Royal Bank of Canada

Associate Director, Third Party Risk Advisory & Oversight

Royal Bank of Canada • $100K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 7-10 years of experience in third-party risk within financial services or highly regulated industries.
  • Relevant University degree required.
  • Advanced quantitative and analytical skills essential for problem-solving.
  • Strong understanding of third-party risk governance and contract frameworks.
  • Familiarity with OSFI's Guideline B10, OCC guidance, and regulatory requirements.

Responsibilities

  • Lead the execution of third-party risk management oversight and challenge.
  • Build strong relationships with stakeholders for collaboration.
  • Promote a culture of integrity aligned with RBC's professional standards.
  • Monitor and assess the end-to-end lifecycle of third-party risks.
  • Conduct thematic reviews to identify risk gaps and effectiveness of controls.
  • Support the design and evolution of third-party risk controls and practices.

Benefits

  • Comprehensive Total Rewards Program including bonuses and flexible benefits.
  • Leadership support for career development through coaching.
  • Opportunity to make a meaningful impact.
  • Environment of agile teamwork and progressive collaboration.
Full Job Description
Job Description

What is the opportunity?

The Associate Director, Third Party Risk Advisory & Oversight provides third-party risk oversight and challenge, focusing on our Personal Banking & Commercial Banking, Wealth Management and Insurance segments, as well as coverage for the Asia Pacific region. In addition, the Associate Director is responsible for supporting the design, maintenance, and evolution of a number of key third-party risk controls (e.g. supplier inventory assurance). The Associate Director will work in close partnership across broader Third-Party Risk teams to provide full 2LOD TPRM coverage across the enterprise.

What will you do?

Act as a leader in Third-Party Risk (TPR) Management
  • 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


Provide third-party risk oversight and challenge over RBC's Personal & Commercial Banking, Wealth Management, Insurance and APAC region
  • Leverage data-driven insight and provide oversight and challenge on key risk indicators
  • 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
  • Monitor various types of NSTPs that RBC engages and identify gaps in process, risk assessment, due diligence, ownership, etc.
  • Conduct third-party risk event reviews related to areas of support
  • Support third-party related regulatory examinations related to Personal Banking & Commercial Banking and Insurance businesses and the APAC region
  • Leverage internal and external information sources on current and emerging threats to focus 1LOD attention on emerging risk themes and issues


Support the design, implementation, and evolution of TPR controls and practices
  • 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, with a specific focus on enhancing 1LOD contract governance and supplier inventory assurance
  • Support the continued evolution of RBC's Non-Supplier Third-Party risk management standard and practices and integration into existing monitoring, reporting, etc
  • 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
  • Implement recommendations to achieve target state design to address identified gaps
  • Participate in various TPRM focused forums, working groups, committees, and industry events


Provide impactful Operational Risk advice
  • Lead and contribute to thematic reviews, tabletops, and scenarios aimed at identifying third-party risk top and emerging risks, control gaps/enhancements, etc
  • Champion behaviours that embed a strong risk management culture across 1st & 2nd LOD, including strong awareness of TPRM practices
  • Provide advice and counsel to business partners on adoption of TPRM requirements to implement RBC's enterprise TPRM strategy


What do you need to succeed?

Must-have
  • 7-10 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


Nice-to-have
  • Strategic mindset and capability in problem solving, simplification, efficiency
  • Excellent facilitation, written and oral communication and presentation skills
  • Skilled in building a network and maintaining key relationships
  • Demonstrated project management and organizational skills
  • Story-teller - can translate data and information into insights and advice
  • Professional Risk Management qualification or certification


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
  • Leaders who support your development through coaching and managing opportunities
  • Ability to make a difference and lasting impact
  • Work in an agile, collaborative, progressive, and high-performing team


Job Skills
Business Process Design, Decision Making, Financial Risk Management (FRM), Operational Risks, Risk Control, Risk Management, Teamwork

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-07-23

Application Deadline:

2026-08-08
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

About Royal Bank of Canada

Royal Bank of Canada Careers

Join the dynamic team at Royal Bank of Canada (RBC), a global leader in financial services and a company committed to excellence and innovation. At RBC, we offer a wide range of job opportunities that empower professionals to shape their career paths with leadership, diversity training, and continuous growth.

Work You’ll Do

At Royal Bank of Canada, we are not just hiring; we are building a culture of innovation and leadership. Our team members are at the forefront of the financial industry, driving transformation and delivering targeted solutions that meet the evolving needs of our clients and communities.

Explore Job Opportunities and Employment at RBC

Whether you are starting your career or looking to take it to the next level, RBC offers positions that challenge your skills and fuel your ambition. From entry-level positions to leadership roles, our job opportunities span across various functions and regions. Join us and be part of a team that values professional growth and diversity.

Internship and Professional Development

Kickstart your career with an internship at Royal Bank of Canada. Our internships provide invaluable hands-on experience, networking opportunities, and insights into the financial services industry. Interns at RBC gain the skills necessary to excel and are often considered for full-time positions within the company.

Benefits and Culture

At RBC, we prioritize the well-being and satisfaction of our employees. Our benefits package is designed to support our team members at every stage of their life and career. RBC’s culture is built on a foundation of respect, integrity, and responsibility, fostering an environment where everyone can thrive.

Career Growth and Innovation

We believe in nurturing the potential of our employees through continuous learning and career development programs. At RBC, you will find endless opportunities to grow professionally through on-the-job experiences, formal training programs, and leadership development initiatives. Our commitment to innovation means we are constantly seeking out new ideas and perspectives, making RBC a perfect place for those who aim to lead and innovate.

Diversity and Inclusion

Diversity is our strength. At Royal Bank of Canada, we are committed to building an inclusive workplace where every employee feels valued and respected. Our diversity training programs are designed to educate and inspire, creating a more inclusive and equitable workplace.

Join Our Team

Search open positions that match your skills and interests. We look for passionate, curious, creative, and solution-driven team players. Start your journey with RBC today and be part of a world-class team known for its commitment to client service, community involvement, and innovation.

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Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities awaiting you at RBC. Explore the possibilities with Royal Bank of Canada, where your future is filled with potential and the path to success is paved with countless opportunities for professional and personal growth. Join us and shape not just your career but the future of the financial industry.
Learn more about Royal Bank of Canada
Size
86,007 employees
Market Cap
$130.3 billion
Industry
Finance & Insurance
5 Year Trend
+8.7%
NASDAQ
RY
* Ladders Estimates

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