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Senior Project Manager - Job Opportunity at Royal Bank of Canada

Toronto, Canada
Full-time
Senior
Posted: July 27, 2025
Hybrid
CAD 110,000 - 140,000 annually based on Toronto market rates for senior project managers in major financial institutions, with additional performance bonuses potentially adding 15-25% to total compensation

Benefits

Comprehensive Total Rewards Program providing competitive financial compensation beyond base salary through performance-based bonuses and equity participation where applicable
Flexible benefits package allowing employees to customize their coverage based on personal needs and life circumstances
Professional development support through dedicated leadership coaching and structured career advancement opportunities
Work-life integration options including flexible scheduling and remote work arrangements to support personal well-being
World-class financial services training program providing continuous learning and industry expertise development
Collaborative high-performance work environment fostering innovation and professional growth
Opportunity to create lasting impact on communities and contribute to meaningful organizational change

Key Responsibilities

Lead strategic credit and market risk initiatives sponsored by Group Risk Management and Capital Markets, directly impacting RBC's risk management capabilities and regulatory compliance
Execute complex application delivery projects supporting RBC's Risk platform, ensuring alignment with enterprise architecture and business objectives
Drive stakeholder engagement and relationship management across multiple business units, facilitating cross-functional collaboration and decision-making
Establish and maintain project governance frameworks, implementing best practices in project delivery methodologies and ensuring adherence to organizational standards
Manage financial aspects of large-scale projects including cost estimation, budget monitoring, and benefits realization tracking through the PAR process
Facilitate Scrum ceremonies and agile practices, coaching teams in servant leadership principles and continuous improvement methodologies
Oversee schedule management using advanced project management tools to optimize resource allocation and ensure timely delivery of critical business outcomes

Requirements

Education

Bachelor's degree in Finance, Accounting, Computer Science or related field

Experience

Track record of successful delivery as both a Project Manager and Scrum Master with intermediate to advanced experience

Required Skills

Knowledge in Credit Risk/Capital Markets/Banking Knowledge of industry reference architecture for ESG initiatives Advanced communication skills including presentation, facilitation, verbal and written Working knowledge of agile methodology, techniques, and frameworks, such as Scrum or Kanban Ability to facilitate all the Scrum events and activities Plan team capacity availability, allocation Help to prepare DoR / DoD Keeping track of the Sprint, dependencies Remove/Escalate impediments that hamper sprint goals Intermediate to advanced coaching/development/servant leadership mindset

Certifications

Certified Scrum Master (CSM) Designation (preferred) Project Management Professional (PMP) Designation (preferred)
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Sauge AI Market Intelligence

Industry Trends

The financial services industry is experiencing unprecedented regulatory scrutiny around risk management, particularly in credit and market risk domains, driving increased demand for senior project managers who can navigate complex compliance requirements while delivering technical solutions. ESG (Environmental, Social, and Governance) initiatives are becoming mandatory rather than optional, requiring specialized knowledge in sustainable finance and risk assessment frameworks. Digital transformation in banking is accelerating the adoption of cloud-based risk platforms and real-time monitoring systems, creating opportunities for project managers who can bridge traditional banking operations with modern technological capabilities. The integration of artificial intelligence and machine learning in risk management is reshaping how financial institutions approach credit assessment and market volatility prediction. Agile methodologies are becoming the standard in financial services project delivery, with organizations seeking professionals who can effectively combine traditional project management rigor with agile flexibility. The emphasis on servant leadership and coaching mindsets reflects the industry's shift toward more collaborative and adaptive organizational structures.

Role Significance

Typically managing cross-functional teams of 8-15 professionals including developers, business analysts, risk specialists, and stakeholders across multiple business units
This is a senior-level position with significant organizational impact, responsible for managing complex, high-visibility projects that directly affect RBC's risk management capabilities and regulatory compliance. The role combines traditional project management authority with modern agile leadership, indicating substantial influence over both technical delivery and team development.

Key Projects

Implementation of next-generation risk management platforms supporting real-time market risk assessment and regulatory reporting ESG integration projects aligning RBC's lending and investment practices with sustainable finance regulations and industry standards Digital transformation initiatives modernizing legacy risk systems and implementing cloud-based analytics capabilities Regulatory compliance projects ensuring adherence to Basel III, IFRS 9, and other evolving financial regulations

Success Factors

Deep understanding of banking operations and risk management principles, enabling effective communication with both technical teams and business stakeholders while ensuring solutions meet regulatory requirements and business objectives Advanced agile coaching capabilities combined with traditional project management discipline, allowing for adaptive delivery approaches while maintaining strict governance and risk controls required in financial services Strong stakeholder management skills across diverse audiences including senior executives, regulators, technology teams, and external vendors, facilitating complex decision-making processes and change management initiatives Financial acumen and experience with project financial management, enabling accurate cost estimation, budget control, and benefits realization tracking critical for large-scale enterprise initiatives

Market Demand

High demand driven by regulatory requirements, digital transformation initiatives, and the critical nature of risk management in post-pandemic banking operations

Important Skills

Critical Skills

Credit Risk and Capital Markets knowledge is absolutely essential as this role directly supports risk management initiatives that affect RBC's regulatory compliance and financial stability. Without this domain expertise, the project manager cannot effectively communicate with stakeholders or make informed decisions about technical implementations Advanced Agile methodology expertise combined with servant leadership capabilities is crucial because financial services organizations are rapidly adopting agile practices while maintaining strict governance requirements. The ability to coach teams and facilitate complex stakeholder interactions determines project success ESG initiative knowledge represents a rapidly evolving compliance requirement that will significantly impact banking operations over the next decade. Understanding sustainable finance principles and regulatory frameworks is becoming mandatory for senior roles in risk management

Beneficial Skills

Advanced technical background in software development and web technologies would provide significant advantages in communicating with development teams and understanding the architectural implications of risk platform implementations Experience with RBC-specific tools and frameworks (Planview, MS Project, Jira, Leankit, Confluence) would accelerate onboarding and improve effectiveness in the highly integrated technology environment Additional certifications in risk management (FRM, PRM) or business analysis would complement the project management focus and provide deeper credibility with risk management stakeholders

Unique Aspects

Dual role combining traditional project management with Scrum Master responsibilities, providing comprehensive experience in both waterfall and agile methodologies within a highly regulated environment
Direct involvement in ESG initiatives during a period of significant regulatory and market evolution, offering exposure to cutting-edge sustainable finance practices and stakeholder capitalism principles
Opportunity to work on enterprise-scale risk management platforms that directly impact RBC's ability to assess and mitigate financial risks across global operations
Integration with Group Risk Management and Capital Markets provides exposure to sophisticated financial instruments and regulatory frameworks at the highest levels of the organization

Career Growth

Progression to director-level roles typically occurs within 3-5 years with demonstrated success in large-scale project delivery and team leadership

Potential Next Roles

Program Manager overseeing multiple strategic initiatives across enterprise risk management Director of Project Management Office (PMO) leading organizational project governance and methodology development Senior Manager in Risk Management focusing on strategic risk initiatives and regulatory compliance Digital Transformation Lead specializing in financial services modernization and platform implementation

Company Overview

Royal Bank of Canada

Royal Bank of Canada (RBC) is one of Canada's largest and most established financial institutions, operating as a global banking and financial services company with significant presence in personal and commercial banking, wealth management, insurance, and capital markets. The organization maintains a strong focus on digital innovation while preserving its reputation for conservative risk management and regulatory compliance.

RBC consistently ranks among the top 5 banks globally by market capitalization and maintains the strongest market position in Canada, with significant operations in the United States and emerging markets. The bank's focus on technology modernization and risk management innovation positions it as a leader in financial services digital transformation.
This Toronto-based role places the candidate at the heart of Canada's financial district, with direct access to RBC's executive leadership, regulatory bodies, and the broader Canadian financial services ecosystem. The location provides significant networking opportunities and exposure to national financial policy development.
RBC maintains a performance-driven culture with strong emphasis on collaboration, professional development, and work-life balance. The organization's commitment to diversity and inclusion, combined with its substantial investment in employee development programs, creates an environment conducive to long-term career growth and professional satisfaction.
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