Senior Manager, Risk and Governance

Job Description

What is the Opportunity?

RBC offers an exciting role as a Senior Manager, Risk and Governance. In this position, you will provide support and oversight to the global Pension and Benefits teams in ensuring the effective management of pension and benefits risk and compliance across RBC's global pension and benefit programs.

What will you do?

Supplier Risk Management:

• Collaborate with regional teams to conduct thorough Supplier Risk Management Applications (SRMAs) and Processing Activity Risk Assessments (PARAs) for RBC's global pension and benefit programs.
• Liaise with Function Supplier Management Office and internal risk assessment teams to perform comprehensive assessments.
• Coordinate with external vendors to complete assessments and reassessments, ensuring timely and accurate completion.
• Identify and document potential risks, develop risk mitigation strategies with regional teams, and obtain senior management approval.
• Develop and gather additional requirements for material vendors, including exit strategies, to ensure business continuity and minimize potential impacts.
• Support the global pension and benefits team in ensuring ongoing compliance with RBC's Enterprise Model Risk Management (EMRM) Guidelines.
• Evaluate and ensure supplier adherence to RBC's retention and destruction standards by engaging with suppliers to assess their current practices. Identify and address any non-compliance issues, developing plans to achieve compliance as needed.

Regulatory Compliance Management:

• Maintain and update the global pension regulatory compliance database to ensure accuracy and relevance.
• Identify key roles and responsibilities across different lines of defense, summarizing actions required to ensure program adherence to relevant laws and regulations.
• Facilitate quarterly/annual collection of evidence of control activities in alignment with new additional control testing requirements.
• Identity quarterly trigger events and changes with potential impact to the RCM program.
• Support and maintain compliance with new and existing CAPSA requirements, including any related assessment activities and evidence requirements.

Operational Risk and Resilience Reporting:

• Collaborate with regional teams to generate quarterly reports including operational risk, people risk, Business Continuity management (BCM), Business Environment Impact Evaluation (BEIE).
• Provide global updates to the corporate risk team, ensuring timely and effective risk management.
• Facilitate documentation of any Operational Risk Events (ORE) as they arise.
• Proactively assess future state risks implemented by a change initiative, as well as the adequacy of the risk controls. (Integrated Risk Profile, or IRP)

Vendor/Financial Report Coordination:

• Coordinate and consolidate annual financial planning reporting for global pension and benefit programs, including the Macro PAR and global pension plan listing report.
• Collaborate with regional teams to complete standalone Project Approval Requests (PARs) for new pension and benefits programs.
• Create and maintain summaries for executive sponsors, ensuring timely approval.

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 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.

Job Skills

Benefit Programs, Critical Thinking, Group Problem Solving, Human Resources Policies, Interpersonal Relationship Management, Process Management, Program Management, Risk Analysis, Vendor Management

Additional Job Details

Address:

MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA

City:

Mississauga

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

HUMAN RESOURCES & BMCC

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

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 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.

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