The Director, Risk & Control, RMFI will lead the strategic design and execution of the risk and control framework for Royal Mutual Funds Inc. (RMFI) compliance, ensuring RBC's reputation and regulatory adherence within Personal Banking Distribution. This role is crucial for maintaining RBC's strong risk and internal control environment, aligning with the company's risk management approach, and continuously enhancing the control framework in line with RBC's policies and standards.
Champion risk and control processes across distribution channels to meet RMFI regulatory standards, including defining and communicating the RMFI risk and control roadmap.,Develop and maintain the Risk and Control Registry in compliance with RBC's Internal Controls Management Policy and Standards.,Deepen knowledge of RMFI distribution/sales processes to identify and embed controls across the client journey and product lifecycle.,Drive full lifecycle control management (design, assessment, monitoring, reporting) to mitigate risks, supported by KRIs/KPIs, dashboards, attestations, and testing outcomes.,Collaborate with cross-functional partners (Risk Supervisors, GRC IO, RMFI stakeholders) to build a unified control ecosystem.,Monitor control performance and efficacy, escalating material risks, issues, and gaps to senior leaders.,Ensure control documentation compliance with ICMP/ICMS standards and oversee timely remediation of control weaknesses and audit/regulatory findings.,Share assessment results with Risk Supervisors and stakeholders.,7+ years of experience in Risk Management, Compliance, or Audit roles within financial services, with RMFI-related expertise.,Proven expertise in internal control frameworks, regulatory requirements, and financial services audit standards.,Strong collaborative skills to manage cross-functional relationships.,Exceptional communication and documentation skills, able to translate complex risk/control concepts into clear, actionable language.,Proficiency in control monitoring tools (KRIs/KPIs, dashboards, attestation systems) and strong analytical/problem-solving capabilities.,Demonstrated ability to manage multiple priorities, oversee remediation activities, and maintain precision in governance and documentation.
Strong knowledge of RMFI distribution networks (branch, Advice Centre, digital channels) including sales processes, customer journeys, and product delivery mechanisms.,Background in Investments/Wealth Management (mutual funds, distribution channels) and operational processes for RMFI products (e.g., Rule 1500); experience with control management systems like ORMS.,Background in internal audit, risk management, or familiarity with RBC's ICMP/ICMS frameworks.,Project management experience.,Bachelor's/advanced degree or certifications (CPA, CIA, risk designations).
Bachelor's Degree or advanced degree/certifications (CPA, CIA, risk designations)
37.5 hours/week
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. As Canada's largest bank, it provides personal and commercial banking, wealth management, and capital markets services to over 17 million clients worldwide.
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