trends as appropriate

Work with policy teams across the enterprise to eliminate duplicate content on PPL and where appropriate, reduce the proliferation of policy documents

Policy Related Applications & Tools

Act as the PPL application steward for PPL and the principle contact for T&O and for RBC’s relationship with the external vendor.  Work with T&O and external vendor to ensure PPL system capabilities align with RBC business segment/functional unit needs

Develop a program to monitor the effectiveness of PPL utilization by all business segments and functional units across RBC

Act as the centre of expertise (COE) for PPL and its supporting tools (e.g. Power BI, MyDocCompare); providing advice and support to RBC business segments and functional units to ensure their effective utilization

What do you need to succeed?

Must-Have:

7+ years of enterprise risk management experience with expertise in governance.

Strong problem solving, communication, and presentation skills.

Ability to collaborate effectively and draw out diverse views to achieve greater results

Self-starter with ability to work independently and in an organized manner

intellectual curiosity, global and strategic mindset with ability to think conceptually

University degree in Finance or related field

Nice-to-Have:

In-depth knowledge of RBC Risk Policies, procedures & practices, Folios etc.

Project management experience

Policy Management experience

Job Summary

This role is responsible for leading and strengthening governance protocols for GRM’s suite of risk policies (including risk frameworks, policies, standards, procedures and standing orders). In addition, as a leader of strong and robust policy governance, adoption and effectiveness, the role will promote policy governance best practices across RBC’s business segments and functional units