Senior Manager, Third Party Risk Consultant (6 Months Contract)

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 Senior Manager, Third Party Risk will support the Director in the development and implementation of RBC’s Enterprise Third Party Risk Management policy documentation, ensuring it enables RBC’s third-party risk appetite, drives strong risk management practices, and aligns with the regulations that govern TPR across all jurisdictions in which RBC operates.

This is a 6 months contract with possibility of extension.

What will you do? 

• Deliver on the TPRM vision and execute TPR oversight and challenge through a team of professionals.
• Foster strong stakeholder relationships to enable active and collaborative working relationships.
• Drive a culture of integrity and behaviors that align to RBC’s Code of Conduct and professional standards.
• Work collaboratively across teams, enabling an engaged workforce who are effective, knowledgeable and adaptable.
• Cultivate an environment of continuous personal growth.
• Develop, update and maintain TPR policy documentation(including with respect to contract governance) that reflects industry standards and internal best practices in consultation with key stakeholders, including Supplier Management Offices (SMOs), business executives, internal audit, and Centres of Governances (COGs).
• Work with Director to ensure that Enterprise policy documentation is aligned with regulatory requirements.
• Lead approach for the implementation of standards, guidelines and regional policy addendums to support the Enterprise Third Party Risk Management policy. 
• Update and maintain the Supplier Code of Conduct and ensure alignment with senior management expectations (including RBC’s Environmental-Social-Governance (ESG) priorities).
• Provide recommendations and feedback on other 2nd Line of Defense (2LOD) teams’ frameworks, policies and standards as related to third party risk.
• Provide support to and collaborate with 1st Line of Defense (1LOD) and 2LOD teams, Procurement, and Law Group on requirements for third-party and intra-group contract templates.
• Review and recommend solutions on the execution and operationalization of regulatory requirements.
• Advise Supplier Management teams, Procurement, Law and various Centres of Governance on enterprise TPR framework, policy, standards, procedures, and guidelines.
• Participate in/lead Enterprise Resiliency Risk (ERR) led projects to improve efficiency and effectiveness in TPR (and broader ERR) risk management processes.
• Work with monitoring team to identify strategic approach for addressing common errors and gaps in 1LOD TPR acumen identified through oversight/challenge/review or other monitoring activities.

What do you need to succeed?

Must Have

• 7+ years of experience in progressively responsible roles in the financial services industry with direct exposure to operational risk management, the third-party risk management lifecycle, enterprise-wide mandates
• Established acumen in Governance-Risk-Compliance (GRC) through 1LOD or 2LOD roles
• Advanced quantitative, analytical and problem-solving skills
• Strong understanding of the third-party risk governance framework and practices
• Good knowledge of global TPR regulatory requirements/best practices
• Experience managing mid and large size projects and initiatives
• Strong leadership and people management skills
• Experience working in a matrixed environment, and coordination of work across a large number of stakeholders
• Understanding of policy writing requirements and methodology

Nice to Have  

• MBA, Six Sigma certification, Risk Management certification
• Skilled in building a network, working in teams, and maintaining key relationships
• Demonstrated project management and organizational skills; experience working post acquisition integration
• Story-teller – can translate data and information into insights and advice; excellent presentation skills
• Demonstrated analytical and critical thin