Verified Job
Accounting - Finance
Senior Manager, Internal Audit - Wholesale Credit
Accounting - Finance
#601556
Remote / WFH
Job Description
Job details
Job type
Full-time
Location
Toronto, ON M+W 0A4
Full job description
Job Summary
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.
Job Description
What is your opportunity?
As Senior Manager, Internal Audit, you are a curious, dynamic, adaptable, solution-oriented leader who will lead audit projects and assess the effectiveness of internal controls for Wholesale Credit in Capital Markets and Group Risk Management platforms. You will gain exposure to RBC products, services, businesses, platforms to become a subject matter expert.
You will enhance leadership and soft skills through active engagement with audit clients, including executive management and advance your business network within the business and functional platforms. You will also have 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
In addition to Wholesale Credit, you will gain valuable exposure to a broad spectrum of credit risk disciplines, including Retail Credit Risk, Wealth Management Credit Risk, Credit Risk Review, and Commercial Credit Risk, offering a unique opportunity to deepen expertise and broaden career horizons across the credit risk landscape
What will you do?
Lead all aspects of an audit including Planning, Execution and Reporting:
Lead end to end audit engagements with a focus on wholesale credit portfolio. Recommend 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.
While not a people manager, lead a team of professional auditors assigned to the engagement and review audit work for sufficient scope, accuracy and alignment with Internal Audit methodology.
Build and maintain effective working relationships with stakeholders in Corporate Banking and Group Risk Management. Support management in developing robust action plans to address deficiencies, and ensure corrective actions are implemented in a timely manner to effectively address the issues.
Contribute to the annual audit planning and ongoing risk assessment by identifying emerging risks in the wholesale credit landscape (e.g. concentration risk, credit deterioration, regulatory gaps). Identify opportunities for Internal Audit to provide assurance or advisory services consistent with its role to evaluate and improve risk management, control, and governance processes.
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 a combination of educational and / or professional work experience.
Strong interpersonal, communications and presentation skills with an ability to interact effectively with senior management, executives, matrixed leadership experience and the ability to effectively manage and build relationships across RBC.
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 wholesale credit products and services.
Strong project management skills, able to influence staff and meet deadlines on time without compromising quality, excellent analytical, problem solving, time management and organizational skills.
Nice to have
Post-graduate degree and/or Professional designation (e.g. MBA, CPA, CA, CFA, CIA, CISA, FRM, CFE) or similar finance, risk or accounting designation.
Former knowledge and/or experience within Corporate Banking or Group Risk Management, Credit Risk.
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
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:
2026-06-27
Application Deadline:
2026-07-12
Note: Applications will be accepted until 11:5+ 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.
You must create an Indeed account before continuing to the company website to apply
Job type
Full-time
Location
Toronto, ON M+W 0A4
Full job description
Job Summary
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.
Job Description
What is your opportunity?
As Senior Manager, Internal Audit, you are a curious, dynamic, adaptable, solution-oriented leader who will lead audit projects and assess the effectiveness of internal controls for Wholesale Credit in Capital Markets and Group Risk Management platforms. You will gain exposure to RBC products, services, businesses, platforms to become a subject matter expert.
You will enhance leadership and soft skills through active engagement with audit clients, including executive management and advance your business network within the business and functional platforms. You will also have 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
In addition to Wholesale Credit, you will gain valuable exposure to a broad spectrum of credit risk disciplines, including Retail Credit Risk, Wealth Management Credit Risk, Credit Risk Review, and Commercial Credit Risk, offering a unique opportunity to deepen expertise and broaden career horizons across the credit risk landscape
What will you do?
Lead all aspects of an audit including Planning, Execution and Reporting:
Lead end to end audit engagements with a focus on wholesale credit portfolio. Recommend 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.
While not a people manager, lead a team of professional auditors assigned to the engagement and review audit work for sufficient scope, accuracy and alignment with Internal Audit methodology.
Build and maintain effective working relationships with stakeholders in Corporate Banking and Group Risk Management. Support management in developing robust action plans to address deficiencies, and ensure corrective actions are implemented in a timely manner to effectively address the issues.
Contribute to the annual audit planning and ongoing risk assessment by identifying emerging risks in the wholesale credit landscape (e.g. concentration risk, credit deterioration, regulatory gaps). Identify opportunities for Internal Audit to provide assurance or advisory services consistent with its role to evaluate and improve risk management, control, and governance processes.
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 a combination of educational and / or professional work experience.
Strong interpersonal, communications and presentation skills with an ability to interact effectively with senior management, executives, matrixed leadership experience and the ability to effectively manage and build relationships across RBC.
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 wholesale credit products and services.
Strong project management skills, able to influence staff and meet deadlines on time without compromising quality, excellent analytical, problem solving, time management and organizational skills.
Nice to have
Post-graduate degree and/or Professional designation (e.g. MBA, CPA, CA, CFA, CIA, CISA, FRM, CFE) or similar finance, risk or accounting designation.
Former knowledge and/or experience within Corporate Banking or Group Risk Management, Credit Risk.
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
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:
2026-06-27
Application Deadline:
2026-07-12
Note: Applications will be accepted until 11:5+ 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.
You must create an Indeed account before continuing to the company website to apply
