Senior Third Party Risk Specialist

4 weeks ago


Toronto, Ontario, Canada Royal Bank of Canada Full time
Job Summary

This role is responsible for ensuring due diligence and monitoring activities are completed by Business Units (BUs) for assigned Third Party Service engagements. The Senior Third Party Risk Specialist will guide Engagement Owners (EOs) within the BUs on the completion of risk assessments, support EOs in the completion of oversight activities, and validate monitoring activities.

About the Role

The Senior Third Party Risk Specialist will build key relationships with stakeholders, including Supplier Managers and Centres of Governance (CoGs), to identify and mitigate Third Party Risk issues. This role will also act as a resource to understand Third Party Risk Policy and applicable Standard requirements at the First Line of Defense.

Key Responsibilities
  • Ensure Business Units adhere to the Enterprise Third Party Risk Policy and applicable Standards through guidance on completion of Third Party Risk engagement assessments for certain assigned engagements using Archer - SRMA.
  • Ensure monitoring activities are performed properly by EOs / Supplier Managers through ongoing supplier management routines, including Performance Management Questionnaire reviews.
  • Act as a subject matter expert and provide guidance to stakeholders on the completion of engagement risk assessments and documentation within Archer – SRMA, best practices, and on the requirements of the Enterprise Third Party Risk Policy and applicable Standards.
Requirements
  • 2+ years of experience in Quality Assurance or other analytical role, preferably within Third Party Risk, Supplier Management or equivalent areas.
  • Good organizational skills with the ability to handle multiple concurrent activities and to work successfully under pressure.
  • Proven collaboration skills and able to build relationship with internal partners.
  • Strong knowledge of RBC's Enterprise Third Party Risk Management Policies and Standards.
  • Ability to identify and utilize internal and external networks to influence situations and establish effective relationships.
Salary

$85,000 - $110,000 per annum, depending on experience.

Benefits

We offer a comprehensive benefits package, including health and dental insurance, retirement savings plan, and paid time off.

About Us

Royal Bank of Canada (RBC) is a leading financial institution with a strong commitment to diversity and inclusion. We strive to create an inclusive workplace where our employees can bring their true selves to work.



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