About this role
Job Description
What is the opportunity?
This role provides AI risk governance support and insights that enables efficient and effective execution of AI risk strategy and initiatives while maintaining RBC’s desired risk profile. It also supports the design and implementation of RBC’s AI risk governance framework aligned with related frameworks and policies, and supports oversight of the portfolio of internal policies and external regulations in relation to AI.
What will you do?
- AI strategic direction and oversight: Support the evolution and leveraging of the responsible AI principles, risk management objectives, and risk management principles to ensure appropriate reflection in policies and procedures; provide advice and insights to business leaders while performing effective challenge on AI initiatives and risks; lead and coordinate AI regulatory oversight and management with GRM partners
- AI Risk strategy execution: Drive awareness of, including supporting the activation and embedding of, new ownership, roles, responsibilities, and accountabilities across business lines/functions in relation to AI; aid the implementation of, and then maintain, the RBC AI risk governance framework aligned with related frameworks and policies; support the execution of AI risk strategy (aligning governance and risk frameworks) and lead relevant components as assigned; support and inform enterprise AI strategy; provide risk support to ADT / AI initiative risk navigators and business leads as required including tracking initiative status and resolving common challenges
- 1st and 2nd line of defense for AI: Identify, assess and mitigate risks during AI design, deployment, and operations; support development of guidelines for the implementation of 1st line of defense on AI; assess AI-related risks, provide oversight and challenge, and monitor compliance with internal policies and external regulations while establishing the guidelines for the implementation of 2nd line of defense on AI
- Reporting and measurement: Support development and implementation of mechanism for identifying and tracking AI initiatives; develop and generate AI related reporting, including initiative status, key risk indicators, etc.
- ESG Risk governance: Support ESG risk governance activities as required and where skills and expertise can be leveraged
What do you need to succeed?
Must-have
- 5+ years of experience in risk management, operations, and/or technology environments with the ability to align and think holistically about governance and risk while considering broader business needs and AI strategies
- AI/ML Knowledge: Awareness of AI/ML technologies and associated risks
- Risk Management Experience: Background and experience in risk management concepts, Operational Risk, Model Risk Management and/or Technology Risk in regulated environments
- Stakeholder Management: Ability to communicate and collaborate with cross-functional stakeholders and navigate a matrixed environment
- Leadership / Soft Skills: Have a collaborative mind-set, ability to lead without authority, good verbal and written communications, analytical and critical thinking skills
Nice-to-have
- Experience working in dynamic environments and leading project teams
- Governance and Policy Design: Ability to design and implement frameworks that balance innovation with control. Proven experience with enterprise-wide projects.
- Regulatory Fluency: Familiarity with evolving global AI regulatory landscapes
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
Job Skills
Ensure Compliance, Organizational Governance, Performance Management (PM), Regulatory Compliance, Risk Control, Risk Governance, Risk Management, Standard Operating Procedure (SOP)Additional Job Details
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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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About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
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La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
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What you'll do
- The Associate Director will provide AI risk governance support and insights to enable effective execution of AI risk strategy while maintaining RBC’s risk profile. Responsibilities include overseeing AI initiatives, supporting the implementation of the AI risk governance framework, and ensuring compliance with internal policies and external regulations.
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