What is the opportunity?
In Partnering across the enterprise, Internal Audit (IA), 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, shareholders’ 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.
As a Manager, Internal Audit, you will assess the effectiveness of internal controls, risk management practices, corporate governance processes, and fraud prevention and detection, in the Audit Platform. You will gain exposure to RBC products, services, businesses, platforms to become a subject matter expert. To develop audit and data analytics skills and to develop and apply a keen sense of challenge. Operates in a global resource model assigned to a home platform but capable of working in any RBC platform as part of a pool of resources.
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?
Audit and Assurance:
Contribute to execution of audits in the annual plan, and formally documents audit evidence, in accordance with Internal Audit guidelines.
Assess effectiveness of internal controls, risk management practices and governance processes in order to draw conclusions to complete the audit programs.
Develop and draft recommendations relating to audit program conclusions, to the Senior Manager, Internal Audit.
Identifies the key risks and potential business impacts (with guidance from the Senior Manager leading the audit)
Understands general IT risks in order to identify the key risks and controls in the business process or activity being audited.
Enforces information security and privacy policies and procedures when weaknesses are identified within the business process or activity being audited.
Data Analytics and Technology:
Discover patterns, insights, trends and anomalies from straightforward analyses, data sets and visualization tools.
Execute basic analyses (e.g. descriptive) and create simple visualization using standard tools.
Develop requests for advanced analytics by providing detailed and clear questions to the team Data Analytics Lead or Data Scientist.
Relationship Building and Client Experience:
Supports the Senior Manager in their proactive and ongoing monitoring and discussions with business leaders.
Respond to stakeholder needs quickly and efficiently.
Build trusting relationships with Internal Audit peers and business partners.
Uses negotiation skills to mitigate conflict during audit execution.
Challenge others’ thinking or approaches in a constructive manner.
Leadership & Relationship Management:
Takes initiative to lead small projects.
Participates in social, charitable or inclusive committees within Internal Audit or RBC.
Ability to work in a dynamically changing environment.
Assumes personal responsibility for specific, straightforward components of larger projects (audits).
Takes responsibility to develop own personal and professional leadership skills and capabilities.
What do you need to succeed?
4+ years’ relevant industry experience, specifically in a financial institution or technology company.
Undergraduate quantitative degree (e.g. B. Com., B. Math, P. Eng., MSc (Data Science))
Risk Management or Regulatory/Compliance experience – Understanding of the principles of Operational Risk, Market Risk, Credit Risk, and Liquidity & Funding Risk, as evidenced by internal/external courses.
Strong written and verbal communication, presentation, and technical writing skills, coupled with a strong interest in further developing and integrating operations with technology skills.
Understanding of business AML Compliance. Knowledge of OSFI regulations.
Knowledge of Canadian financial regulations.
Understanding of data visualization and reporting – e.g. Tableau.
Experience working for either internal client (cross platform) or external 3rd party client(s).
Preferred professional accounting or audit certification (e.g. CISA, CIA, CFE, CPA, CA).
Ability to work in a dynamically changing environment and efficiently adapt to new concepts.
Excellent analytical, problem solving, time management and organizational skills.
Ability to work collaborative with cross-function teams and business units.
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.
Excellent exposure to communicate with various business partners and stakeholders
Opportunity to obtain hands-on experience throughout your role
Working with an exciting, close-knit, supportive & dynamic group
Opportunity to collaborate with other business segments within the bank
Excellent career development and progression opportunities
A comprehensive Total Rewards Program including bonuses and flexible benefits