Director, Risk & Control Management - Royal Mutual Funds Inc. (RMFI)

Job Description

What is the opportunity?

Join the team as the Director, Risk & Control, RMFI you will lead the strategic design and execution of the risk and control framework for RMFI compliance safeguarding RBC's reputation and regulatory adherence in Personal Banking Distribution. This role is critical to maintaining RBC's robust risk and internal control environment and ensuring alignment with our risk management approach. You will be responsible for RMFI processes, accountable for maintaining risk inventories/registries, designing resilient controls, assessing and monitoring their performance to ensure we maintain results that fall within the risk thresholds established with RMFI, and ensuring continuous improvement in our control framework in accordance with RBC's Internal Controls Management Policy and Standards.

What will you do?

• Champion risk and control processes across distribution channels to meet RMFI regulatory standards, including defining and communicating the RMFI risk and control roadmap to leadership and partners.

• Develop and maintain the Risk and Control Registry to ensure a comprehensive inventory of risk statements and controls, compliant with RBC's Internal Controls Management Policy (ICMP) and Standards.

• Deepen knowledge of RMFI distribution/sales processes to identify and embed controls across the client journey and product lifecycle, ensuring alignment with Risk Supervision responsibilities.

• Drive full lifecycle control management (design, assessment, monitoring, reporting) to mitigate risks, supported by KRIs/KPIs, dashboards, attestations, and testing outcomes.

• Collaborate with cross-functional partners (Risk Supervisors, GRC IO, RMFI stakeholders) to build a unified control ecosystem and ensure effective oversight of issues impacting RMFI business in response to Rule 1500.

• Monitor control performance and efficacy, escalating material risks, issues, and gaps to senior leaders while maintaining audit readiness and supporting enterprise governance (e.g., control certification, key risk mapping).

• Ensure control documentation compliance with ICMP/ICMS standards and oversee timely remediation of control weaknesses and audit/regulatory findings.

• Share assessment results with Risk Supervisors and stakeholders, maintaining visibility into execution gaps and emerging risk drivers affecting the control environment.

What do you need to succeed?

Must-have:

• 7+ years of experience in Risk Management, Compliance, or Audit roles within financial services, including RMFI-related expertise.

• Proven expertise in internal control frameworks, regulatory requirements, and financial services audit standards.

• Strong collaborative skills to manage cross-functional relationships with Risk Supervisors, Risk Owners, and stakeholders.

• Exceptional communication and documentation skills, with the ability to translate complex risk/control concepts into clear, actionable language for diverse audiences.

• Proficiency in control monitoring tools (KRIs/KPIs, dashboards, attestation systems) and strong analytical/problem-solving capabilities.

• Demonstrated ability to manage multiple priorities, oversee remediation activities, and maintain precision in governance and documentation.

Nice to have:

• Strong knowledge of RMFI distribution networks (branch, Advice Centre, digital channels) including sales processes, customer journeys, and product delivery mechanisms

• Background in Investments/Wealth Management (mutual funds, distribution channels) and operational processes for RMFI products (e.g., Rule 1500); experience with control management systems like ORMS

• Background in internal audit, risk management, or familiarity with RBC's ICMP/ICMS frameworks

• Project management experience; Bachelor's/advanced degree or certifications (CPA, CIA, risk designations)

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.

• Make a meaningful impact on RBC's risk management and control environment

• Leaders who support your development through coaching and managing opportunities

• Develop expertise in enterprise risk governance and internal controls

• Work with cross-functional teams across the organization

• Contribute to maintaining RBC's reputation for strong governance and risk management

• Opportunity to grow in a dynamic, evolving risk landscape

• Work in a dynamic, collaborative, progressive, and high-performing team

Job Skills

Auditing, Audits Compliance, Business Analytics, Decision Making, Financial Risk Management (FRM), Information Security Management, Occupational Safety and Health, Operational Delivery, Quality Management, Results-Oriented, Risk Management, Security Management, Strategic Thinking, Training Programs

Additional Job Details

Address:

RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

PERSONAL & COMMERCIAL BANKING

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-02-24

Application Deadline:

2026-03-11

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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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.