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Director - Business Control Officer – 1LoD - Loan Operations

Job Summary

Job Description

What is the opportunity?

The Director - Business Control Officer 1LoD – Loan Operations will serve as the senior-most advisor and partner to loan operations on risk and control related activities and topics.  The role has a dual reporting relationship receiving day-to-direction from deposit operations leadership as well as being aligned to the Chief Controls Officer who is responsible for objective setting and strategic priorities.  This role supports identification of issues and helps to design and implement solutions providing insights based on industry practices and regulatory expectations.  This individual should offer challenge capability at the leadership table as a constructive and balanced partner to support alignment of business objectives with company risk appetite and applicable established risk limits.

What will you do?

  • Effectively advise, help and support loan operations management with an informed and valuable risk and control perspective
  • Work collaboratively with 2nd and 3rd line colleagues across disciplines in support of a strong control environment and an effective risk management practice
  • Support the consistent and effective execution of key risk program activities including but not limited to Risk and Control Self Assessments (RCSA’s), Key Risk Indicators (KRI’s), Issue Management and Operational Losses, and other risk assessments to identify and quantify the risks and their associated controls
  • Support the development of strong risk culture, risk conduct, and risk literacy in the first line
  • Provide direction to control teams in support of organizational risk management priorities
  • Act as a liaison between loan operations management and 1LoD risk shared services
  • Support and facilitate audit and exam activities
  • Develop expertise in relevant Royal Bank of Canada (parent) and RBC Bank’s policies and procedures and from time to time, assist in their enhancement
  • Support and facilitate first line colleagues in the identification, design and enhancement of preventive and detective controls

What do you need to succeed?

Must-have

  • Minimum 8 years of experience in first- or second-line risk and control functions
  • Deep understanding of relevant laws rules and regulations related to loan operations
  • Track record of successfully overseeing complex large-scale transformation programs ideally including regulatory remediation programs at mid-sized or large institutions
  • Previous experience working in Commercial Banking environment providing advisory services on different domains such as lending operations and processes, lending regulatory compliance, credit cards management, etc. as well as residential real estate banking
  • Project management or change initiative leadership experience
  • Demonstrated ability to interact effectively internally and externally at executive management levels
  • Ability to clearly articulate risk management concepts to non-risk professionals
  • Bachelors’ degree, or equivalent combination of education and experience

Nice-to-have

  • Risk management professional certifications
  • Experience with Cross Border Banking

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 competitive compensation, bonuses, and flexible benefits
  • Continued opportunities for career advancement
  • World-class sales training, coaching, and development opportunities
  • Support from a dynamic, collaborative, progressive, and high performing team, as well as world-class tools and training
  • Opportunity to achieve great success and grow your career with RBC

#LI-POST

#LI-Hybrid

Job Skills

Business Analytics, Decision Making, Financial Risk Management (FRM), Operational Delivery, Quality Management, Results-Oriented, Risk Management, Strategic Thinking

Additional Job Details

Address:

8081 ARCO CORPORATE DRIVE:RALEIGH

City:

Raleigh

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

PERSONAL & COMMERCIAL BANKING

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-03-28

Application Deadline:

2025-04-21

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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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

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Average salary estimate

$145000 / YEARLY (est.)
min
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$130000K
$160000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Director - Business Control Officer – 1LoD - Loan Operations, RBC

Looking for a dynamic leadership role in the financial services industry? The Royal Bank of Canada (RBC) is on the hunt for a Director - Business Control Officer – 1LoD - Loan Operations to join our Raleigh, North Carolina team! In this pivotal role, you will act as the go-to advisor for loan operations on all things related to risk and control. You’ll work directly with senior leadership to shape strategic priorities and ensure alignment with our company's risk appetite. Your expertise in first- and second-line risk functions will be instrumental as you help maintain a strong control environment and foster a risk culture across the organization. By collaborating with teams in various disciplines, you'll support key risk programs and ensure compliance with regulatory expectations. This role isn’t just about oversight; it’s about creating impactful change through strong leadership. You’ll help design robust risk management processes and act as the bridge between loan operations management and risk shared services. If you have at least eight years of relevant experience, a clear understanding of loan operations regulations, and the ability to articulate complex concepts to diverse audiences, we want to hear from you! RBC offers a competitive Total Rewards Program, career advancement opportunities, comprehensive training, and a supportive team environment. Let's work together to help our clients thrive and make a meaningful difference in our communities.

Frequently Asked Questions (FAQs) for Director - Business Control Officer – 1LoD - Loan Operations Role at RBC
What responsibilities does a Director - Business Control Officer at RBC have?

As a Director - Business Control Officer – 1LoD – Loan Operations at RBC, you will be responsible for advising loan operations management on risk and control matters, supporting risk assessments, and ensuring compliance with industry regulations. Your role will help strengthen the control environment and align business objectives with the company’s risk appetite.

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What qualifications are needed to become a Director - Business Control Officer at RBC?

To qualify for the Director - Business Control Officer – 1LoD – Loan Operations position at RBC, candidates should have a minimum of eight years of experience in risk and control functions, a deep understanding of relevant regulations, and experience in commercial banking. A bachelor's degree is required, and risk management certifications are a plus.

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How does the Director - Business Control Officer contribute to risk management at RBC?

The Director - Business Control Officer – 1LoD – Loan Operations plays a crucial role in risk management at RBC by supporting the execution of Risk and Control Self Assessments, advising on risk and control frameworks, and leading efforts to enhance preventive and detective controls. This position bridges loan operations and risk management to foster a robust risk culture.

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What is the work environment like for a Director - Business Control Officer at RBC?

At RBC, the work environment for a Director - Business Control Officer – 1LoD – Loan Operations is collaborative and supportive. You will work with a high-performing team dedicated to excellence, innovation, and professional growth, all while contributing to a positive risk culture in the organization.

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What opportunities for advancement exist for the Director - Business Control Officer at RBC?

The Director - Business Control Officer – 1LoD – Loan Operations position at RBC offers numerous opportunities for career advancement. With ongoing training, mentorship, and the chance to influence strategic priorities, you can grow your career in a dynamic financial institution committed to its employees' success.

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Common Interview Questions for Director - Business Control Officer – 1LoD - Loan Operations
Can you describe your experience with risk and control functions in loan operations?

When answering this question, discuss your specific experiences, including how you've implemented risk management strategies or participated in audits. Highlight key projects that demonstrate your ability to navigate complex regulatory environments.

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How do you prioritize risks in a loan operations framework?

It's essential to explain your method for assessing and prioritizing risks, emphasizing the use of key risk indicators and risk assessments. Discuss how you align business objectives with the risk appetite of the organization.

Join Rise to see the full answer
Describe a time you successfully managed a major transformation program.

Use this question to outline a specific project, detailing your role, the challenges faced, and how you overcame them. Emphasize the impact your leadership had on the project's success.

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How do you ensure compliance with loan operations regulations?

Highlight your experience in monitoring compliance and your understanding of relevant laws. Discuss tools or processes you've used to manage regulatory compliance effectively.

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What strategies do you employ to foster a strong risk culture within an organization?

This is your chance to discuss how you've encouraged open communication about risk management and promoted training programs. Mention any initiatives you've led to enhance risk literacy among employees.

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How do you collaborate with cross-functional teams in risk management?

Talk about your experience working with various departments and how you’ve facilitated effective communication and collaboration to enhance the control environment and manage risk comprehensively.

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Can you give an example of how you managed a significant operational loss?

Provide details about a specific instance, what actions you took to address the situation, and the outcomes. This shows your proactive approach to risk management and problem-solving skills.

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What do you think are the key traits of an effective Business Control Officer?

Mention traits such as analytical thinking, strong communication skills, adaptability, and the ability to build relationships. Discuss how these traits have helped you excel in similar roles.

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How would you assess the effectiveness of existing controls in loan operations?

Discuss monitoring tools and assessment strategies you’d use to evaluate the effectiveness of controls, emphasizing your analytical skills and ability to recommend improvements based on identified gaps.

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Why do you want to work for RBC in the Director - Business Control Officer role?

This question allows you to express your enthusiasm for RBC’s values and culture. Discuss how your career goals align with RBC's mission to enhance client well-being and the unique opportunities this position offers.

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