Job Description
What is the Opportunity?The Senior Manager, U.S. Benefits is a strategic leader responsible for the strategy, design, and transformation of our U.S. health and welfare benefit programs. This role will also serve as the project manager for harmonizing benefits across RBC and City National Bank (CNB). The position reports to the Director, U.S. Benefits.What will you do?Strategy and Plan Design:Lead end-to-end benefit harmonization redesign initiatives and the evolution of U.S. benefits strategy across RBC and CNB.
Design and optimize health and welfare programs aligned with RBC’s Blueprint, market competitiveness and financial sustainability.
Conduct benchmarking, financial analysis and medical trend assessment to inform plan design recommendations.
Develop forward-looking recommendations to enhance program effectiveness, affordability and employee experience.
Serve as the project manager for cross-entity harmonization of benefits programs.
Establish project structures, timelines, milestones, and governance frameworks.
Drive cross-functional collaboration with Procurement, Finance, Legal, Talent Services, and external partners.
Ensure alignment with U.S. regulatory requirements and internal risk and governance framework.
Develop a vendor strategy across U.S. benefit programs including consolidation opportunities between RBC and CNB.
Lead RFP processes, vendor evaluations, and contract negotiation in partnership with Procurement.
Manage strategic relationships with consultants and vendors to ensure alignment with RBC’s guiding principles.
Identify opportunities to optimize vendor performance, program efficiency and employee experience.
Provide oversight and guidance on U.S. regulatory requirement (e.g. ACA, MHPAEA, ERISA) related to plan design and program changes.
Lead responses to regulatory changes and litigation risks, ensuring proactive adherence to RBC’s risk and governance framework.
A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
Leaders who support your development through coaching and managing opportunities.
Ability to make a difference and lasting impact.
Work in a dynamic, collaborative, progressive, and high-performing team.
A world-class training program in financial services.
Opportunities to do challenging work.
Address:
MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGACity:
MississaugaCountry:
CanadaWork hours/week:
37.5Employment Type:
Full timePlatform:
HUMAN RESOURCES & BMCCJob Type:
RegularPay Type:
SalariedPosted Date:
2026-05-07Application Deadline:
2026-05-22Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveOur Employment OpportunitiesAt RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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
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Senior Manager, U.S. Benefits • MISSISSAUGA, Ontario, Canada
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