About the Role
Functions Supplier Management Office (FSMO) is seeking a Manager, Risk Supplier Management, to ensure compliance with Third Party Risk Management (TPRM) Policy and Standards requirements and drive effective supplier governance across the Functions Portfolio. You will collaborate with business partners, Centre of governance, and technology teams to safeguard RBC's risk posture through comprehensive supplier due diligence and ongoing relationship management.
Responsibilities
- Lead day-to-day execution of Supplier Risk Management Assessments following RBC's TPRM established processes and OSFI guidelines.
- Collaborate with key stakeholders to gather and document risk requirements for new and existing supplier engagements.
- Ensure effective management and implementation of appropriate controls for third-party arrangements aligned to TPRM policies to monitor and mitigate supplier engagement risk.
- Utilize available tools to streamline information gathering, summarizing activities, and investigating adherence to TPRM and regulatory requirements.
- Triage operational issues and risks, applying judgment to determine appropriate resolution or escalation.
- Work collaboratively with stakeholders to resolve issues and implement mitigation strategies.
- Support the development and maintenance of supplier risk management procedures and process documentation.
- Drive incremental improvements to existing supplier management processes.
- Support governance reporting and provide visibility on supplier risk posture to senior leadership.
- Document and communicate risk findings and mitigation strategies across business partners.
- Provide subject matter expertise and support to business partners and junior team members.
- Contribute to continuous learning and knowledge sharing within the FSMO team.
Requirements
- Bachelor’s degree in Business Administration, Finance, Risk Management, or related field.
- 3-5 years of experience in risk management, supplier management, or related operational roles.
- Experience with risk governance practices, frameworks, and methodologies.
- Strong understanding of Third-Party Risk Management (TPRM) frameworks and regulatory requirements (OSFI, RBC policies).
- Demonstrated ability to conduct risk assessments and compliance reviews.
- Growth mindset with demonstrated ability to learn and adapt in a fast-paced regulated environment.
- Ability to manage competing priorities, exercise flexibility, and work with resourcefulness in a complex environment.
- Strong analytical mindset and problem-solving capabilities with attention to detail.
- Strong business acumen with an operational perspective.
- Excellent communication skills with the ability to present information effectively to diverse audiences.
- Strong relationship-building and client focus capabilities.
- Formal supplier management certifications or designations (CTPRP, CRM, or similar) - Nice-to-Have.
- Working knowledge of supplier risk management tools (such as Archer or Ivalua) - Nice-to-Have.
- Experience in financial services or other regulated industries - Nice-to-Have.
- Proficiency with contract lifecycle management - Nice-to-Have.
- Project or process improvement experience - Nice-to-Have.
- Experience using approved AI tools to enhance productivity - Nice-to-Have.
Skills
- Analytical Thinking
- Communication
- Compliance Management
- Design Thinking
- Financial Acumen
- Interpersonal Relationships
- Management Process
- Operation Risk Management
- Problem Solving
- Process Management
- Teamwork
- Vendor Management
- Vendor Risk Management
Location
- BAY WELLINGTON TOWER, 181 BAY ST:TORONTO
- Toronto
- Canada
Work Type
- Full time
Experience Level
- 3-5 years of experience in risk management, supplier management, or related operational roles
Education Level
- Bachelor’s degree in Business Administration, Finance, Risk Management, or related field
Benefits
- A comprehensive Total Rewards Program including bonuses and flexible benefits
- Competitive compensation
- Commissions
- 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
- Flexible work/life balance options
- Opportunities to do challenging and meaningful work
About the Company
- At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.
