Sr. Manager, 1st Line Risk Oversight & Surveillance
Job Summary
Job Description
What is the opportunity?
? The Sr. Manager, 1st Line Risk Oversight & Surveillance role will oversee the trading and financial risk associated with independent broker-dealers and RIA firms that clear and/or custody through RBC Clearing & Custody.
? The position will also be responsible for developing and leading risk surveillance practices to identify risk trends or patterns of behavior that may require further review.
What will you do?
? Interact with team members and C&C risk management personnel to monitor risk limits and maintain policies, working closely with broker-dealers and RIAs to manage the financial risk associated with their activities.
? Effectively communicate with C&C firms by educating and advising them on credit and market risk in order for them to make sound business decisions, while mitigating financial risk to their firms as well as RBC.
? Execute a delegation of authority plan to ensure any changes to credit limits are approved by clearly defined stakeholders.
? Understand the business activities of C&C client firms, with a focus towards proprietary and institutional trading.
? Remain current on industry trends around financial exposure to educate C&C client firms of risk management practices and procedures.
? Help develop and operationalize new surveillance capabilities based on insights obtained from data analytics, changing business needs, and regulatory developments.
? Contribute to the enhancement of various existing surveillance processes designed to identify and mitigate risk, identifying opportunities for automation or optimization where possible.
? Lead processes to perform initial triage of surveillance findings for escalation to other teams such as Client Risk Prevention or the Business Supervision Group.
What do you need to succeed?
Must-have
? Bachelor?s degree in a relevant field or equivalent experience within the securities industry
? Series 7 Licensed or ability to obtain within 120 days of starting position
? Prior risk management experience
? Sound judgment and a substantive understanding of risk policies, processes, and practices
? Strong time management and organizational skills with the ability to handle multiple projects on an ongoing basis in a fast paced, ever-changing work environment
Nice-to-have
? Excellent interpersonal, oral, written and presentation skills
? Highly self-directed; takes initiative, functions independently, and fosters collaboration across teams
? Effective problem identification, analytical, and resolution skills
? Strong ability to interact with all levels of staff
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
? Flexible work/life balance options
? Opportunities to do challenging work
? Opportunities to take on progressively greater accountabilities
? Access to a variety of job opportunities across business
The expected salary range for this particular position is $85,000-$150,000 , depending on your experience, skills, and registration status, market conditions and business needs.
You have the potential to earn more through RBC?s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
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
Job Skills
Business Data Analysis, Communication, Credit Analysis, Database Queries, Data Visualization, Decision Making, Long Term Planning, Operational Delivery, Quantitative Methods, Risk Management
Additional Job Details
Address:
250 NICOLLET MALL:MINNEAPOLIS
City:
Minneapolis
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
WEALTH MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-03-21
Application Deadline:
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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