Senior Manager, Supplier Risk and Initiatives

1 month ago

Toronto, Canada Royal Bank of Canada> Full time

Job Summary

Job Description

What is the opportunity? 

Do you embrace new challenges? Are you passionate about supplier management and driving change initiatives amongst the challenges and opportunities within the third-party risk domain? Are you someone who thrives in a spirited team environment, questions the status quo and is naturally driven to seek opportunities for cost efficiencies and process improvement? If so, then we would love to hear from you.

As a Senior Manager, Supplier Risk and Initiatives, you will be a member of our global Supplier Management team and support RBC’s Wealth Management (WM) platform. In this role, you will drive the transformation and roadmap for the WM Supplier Management Office (SMO). You will guide SMO team on supplier management and risk management standard artefacts, best practices and policy updates coming from partners (i.e. IT Risk, Third Party Risk, procurement, etc.) while executing on supplier management initiatives, supporting the delivery of our Third-Party Risk (TPR) governance requirements. Key activities include but are not limited to stakeholder engagement of business partners and vendors, conducting cross-regional supplier reviews and other assessments, supplier spend analysis, business case development and planning, supplier performance monitoring and reporting, as well as supporting various change and acquisition integration initiatives within WM’s overall Supplier Management program.

What will you do?

  • Responsible for change management associated with program transformation, ensuring effective communication, training, and stakeholder management.
  • Drive key projects and integration initiatives through superior prioritization and organizational skills, to deliver on risk management practices transformation, regulatory changes and automation of governance processes.
  • Communicate and lead change management activities to supports the rollout of enterprise policies and standards, processes, and tools.
  • Identify and recommend the need for change and efficiencies within the WM supplier management program and integration initiatives.  
  • Lead with integrity and empathy while providing practical advice, considering regulatory and business objectives. This could include addressing business queries on supplier risk management, supplier relationship management and third-party risk program activities.
  • Develop relationships across global WM and other RBC Business Platforms, including procurement, supplier management offices and centers of governance.
  • Support supplier governance and oversight activities throughout the third-party lifecycle and help identify and drive efficiencies and improvements across the supplier base.
  • Drive reporting and with a keen understanding of reporting methodologies

      

What do you need to succeed?

Must Have

  • 3+ years of People Management Experience
  • Business Administration degree (BComm / MBA) and/or management consulting experience.
  • 5+ years of experience in Supplier Risk/Risk Management.
  • 3+ years’ experience in Canadian or International Financial Services.
  • Project and/or change management experience; PMP and/or OCM certifications.
  • Formidable critical thinking, analytical and problem-solving skills with a high degree of flexibility and resourcefulness.
  • Excellent communication skills and ability to synthesize information to frame messages effectively for impact and influence of various audiences and diverse stakeholders.
  • Strategic mindset with the ability to disrupt and challenge the status quo; ability to deal with ambiguity and yet create business cases for decision making.

Nice to Have

  • Experience in presenting to senior level executives.
  • Experience with design thinking and/or client experience design.
  • People manager experience with demonstrated ability to foster collaborative work and lead teams through change.
  • Understanding and knowledge of Third party supplier risk management standards, methodologies, best practices & audit requirements; Working knowledge of the Archer Supplier Risk Management Application (SRMA) and/or iValua (Procurement Sourcing Application)

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
  • Flexible work/life balance options
  • Opportunities to do challenging work
  • Opportunities to take on progressively greater accountabilities  
  • Access to a variety of job opportunities across business and geographies

Job Skills

Communication, Financial Instruments, Fraud Risk Management, Long Term Planning, Operational Risks, Risk Control, Risk Management, Waterfall Project Management

Additional Job Details

Address:

180 WELLINGTON ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

WEALTH MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-09-16

Application Deadline:

2024-10-11

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.
​​​​​​​
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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