Senior Manager, Internal Audit - Commercial Banking

What is the opportunity?

In partnering across the enterprise, Internal Audit (IA), also known as the Chief Audit Executive Group (CAE), a division within RBC, has a mandate to provide independent, objective risk assessment and evaluation of the adequacy and effectiveness of risk management practices, internal controls, and governance processes for all areas of RBC. While remaining independent and objective, IA works with management in achieving business objectives by ensuring appropriate remedial action takes place to improve operations in areas with identified weaknesses. Key stakeholders include the board of directors, external auditors, regulators, and senior management. As a dynamic global team, we are building a team to accelerate and enable our strategy, goals, and transformation efforts.

The Senior Manager, Internal Audit, Commercial Banking is a curious, dynamic, adaptable, solution-oriented leader and self-starter. You will be leading audit projects, assessing the effectiveness of internal controls, risk management practices, corporate governance processes, and fraud prevention and detection, in the Commercial Banking Platform. You will gain exposure to RBC products, services, businesses, platforms to become a subject matter expert. You will develop audit and data analytics skills and apply a keen sense of challenge. You will also build strong relationships and act as a trusted advisor to auditees.

RBC Internal Audit (IA) is currently undertaking a number of initiatives as well as continuous improvement opportunities. Examples of areas of transformation activities in support of IA group include: (i) implementation of transformational strategic initiatives underpinning a multi-year audit strategy; (ii) ensuring large initiatives (i.e., analytics and automation; IA operational process reviews; etc.) are well managed and executed with appropriate change management support; and (iii) other strategic activities in support of the global IA team as we remain a leading Internal Audit function.

What will you do?

• Lead all aspects of an audit including planning, execution and reporting.
• Recommend risk-based audit scope to ensure adequate coverage of key risk areas to support an overall opinion on internal controls and risk management practices to Senior Management.
• Develop and execute audit programs and procedures to assess design and operating effectiveness of controls implemented.
• Manage a team of professional auditors assigned to the engagement and review audit work for sufficient scope, accuracy and alignment with Internal Audit methodology.
• Develop and draft issues and recommendations relating to control gaps identified, as well as overall audit conclusions based on control strengths and weaknesses.
• Build and maintain effective working relationships with key business stakeholders. Support management in developing robust action plans to address deficiencies, and ensure corrective actions are implemented in a timely manner to effectively address the issues.
• Contribute to the annual audit planning and risk assessment processes. Identify opportunities for Internal Audit to provide assurance or advisory services consistent with its role to evaluate and improve risk management, control, and governance processes.
• As a strategic thinker, develop new assurance strategies and data-driven approaches to produce risk and control insights for business partners, and increase Internal Audit's efficiency and effectiveness and Keep abreast of organizational, regulatory, product, strategic and financial changes and/or trends through continuous monitoring to identify top and emerging risks impacting assigned business units.

What do you need to succeed?

Must-have

• 5+ years' relevant industry experience in a financial institution, or Internal Audit, Compliance or Risk Management role.
• Deep understanding of risk and control concepts, with ability to formulate audit procedures, evaluate materiality of deviations, as well as strength of management practices.
• Good understanding of the risks associated with Commercial Banking services, products and processes, in areas such as lending, treasury management, payments and trade finance.
• Strong written and verbal communication and presentation skills, with experience interacting with Senior Management and Executives.
• Excellent analytical, problem solving, time management and organizational skills.

Nice to have

• Post-graduate degree and/or Professional designation (e.g. MBA, CPA, CFA, FRM, CIA).
• Knowledge of digital product management.
• Experience with developing data visualization and reporting.

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
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Flexible work/life balance options

#LI-Hybrid

#LI-POST

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Additional Job Details

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.