Royal Bank of Canada

Associate Director - Payments Risk Advisory and Oversight Manager

Royal Bank of Canada • $110K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Reposted Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 4+ years of Payments Risk experience in Operational Risk, Compliance, and/or Audit with a focus on Banking or Financial Services.
  • Strong understanding of operational risk programs and risk assessment methodologies.
  • Experience with Payments Risk and Fraud Risk, aligning with global best practices.
  • Undergraduate degree or equivalent experience is required.

Responsibilities

  • Support the implementation of the CUSO Payments Risk strategy and culture.
  • Provide policy, process, and tool recommendations for Payments Risk management.
  • Engage in forums and working groups to monitor environmental trends affecting business continuity.
  • Investigate incidents related to Payments and Fraud to identify systemic weaknesses.
  • Collaborate with first line of defense on risk assessments and scenario analyses for the Payments program.
  • Conduct an annual Payments Risk Assessment to maintain an accurate Operational Risk Profile.
  • Review and challenge risk routines for new products and control testing.

Benefits

  • Comprehensive Total Rewards Program with competitive compensation and flexible benefits.
  • 401(k) program with company-matching contributions.
  • Support for personal and professional development from leadership.
  • Opportunities to make a lasting impact within the organization.
  • Dynamic teamwork environment fostering collaboration and high performance.
Full Job Description
Job Description

What is the Opportunity?

The Payments Risk Advisory and Oversight Manager will support key elements of the Payments Program to execute a robust CUSO Payments Risk Management Program, to ensure policy and standard requirements are adhered by all Segments within CUSO. This role will execute effective oversight and
challenge over the business/First Line of Defense (1LOD) and help support the development of the Payments Risk Profile, by platform, by legal entity.

The role will be instrumental in ensuring program effectiveness by providing education, collaborating across teams, and promoting Payments awareness across the organization to ensure overall organizational resiliency.

What will you do?
  • Support the CUSO Payments Risk strategy, culture and activities that enable the team to operate as an integrated organization
  • Provide recommendations on policies, processes, and tools for CUSO Payments Risk management
  • Participate in various forums, working groups, and committees as well as monitor the internal and external environment to keep abreast of organizational, regulatory, strategic, and operational changes and environmental trends impacting business continuity management practices
  • Investigate large loss events/incidents related to Payments/Fraud/business disruption to assess potential systemic weaknesses and ensure appropriate corrective action
  • Partner with first line of defense on the execution and effectiveness of the Payments program (independent reviews, deep dive reviews, risk assessments and coordination of scenario analysis) to gain assurance on current and emerging issues
  • Execute an annual CUSO Payments Risk Assessment to support accurate view of the Operational Risk Profile
  • Provide SME review and challenge of risk routines and assessments (e.g., new products, change, RCSA, control testing, etc.)


What do you need to succeed?
  • 4+ years of Payments Risk experience with knowledge, skill and background in Operational Risk, Compliance, and/or Audit ideally within the Banking and/or financial services industry
  • Sound Knowledge and experience with operational risk programs, risk assessment, internal controls, monitoring and reporting.
  • Payments Risk and Fraud Risk experience and/or knowledge of global best practices
  • Under-graduate degree or equivalent experience


Nice-to-have
  • Accredited Payments Risk Professional (APRP)
  • Accredited ACH Professional (AAP)
  • Accredited Faster Payments Professional (AFPP)
  • Certified Fraud Examiner (CFE)
  • Certified Anti-Money Laundering Specialist (CAMS)


What's in it for you?

  • A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
  • Leaders who support your development through coaching and managing opportunities.
  • Ability to make a difference and lasting impact.
  • Work in a dynamic, collaborative, progressive, and high-performing team.
  • Opportunities to do challenging work.
  • Opportunities to build close relationships with clients.


#LI - POST

Job Skills
Business Process Design, Decision Making, Financial Risk Management (FRM), Operational Risks, Risk Control, Risk Management, Teamwork

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-03-03

Application Deadline:

2026-10-31
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

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.

About Royal Bank of Canada

Royal Bank of Canada Careers

Join the dynamic team at Royal Bank of Canada (RBC), a global leader in financial services and a company committed to excellence and innovation. At RBC, we offer a wide range of job opportunities that empower professionals to shape their career paths with leadership, diversity training, and continuous growth.

Work You’ll Do

At Royal Bank of Canada, we are not just hiring; we are building a culture of innovation and leadership. Our team members are at the forefront of the financial industry, driving transformation and delivering targeted solutions that meet the evolving needs of our clients and communities.

Explore Job Opportunities and Employment at RBC

Whether you are starting your career or looking to take it to the next level, RBC offers positions that challenge your skills and fuel your ambition. From entry-level positions to leadership roles, our job opportunities span across various functions and regions. Join us and be part of a team that values professional growth and diversity.

Internship and Professional Development

Kickstart your career with an internship at Royal Bank of Canada. Our internships provide invaluable hands-on experience, networking opportunities, and insights into the financial services industry. Interns at RBC gain the skills necessary to excel and are often considered for full-time positions within the company.

Benefits and Culture

At RBC, we prioritize the well-being and satisfaction of our employees. Our benefits package is designed to support our team members at every stage of their life and career. RBC’s culture is built on a foundation of respect, integrity, and responsibility, fostering an environment where everyone can thrive.

Career Growth and Innovation

We believe in nurturing the potential of our employees through continuous learning and career development programs. At RBC, you will find endless opportunities to grow professionally through on-the-job experiences, formal training programs, and leadership development initiatives. Our commitment to innovation means we are constantly seeking out new ideas and perspectives, making RBC a perfect place for those who aim to lead and innovate.

Diversity and Inclusion

Diversity is our strength. At Royal Bank of Canada, we are committed to building an inclusive workplace where every employee feels valued and respected. Our diversity training programs are designed to educate and inspire, creating a more inclusive and equitable workplace.

Join Our Team

Search open positions that match your skills and interests. We look for passionate, curious, creative, and solution-driven team players. Start your journey with RBC today and be part of a world-class team known for its commitment to client service, community involvement, and innovation.

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Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities awaiting you at RBC. Explore the possibilities with Royal Bank of Canada, where your future is filled with potential and the path to success is paved with countless opportunities for professional and personal growth. Join us and shape not just your career but the future of the financial industry.
Learn more about Royal Bank of Canada
Size
86,007 employees
Market Cap
$130.3 billion
Industry
Finance & Insurance
5 Year Trend
+8.7%
NASDAQ
RY
* Ladders Estimates

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