Job Summary

Job Description

What is the Opportunity?

This position is part of the Chief Controls Office and is responsible for supporting the Third-Party activities, cross functionally, for RBC Bank. The Vendor Risk Manager 1LoD will provide governance and oversight to ensure alignment to the enterprise-wide third-party management program and drive a centralized vendor risk management process. In addition to aligning with enterprise-wide programs, the Vendor Risk Manager 1LoD will also ensure alignment with FFIEC, OCC, and FRB regulatory expectations. This role will also maintain procedural documents and provide reporting for vendor related activities.

What will you do?

Perform third party supplier risk assessments and provide ongoing subject matter expertise to business and functional support leadsPartner and coordinate closely with internal stakeholders areas (i.e., Supplier Management Office, Third Party Risk, Procurement, Business Units) for timely completion of vendor assessments and ongoing monitoring responsibilitiesMaintain complete listing of RBC Bank vendors, engagement, risk tiering and contact informationEnsure active engagements have appropriate contracts in the system of recordResponsible for conducting the ongoing monitoring and management of vendors on a timely manner based on vendor tierSupport Business Units with tracking and/or remediation of identified issues, findings and/or exceptionsPrepare monthly, quarterly, and ad hoc reporting for 1LOD Division leadership and committeesEscalate any delays, significant gaps etc. to management in a timely mannerResponsible for maintaining a centralized repository for all supporting artifacts (i.e., Ongoing Monitoring)Participate in Business Continuity Planning activities as they relate to Third Party engagements including exit plans and internal contingency plansProvide risk awareness training to Business Unit colleagues in support of Third Party Risk Management Policies, Standards and ProceduresManage team of third-party risk professionalsExecute program enhancements for third party suppliers intragroup Intragroup ArrangementsPerform reviews of SOC1/SOC2 reporting for suppliersAnalyze and pay vendor invoices for payment in alignment with agreed costs

What do you need to succeed?

Additional Job Description

7-10 years of experience

Skills & Capabilities include:

Experience in implementing risk management practices in the financial services industry including supplier risk assessmentsStrong understanding of Third Party Risk Management including resiliency of outsourced technology servicesKnowledge of regulatory requirements and leading practices regarding Third Party Risk ManagementExecution of policies and procedures and proficient in risk management methodologiesStrategic mindset and effective collaboration skillsUnderstanding of Banking services and processesExcellent interpersonal skills with a strong customer service focusExperience in identifying and implementing appropriate controls for effective risk mitigationExperience in defining and implementing effective management reportingExperience working in a complex, matrix environment and proactively managing a diverse set of stakeholders.Experience in implementing practical communication strategies to ensure that policies are understood and are adhered to.Experience using third party risk management / Governance, Risk and Compliance (GRC) systems

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, commissions, and stock where applicableLeaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging workOpportunities to build close relationships with clients

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Job Skills

Banking, Bank Risk Management, Communication, Controls Management, Management Reporting, Regulations, Risk Assessments, Risk Culture, Risk Management, RSA Archer, Third Party Management, Vendor Risk Management

Additional Job Details

Address:

8081 ARCO CORPORATE DRIVE:RALEIGH

City:

Raleigh

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

PERSONAL & COMMERCIAL BANKING

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-12-18

Application Deadline:

2025-02-14

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion 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.
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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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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.