Senior Manager, Risk Management

Job Summary

Job Description

What is the opportunity?

RBC GAM is the asset management division of the Royal Bank of Canada. The RBC GAM group of companies has more than CAD 650 billion in assets under management with investment teams located across Canada, the U.S., Europe, and Asia. The RBC GAM Risk Management team provides independent oversight of RBC GAM’s investment activities across public and private markets. The risk team is responsible for risk measurement and monitoring, risk policy and governance, providing effective challenge to investment teams, and helping to establish risk appetite. Our stakeholders include RBC GAM clients, investment teams, regulators, and RBC GAM leaders. The successful candidate will be a key contributor to the RBC GAM Risk Management team with responsibilities described in the following sections.

What will you do?

1. Work in a first-line risk management function, overseeing private market investments.
2. Conduct risk assessments and monitoring of private market investments, initially focusing on Canadian direct mortgages, real estate, and global infrastructure.
3. Perform risk analysis to identify, measure, and manage risks associated with private market portfolios.
4. Engage in due diligence processes for potential private market investment opportunities.
5. Collaborate with investment teams to integrate risk management practices into the investment decision-making process.
6. Prepare and present risk reports to senior management, highlighting key risk exposures and mitigation strategies.
7. Stay abreast of market developments, regulatory changes, and best practices in risk management within the private markets space.
8. Develop and implement risk management frameworks and policies.

What do you need to succeed?

Must Have

1. 3-5 years of professional experience in risk management, either working in private market investments, or working in credit risk management, preferably with commercial mortgages.
2. Bachelor’s degree in Finance, Economics, Statistics, or a related field. An advanced degree or professional designation (e.g., CFA, FRM) would be an asset.
3. Experience with risk assessment and reporting for direct mortgages, real estate, and/or infrastructure investments.
4. Excellent communication and presentation skills, with the ability to convey complex risk information to diverse audiences.
5. Demonstrated ability to work collaboratively across different teams and functions within an organization.
6. Attention to detail, strong written and verbal communication skills.

Nice To Have

1. Prior experience in a similar role within an asset management firm or financial institution.
2. Proven track record of implementing risk management improvements or innovations.
3. Advanced Excel skills and experience with programming languages (e.g., Python, R) for data analysis.
4. Experience with data visualization and reporting tools (e.g., Dash, Tableau).
5. Knowledge of the asset management industry.
6. CFA, FRM or similar.
7. Experience with Canadian regulatory frameworks governing private market investments.
8. Familiarity with ESG (Environmental, Social, and Governance) risk considerations.

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.

1. A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation.
2. Leaders who support your development through coaching and managing opportunities.
3. Ability to make a difference and lasting impact.
4. Work in a dynamic, collaborative, progressive, and high-performing team.

Job Skills

Business Process Design, Critical Thinking, Derivatives, Economic Analysis, Financial Instruments, Financial Statement Analysis, Fraud Risk Management, Investment Performance Measurement, Investment Risk Management, Risk Control.

Additional Job Details

Address: RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City: TORONTO

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: WEALTH MANAGEMENT

Job Type: Regular

Pay Type: Salaried

Posted Date: 2025-02-25

Application Deadline: 2025-03-12

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 embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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