Royal Bank of Canada
Associate Director, CUSO Third Party Risk
Royal Bank of Canada, Jersey City, NJ
Job Summary
Job Description
What is the Opportunity?
The GRM Third Party Risk (TPR) team is accountable for RBC's enterprise wide Third Party Risk management (TPRM) strategy and framework, enabling RBC to identify, measure, monitor, and mitigate the risks associated with third parties. TPR works with Senior Management across RBC's business platforms and functions, providing oversight and challenge to ensure effective implementation of TPRM practices in compliance with regulatory and policy requirements. TPR also provides strategic advice, education, and key practices across RBC. TPR is also accountable to provide insight on RBC's overall third-party risk profile.
The Combined US Operations (CUSO) Operational Risk team provides independent and objective oversight of operational risk management for RBC's Combined US Operations (CUSO), ensuring integrated risk management across all operational risk domains.
The Associate Director, CUSO Third Party Risk, Advisory & Oversight, provides third-party risk oversight and challenge, focusing on our CUSO Business Segments and Functions (E.g., HR, GRM, Finance) and Legal Entities within CUSO. In addition, the Associate Director is responsible for supporting the design, maintenance, and evolution of a number of key third-party risk controls.
The Associate Director will work in close partnership across the broader Third Party Risk teams to provide full 2LOD TPRM coverage across the enterprise. The Associate Director will work in close partnership with the other members of the TPRM team to provide full 2LOD TPRM coverage across CUSO. The Associate Director ensures effective CUSO alignment to the RBC's Supplier Code of Conduct and RBC's Enterprise Third Party Risk Management framework, related policies, standards and procedures. This role is integral to ensuring strong TPRM practices are in place for CUSO and aligned with OSFI's B-10 Guideline and all US regulatory requirements related to third party risk management.
What will you do?
What do you need to succeed?
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.
The good-faith expected salary range for the above position is $110,000 - $190,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
#LI - Hybrid
#LI - POST
Job Skills
Decision Making, Financial Risk Management (FRM), Information Security Management, Operational Delivery, Risk Management, Security Management, Strategic Thinking
Additional Job Details
Address:
GOLDMAN SACHS TOWER, 30 HUDSON STREET:JERSEY CITY
City:
Jersey City
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2024-09-06
Application Deadline:
2024-11-30
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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
Job Description
What is the Opportunity?
The GRM Third Party Risk (TPR) team is accountable for RBC's enterprise wide Third Party Risk management (TPRM) strategy and framework, enabling RBC to identify, measure, monitor, and mitigate the risks associated with third parties. TPR works with Senior Management across RBC's business platforms and functions, providing oversight and challenge to ensure effective implementation of TPRM practices in compliance with regulatory and policy requirements. TPR also provides strategic advice, education, and key practices across RBC. TPR is also accountable to provide insight on RBC's overall third-party risk profile.
The Combined US Operations (CUSO) Operational Risk team provides independent and objective oversight of operational risk management for RBC's Combined US Operations (CUSO), ensuring integrated risk management across all operational risk domains.
The Associate Director, CUSO Third Party Risk, Advisory & Oversight, provides third-party risk oversight and challenge, focusing on our CUSO Business Segments and Functions (E.g., HR, GRM, Finance) and Legal Entities within CUSO. In addition, the Associate Director is responsible for supporting the design, maintenance, and evolution of a number of key third-party risk controls.
The Associate Director will work in close partnership across the broader Third Party Risk teams to provide full 2LOD TPRM coverage across the enterprise. The Associate Director will work in close partnership with the other members of the TPRM team to provide full 2LOD TPRM coverage across CUSO. The Associate Director ensures effective CUSO alignment to the RBC's Supplier Code of Conduct and RBC's Enterprise Third Party Risk Management framework, related policies, standards and procedures. This role is integral to ensuring strong TPRM practices are in place for CUSO and aligned with OSFI's B-10 Guideline and all US regulatory requirements related to third party risk management.
What will you do?
- Deliver on the TPRM vision and execute TPR oversight and challenge
- Foster strong stakeholder relationships to enable active and collaborative working relationships
- Drive a culture of integrity and behaviors that align to RBC's Code of Conduct and professional standards
- Work collaboratively across teams, enabling an engaged workforce who are effective, knowledgeable and adaptable
- Cultivate an environment of continuous personal growth
- Execute scenario-driven and thematic reviews to assess effectiveness of controls across the end-to-end third-party lifecycle
- Review third-party risk related outputs (e.g., pre-contract challenge of engagement risk assessments), risk issues, acceptances and action plans to ensure 1LOD is operating within stated Risk Appetite
- Conduct third-party risk event reviews related to areas of support (wholesale businesses and key functions)
- Support third-party related regulatory examinations related to wholesale businesses and functions
- Leverage internal and external information sources on current and emerging threats to focus 1LOD attention on emerging risk themes and issues
- Contribute to and execute on the vision, strategy and operating model for TPRM, including supporting integration of operational resilience into TPR practices
- Support the design, implementation, and evolution of controls across the third-party lifecycle.
- Support implementation of key ORM initiatives (e.g.: Internal Control Management Policy; Operational Resiliency; NextGen)
- Drive the development, implementation and execution of high-level business requirements
- Identify points of technology integration and opportunities for process and workflow enhancements to drive effective TPRM strategic priorities
- Support the Director of CUSO TPR in organization and execution of the CUSO TPR forums and committees
What do you need to succeed?
- 7+ years of experience in progressively responsible roles in third party risk and financial services industry or highly regulated industry.
- Relevant University degree
- Advanced quantitative, analytical and problem solving skills
- Strong understanding of the third-party risk governance framework, practices and contract governance
- Knowledge of the overall Third Party Lifecycle and specifically OSFI's Guideline B10, OCC guidance and other relevant regulatory requirements
- Demonstrated delivery and integration experience - ability to objectively interpret information and define problems/root causes
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
- Opportunities to do challenging work
- Opportunities to build close relationships with clients
The good-faith expected salary range for the above position is $110,000 - $190,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
- Drives RBC's high performance culture
- Enables collective achievement of our strategic goals
- Generates sustainable shareholder returns and above market shareholder value
#LI - Hybrid
#LI - POST
Job Skills
Decision Making, Financial Risk Management (FRM), Information Security Management, Operational Delivery, Risk Management, Security Management, Strategic Thinking
Additional Job Details
Address:
GOLDMAN SACHS TOWER, 30 HUDSON STREET:JERSEY CITY
City:
Jersey City
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2024-09-06
Application Deadline:
2024-11-30
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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.