Associate Director, Third Party Risk

Job Summary

Job Description

What is the opportunity?

The GRM Third Party Risk (TPR) team is accountable for RBC’s enterprise-wide Third Party Risk management (TPRM) strategy and framework, enabling RBC to identify, measure, monitor, and mitigate the risks associated with third parties.

TPR works with Senior Management across RBC’s business platforms and functions, providing oversight and challenge to ensure effective implementation of TPRM practices in compliance with regulatory and policy requirements.

TPR also provides strategic advice, education, and key practices across RBC. TPR is also accountable to provide insight on RBC’s overall third-party risk profile.

The Associate Director, Third Party Risk, Advisory & Oversight - Wholesale Businesses & Function provides third-party risk oversight and challenge, focusing on our wholesale business segments (Capital Markets), and a number of Functions (HR, GRM, Finance).

In addition, the Associate Director is responsible for supporting the design, maintenance, and evolution of a number of key third-party risk controls.

The Associate Director will work in close partnership across broader Third Party Risk teams to provide full 2LOD TPRM coverage across the enterprise.

What will you do?

Provide third-party risk oversight and challenge over RBC’s wholesale businesses and key functions

• Leverage data-driven insight and provide oversight and challenge on key risk indicators
• Execute scenario-driven and thematic reviews to assess effectiveness of controls across the end-to-end third-party lifecycle
• Review third-party risk related outputs (e.g. pre-contract challenge of engagement risk assessments), risk issues, acceptances and action plans to ensure 1LOD is operating within stated Risk Appetite
• Monitor various types of NSTPs that RBC engages and identify gaps in process, risk assessment, due diligence, ownership, etc.
• Conduct third-party risk event reviews related to areas of support (wholesale businesses and key functions)
• Support third-party related regulatory examinations related to wholesale businesses and functions
• Leverage internal and external information sources on current and emerging threats to focus 1LOD attention on emerging risk themes and issues'

Support the design, implementation, and evolution of TPR controls and practices

• Contribute to and execute on the vision, strategy and operating model for TPRM, including supporting integration of operational resilience into TPR practices
• Support the design, implementation, and evolution of controls across the third-party lifecycle.
• Support the continued evolution of RBC’s Non-Supplier Third-Party risk management standard and practices and integration into existing monitoring, reporting, etc
• Support implementation of key ORM initiatives (e.g. : Internal Control Management Policy; Operational Resiliency; NextGen)
• Drive the development, implementation and execution of high-level business requirements
• Identify points of technology integration and opportunities for process and workflow enhancements to drive effective TPRM strategic priorities
• Implement recommendations to achieve target state design to address identified gaps
• Participate in various TPRM focused forums, working groups, committees, and industry events

What do I need to succeed?

• 7-10 years of experience in progressively responsible roles in third party risk and financial services industry or highly regulated industry.
• Relevant University degree

Nice-to-Have

• Strategic mindset and capability in problem solving, simplification, efficiency
• Demonstrated project management and organizational skills
• Story-teller can translate data and information into insights and advice

What's in it for you?

• A Total Rewards program that includes flexible benefits, work / life balance and career development programs and investment and retirement savings plans
• Competitive pay and high-earning potential
• All the tools, training, and team support you need to grow your business and career
• Flexible work / life balance options
• Sophisticated RBCI software tools to boost your productivity and grow your business

Job Skills

Business Process Design, Decision Making, Financial Risk Management (FRM), Operational Risks, Risk Control, Risk Management, Teamwork

Additional Job Details

Address :

20 KING ST W : TORONTO

City : TORONTO

TORONTO

Country : Canada

Canada

Work hours / week : 37.5

37.5

Employment Type : Full time

Full time

Platform :

GROUP RISK MANAGEMENT

Job Type : Regular

Regular

Pay Type : Salaried

Salaried

Posted Date : 2024-06-12

2024-06-12

Application Deadline :

2024-06-25

I nclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work.

We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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