Analyst, Pensions
1 month ago
Job Summary
Job Description
What is the Opportunity?
The Analyst, Pensions & Benefits will support the management, design, and governance oversight of RBC's international pensions, savings, and benefits programs in the British Isles, Europe, and Asia-Pacific. The Analyst will partner with several stakeholders to support the operation of programs, ensuring legislative compliance as well as managing the policies and processes of these programs for affordability and long-term financial sustainability. In addition, the role will support the financial management, reporting and analytics, vendor management, and communication of various programs.
Please note this is a 12-month contract opportunity with the potential to become permanent.
What will you do?
- Support the implementation, execution and monitoring of approved strategy and program changes, ensuring compliance with legislation and partnering with relevant stakeholders
- Utilize data to develop models/reports that allow a greater understanding of the costs, benefits, risks and opportunities inherent in RBCâs international pension, savings and benefit programs.
- Help manage the governance process for RBCâs international pensions & benefits programs, including preparation of material for reporting to pension committees, preparation of recommendations for contract renewals, support plan redesigns and program reviews
- Analyze the financial impact of proposed program / plan changes
- Support in developing and maintaining metrics, analytics and reporting data (i.e. spend, contract data, etc.) for programs under management
- Partner with various groups for resolutions of employee issues and escalations
- Assist with communications to employees to enhance understanding of the retirement and savings programs
- Support managers in ensuring that the administration, documentation and member communication comply with legislative and regulatory requirements, and the RBC Enterprise Supplier Risk Management Policy
- Assist with administration and operations of RBCâs international pensions, savings & benefits programs
- Support various Managers with relationships with third-party vendors, including vendor onboarding/reviews (including RFP/RFI process) and invoice processing
- Assist with the execution of contract renewals
- Participate in initiatives related to Supplier Risk Management (i.e. SRMA, Supplier Registration, SLA reviews)
- Assist with maintenance and update of Global Mobility matrix including requests from Global Mobility COE and Global Mobility Services
What do you need to succeed?
Must-have:
- University degree in Actuarial Science, Statistics, Business Analysis, Commerce, or equivalent
- 3 to 5 years of pensions & benefits experience in a similar role with a large complex organization, in professional centre environment, or consulting background
- Strong analytical skills, financial acumen, attention to detail, proficiency in Microsoft Office programs, including Excel
- Strong ability to effectively manage competing demands and priorities
- Excellent oral and written communications skills and ability to distill complex information
Nice-to-haves:
- Prior knowledge of international pension and benefit regulatory requirements is not required but considered an asset.
- Experience participating in projects with solution focused outcomes
- A team player and strong self-starter and self-learner
Whatâs 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. Whether itâs developing new skills, opportunities to innovate and grow, modern and comprehensive benefits, or the flexibility to enjoy the moments that matter, at RBC you have everything you need at your fingertips to build your career and life and make it yours.
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to take on progressively greater scopes of work
Job Skills
Benefit Programs, Critical Thinking, Group Problem Solving, Human Resources Policies, Interpersonal Relationship Management, Process Management, Program Management, Risk Analysis, Vendor ManagementAdditional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity:
TORONTOCountry:
CanadaWork hours/week:
37.5Employment Type:
Full timePlatform:
HUMAN RESOURCESJob Type:
RegularPay Type:
SalariedPosted Date:
2023-12-06Application Deadline:
2024-04-15Inclusion 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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