Director, Conduct and Compensation Risk

What is the Opportunity?

As part of the Group Risk Management (GRM) Enterprise Conduct and Reputation Risk team, the Director, Conduct and Compensation Risk will be responsible for enhancing RBC's risk-related compensation practices across the enterprise in all segments and regions. Key responsibilities include reviewing and actioning practices for alignment with mature industry practices and regulatory requirements, collaborating with human resources, and providing oversight and challenge on compensation risks.

The GRM Enterprise Conduct and Reputation Risk team is accountable for the Enterprise Culture and Conduct Risks Framework and the Enterprise Reputation Risk Management Framework. Through these frameworks the team provides the enterprise-wide strategy and direction to enable RBC to identify, measure, monitor, and mitigate the risks associated with culture, conduct, reputation, client practices, and compensation.

What will you do?

(a) Evolve RBC's Compensation Risk Management Operating Model

• Articulate and build the plan to enhance operating model and practices.
• Develop and maintain binding governance documents (frameworks, policies, standards, etc.) that include clear roles and responsibilities aligned with the three lines of defence.
• Monitor external research and benchmark effective practices.
• Implement a robust regulatory compliance management program for compensation risk.
• Establish and maintain a robust governance process for risk-based compensation decisions.

(b) Lead Enterprise Compensation Risk Practices

• Enhance and maintain robust enterprise-wide compensation risk processes and practices including the identification of material risk takers and other covered employees, risk-related goals for leaders, and corresponding measurement of results and compensation consequences.
• Collaborate with colleagues in disciplines that intersect with compensation risk including human resources, compliance, enterprise and operational risk, finance, and legal to produce comprehensive compensation risk profiles at the enterprise level, and by segment and region as needed.
• Perform thorough compensation plan risk assessments together with functional partners.
• Build and mature reporting including enterprise chief risk officer (CRO) reports, and working with regional CRO teams on their own compensation risk reporting to ensure alignment.
• Develop robust data lineage protocols and related data management practices to ensure reliable information is produced.
• Prepare or review external disclosures and regulatory responses.
• Establish regular reviews on the effectiveness of the compensation risk processes and practices, driving for consistency and continuous enhancement.
• Review, prepare and action material for management committees and brief the executive.
• Lead compensation risk-related projects.

(c) Act as a leader in Operational Risk / Culture, Conduct, and Reputation Risks

• Fosters strong stakeholder relationships to enable active and collaborative working relationships.
• Drives a culture of integrity and behaviours that align to RBC's Code of Conduct and professional standards.
• Works collaboratively across teams, enabling an engaged workforce who are effective, knowledgeable and adaptable.
• Cultivates an environment of continuous personal growth.
• Acts with the highest degree of discretion in handling information.

(d) LEADERSHIP CAPABILITIES

• Embody the values of RBC and the leadership model in daily stakeholder interaction.
• Demonstrate a collaborative work ethic and enterprise-wide mindset.
• Promote a strong culture of risk and control awareness and risk mitigation in all dealings with stakeholders.
• Leverage the value in unit, department, and enterprise-wide teams to develop better solutions and achieve optimal enterprise-wide results.

What do you need to succeed?

Must Have:

• 10+ years of experience in progressively responsible roles in the financial services industry with direct exposure to enterprise/operational risk management and enterprise-wide mandates.
• University degree in a business discipline or professional designation.
• Established acumen in governance-risk-compliance (GRC) through three lines of defence roles.
• Advanced analytical, strategic thinking, and problem solving skills.
• Advanced skills in working across geographies and in a matrixed environment.
• Seasoned at stakeholder and change management.
• Strong leadership and impact and influence skills at all levels.
• Experience researching and implementing regulatory requirements.

Nice-to-Have:

• Strong understanding of compensation risk practices.
• CPA, MBA, Law certifications/professional designation.
• Strategic mindset, with excellent knowledge and understanding of RBC businesses and organization.

What is in it for you?

We thrive on the challenge to be our best, progressive thinking, to keep growing, and working together to build and deliver trusted reporting to help our stakeholders succeed 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.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• Leaders who support your development through coaching and managing opportunities.
• Ability to make a difference and lasting impact.
• Opportunities to take on progressively greater accountabilities.
• A world-class training program in financial services.

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above