Senior Manager, Risk and Control Management - Royal Mutual Funds Inc. (RMFI)
Description
The Senior Manager, Risk and Control Management RMFI will support the strategic design and execution of the risk and control framework for Royal Mutual Funds Inc. (RMFI) compliance. This role safeguards RBC's reputation and ensures regulatory adherence within Personal Banking Distribution, maintaining a robust risk and internal control environment aligned with RBC's risk management approach. Responsibilities include supporting RMFI processes, maintaining risk inventories/registries, designing and monitoring controls, and ensuring continuous improvement in the control framework.
What We're Looking For
Support development and continuous enhancement of risk/control processes across distribution channels to meet RMFI regulatory standards, embedding controls throughout the client/product sales lifecycle.
Manage the control lifecycle (design, assessment, monitoring, reporting) to mitigate identified risks aligned with Risk Supervision responsibilities.
Develop and maintain the Risk and Control Register within ORMS with comprehensive details: descriptions, objectives, frequency, evidence requirements, and ownership.
Ensure control documentation compliance (completeness, accuracy, ICMP/ICMS adherence).
Monitor and report control performance/efficacy via KRIs/KPIs, dashboards, attestations, and testing outcomes.
Execute project management activities to track progress against control/issue remediation milestones.
Escalate material risks/gaps to management and oversee timely remediation of control weaknesses and audit/regulatory findings.
Collaborate cross-functionally (GRC IO, RMFI control performers, stakeholders) and document assessment results for Risk Supervisors and relevant parties to highlight execution gaps and emerging risk drivers.
3+ years in Risk Management, Compliance, or Audit within financial services and/or RMFI, with proven expertise in internal control frameworks and regulatory requirements.
Strong cross-functional collaboration skills to manage relationships with Risk Supervisors, Risk Owners, and stakeholders.
Excellent communication and documentation abilities to clearly articulate control design/operation for internal and external audiences.
Proficiency in control monitoring tools (KRIs/KPIs, dashboards, attestation systems) and strong analytical/problem-solving capabilities.
Knowledge of financial services audit/regulatory requirements with demonstrated ability to manage multiple priorities and oversee remediation activities.
Precision in governance and documentation across all risk/control activities.
Ideal Candidate
Background in Investments/Wealth Management (mutual funds, distribution channels) with knowledge of RMFI operational processes (Rule 1500) and distribution mechanisms (sales, customer journeys, product delivery).
Strong understanding of RMFI distribution and operational processes, with relevant industry experience in wealth/mutual funds/distribution channels.
Experience in risk/audit functions and control management systems (ORMS or similar), including familiarity with governance frameworks like RBC's ICMP/ICMS.
Project management experience and credentials such as a Bachelor's/advanced degree or professional certifications (CPA, CIA, risk designations).
Minimum Education
Bachelor's Degree
Hard Skills
Soft Skills
Work Hours
37.5 hours/week
Benefits
Also Available At
About the Company
Royal Bank of Canada
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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