Overview

WHAT IS THE OPPORTUNITY? Reporting directly to the CNB Chief Auditor, the Deputy Chief Audit Executive, for CNB will assist in the oversight of a comprehensive program of internal audit activities and provide independent and objective evaluation of the adequacy and effectiveness of risk management practices, internal control and corporate governance processes for CNB. This role will support the CNB Chief Auditor, CNB Audit Committee and Chair with effective planning, reporting and issue remediation and also support the RBC US Intermediate Holding Company (IHC) on control matters of importance relating to CNB. They will provide independent and objective evaluation of the adequacy and effectiveness of internal controls, risk management practices, corporate governance processes, and fraud prevention and detection for the platform. In addition, the Deputy Chief Auditor will be accountable for ensuring continuous improvement focused on audit practices and deployment of digital tools as applicable. The Deputy Chief Audit Executive has the responsibility for developing the risk ratings for the banking and operations auditable entities and developing a detailed audit and execution plan for the portfolio. This leader will promote effective internal control awareness in the respective business lines through positive and collaborative relations with business executives, regular reporting on the business control environment, and structured interactions with key business leaders and President of the banking platform to discuss critical audit outputs, risks assessment, status of issue remediation, provide and solicit feedback. As it relates to the CNB Credit Risk Review (CRR) team, works with the Head of CNB CRR to provide the CNB Risk Committee with an objective and timely assessment of the overall quality and trends within the CNB credit portfolio; monitors compliance with applicable US laws and regulations; assesses the adequacy of internal credit risk policies and procedures. WHAT WILL YOU DO? Provides independent assurance to key stakeholders on the effectiveness and adequacy of risk management practices, governance processes and the system of internal controls across CNB through core assurance work and continuous risk monitoring. Develops and maintains a dynamic and flexible internal audit function that considers the changing environment and emerging risks. Implements adequate audit coverage of activities, allowing the issuance of overall opinions on risk management practices, governance processes, and the system of internal controls to CNB senior management and to the CNB Audit Committee for their review and discussion. Leads/manages a team of internal audit professionals for selected CNB audit teams (to be determined as appropriate based on candidate experience). Accountable to ensure there are sufficient resources with appropriate level of subject matter expertise to develop and execute annual audit plan. Manages large, highly complex or strategic projects (thematic audits) that impact CNB and RBC USA as required. Ensure the Global Internal Audit Standards' principles of Ethics and Professionalism are embedded in the Internal Audit culture and function. Ensure the internal audit function remains objective and free of all conditions that threaten that objectivity. Support the CNB CAE in managing the Internal Audit Function by: Ensuring that audit standards satisfy industry and best practices for efficient and effective audits. Using a risk-based audit approach in determining the nature, extent and frequency of audit engagements included in the CNB audit plan. Ensuring the audit plan utilizes a risk-based cycle approach aligned with the RBC/CNB Risk Pyramid, CNB and RBC (as applicable) Coverage Strategies and is adjusted as required to address changes in CNB activities/risk profile, emerging risks, external environment changes or to conduct special reviews of significant events based on risk and financial importance as well as consid