Associate Director, Third Party Risk

The Associate Director, TPR Practices is responsible for developing/maintaining strong RBC risk management practices to effectively and efficiently manage risks arising from Third Parties, in line with regulatory requirements - including end-to-end Enterprise Third Party Risk process, tools, applications, and external and internal data sources.

The Associate Director will also ensure Third Party Risk practices are deployed consistently across the enterprise, to enable alignment to RBCs third-party risk appetite and compliance to the TPR Policy.

What is the Opportunity?

The Associate Director, TPR Practices is responsible for developing/maintaining strong RBC risk management practices to effectively and efficiently manage risks arising from Third Parties, in line with regulatory requirements - including end-to-end Enterprise Third Party Risk process, tools, applications, and external and internal data sources.

The Associate Director will also ensure Third Party Risk practices are deployed consistently across the enterprise, to enable alignment to RBCs third-party risk appetite and compliance to the TPR Policy.

The Associate Director will work in close partnership across broader 2LOD and 1LOD teams, ensuring stakeholder engagement and adoption during the development, review and implementation cycle.

What will you do?

• Deliver on the TPRM vision and execute TPR oversight and challenge through a team of professionals.
• 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 RBCs Code of Conduct and professional standards.
• Work collaboratively across teams, enabling an engaged workforce who are effective, knowledgeable and adaptable.
• 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 RBCs 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.
• 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.

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
• 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
• Strategic mindset and capability in problem solving, simplification, efficiency

Niceto 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 thinking skills
• Excellent communication and presentation skills

Whats 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

Job Skills

Business Performance Management, Investment Banking Analysis, Investment Economics, Investment Management Systems, Investment Performance Measurement, Investment Risk, Investment Risk Management, Market Risk, Operational Risks, Performance Management (PM), Quality Management, Risk Management, Standard Operating Procedure (SOP)

Additional Job Details

20 KING ST W:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2024-07-022024-07-13