Job Description What is the opportunity? Internal Audit (IA), also known as the Chief Audit Executive Group (CAE), 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. The Senior Manager plays a critical role in providing independent and objective evaluations of credit risk management practices for the Corporate, Commercial and Wealth Management credit portfolios. Key stakeholders include the 1st and 2nd line of defense bankers and senior leadership. This role will enhance leadership skills through active engagement with audit clients, including executive management and advance your business network within the business and functional platforms. This is an opportunity to build strategic partnerships while developing critical thinking skills and providing insights to our audit clients on the management of risk in their operating environment. What will you do? • Lead and / or participate in end-to-end credit-focused audit engagements. Recommend a risk-based audit scope to ensure adequate coverage of key credit risk areas including governance and oversight, origination & underwriting, risk ratings, adjudication, monitoring and reporting. • Develop and execute audit programs and procedures to assess design and operating effectiveness of controls implemented to mitigate credit risk, regulatory risk and operational risk. • Develop and draft issues and recommendations relating to control gaps identified, as well as overall audit conclusions based on control strengths and weaknesses. • Provide an overall opinion on internal controls and risk management practices to Senior Management • Plan and execute industry / portfolio-based reviews consisting of credit risk file reviews of the Wholesale and Commercial portfolios. • Contribute to annual audit planning and ongoing risk assessment by identifying emerging risks in the wholesale credit landscape (e.g. concentration risk, credit deterioration, regulatory gaps). • As a strategic thinker, develop new assurance strategies and data-driven approaches to produce risk and control insights for business partners, and increase Internal Audit’s efficiency and effectiveness. • Monitor regulatory developments and ensure audit coverage is aligned with expectations and industry best practices. What do you need to succeed? Must-have • Minimum 5-7 years’ relevant industry experience in a financial institution. • Strong foundation in credit risk management gained through educational and professional work experience. • Strong interpersonal, communication and presentation skills with an ability to interact effectively and build relationships with senior management and executives. • Prior experience in underwriting or adjudicating Commercial and Corporate Credit. • Deep understanding of risk and control concepts, with ability to evaluate materiality and significance of deviations, as well as strength of management practices. • Good understanding of business processes and associated risk and control concepts for credit products and services. • Strong project management skills, able to influence staff and meet deadlines on time without compromising quality. Nice to have: • Post-graduate degree and/or Professional designation (e.g. MBA, CPA, CA, CFA, CIA, FRM) or similar finance, risk or accounting designation. • Knowledge of credit risk regulations across multiple regions, including Canada, United States, Europe, United Kingdom, and the Asia–Pacific. 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 Additional Job Details Address: 20 KING ST W:TORONTO City: Toronto Country: Canada Work hours/week: 37.5 Employment Type: Full time Platform: INTERNAL AUDIT Job Type: Regular Pay Type: Salaried Posted Date: 2025-10-08 Application Deadline: 2025-11-08 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. Join our Talent Community Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. 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. 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 84,000+ employees who 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 more than 16 million clients in Canada, the U.S. and 34 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 rbc.com/community-social-impact.
