Royal Bank of Canada

Manager, Third Party Risk Supplier Assurance

Royal Bank of Canada • $90K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
5 days ago
Job Overview by Ladders

Qualifications

  • 2+ years of experience in third party risk management or operational risk roles
  • Deep knowledge of third-party risk standards and Archer SRMA system
  • Proven expertise in operational risk and regulatory compliance
  • Strong analytical and problem-solving capabilities
  • Bachelor's degree in finance, business administration, risk management, or related field

Responsibilities

  • Lead supplier assurance reviews to ensure compliance with risk management requirements
  • Develop and deliver training on third-party risk management to internal partners
  • Monitor Key Risk Indicators (KRI) and collaborate with business units for action plans
  • Provide subject matter expertise on enterprise third-party risk policies
  • Support the development of the 1st Line of Defense assurance framework
  • Identify process improvements to enhance operational efficiencies
  • Collaborate with stakeholders to address risk concerns and ensure compliance

Benefits

  • Comprehensive Total Rewards Program including bonuses and flexible benefits
  • Leadership development through coaching and management opportunities
  • Ability to make a significant impact within the organization
  • Work in a collaborative and high-performing team environment
  • Opportunities to build strong relationships with clients
Full Job Description
Job Description

What is the opportunity?

As a key contributor of the Personal Banking & Commercial Banking Supplier Management Office (SMO) team, you will focus on conducting supplier assurance reviews of third parties, contributing to the development of the SMO's new QA and Assurance framework, identifying process improvements, and collaborating with stakeholders such as business units, governance teams, and other Supplier Management Offices (SMOs). You will leverage your expertise in third-party risk management, operational risk, and regulatory compliance, with a focus on ensuring our business partners meet third party risk requirements and identifying operational efficiencies. This position is critical for mitigating third-party risks and ensuring compliance with RBC's Enterprise Third Party Risk Management Policy.

What will you do?

  • Lead 3rd party risk assurance reviews on PB & CB's supplier engagements to ensure compliance to requirements such as Supplier Code of Conduct, Certificate of Insurance, anchoring platform, and to ensure EIM/SRMA findings are remediated within the defined timelines
  • Develops and delivers training and awareness on third-party risk management and policy compliance to internal partners
  • Monitors to ensure KRI's stay within thresholds; works with the LOBs to ensure the appropriate action plans are in place to address any KRI breaches, controls gaps etc
  • Provide subject matter expert support to the engagement owners and supplier managers in support of the Enterprise 3rd party risk policies and standards
  • Support the development and maintenance of the 1st Line of Defense (1LOD) assurance framework, including reporting metrics, trends, and remediation efforts for senior management
  • Identify process improvements to enhance operational efficiencies in supplier management and risk assessment processes
  • Collaborate with, and challenge stakeholders (e.g., business units, governance teams, Supplier Management Offices) to address risk concerns and ensure QA compliance
  • Identify Supplier Assurance and quality gaps, and support the logging of issues / findings, escalating non-compliance or critical risks to senior management as needed
  • Support regulatory/compliance initiatives as required
  • Support business with timely completion of supplier risk activities and adherence to established service standards
  • Forward plan assurance activities to meet due diligence requirements and identify operational efficiency opportunities


What do you need to succeed?

Must-have:

  • 2+ years' experience in third party risk management or operational risk roles
  • Deep knowledge of third-party risk standards and best practices, and working knowledge of the Archer SRMA system
  • Proven expertise in Operational Risk and regulatory compliance
  • Self starter with ability to prioritize own work, while working as a team to deliver results
  • Ability to apply strategic thinking to translating risk concepts into business language
  • Professional oral and written communication skills
  • Strong analytical and problem-solving capabilities
  • Change management and stakeholder engagement expertise, with a proven ability to influence cross-functional teams and senior leadership
  • Attention to detail and commitment to quality and compliance
  • Ability to work in a fast-paced, dynamic environment
  • Bachelor's degree in finance, Business Administration, Risk Management, or related field


Nice-to-have:

  • College, university or equivalent project management designation
  • Professional risk certification (e.g., FRM, CRM, PRM)
  • Advanced capabilities in data analysis, dashboarding and reporting (Excel, Tableau, or similar tools)


What's in it for you?

  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions and stocks 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 teams
  • Opportunities to building close relationships with clients


Job Skills
Communication, Process Management, Risk Management, Teamwork, Third Party Risk Management

Additional Job Details

Address:

RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

PERSONAL & COMMERCIAL BANKING

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-06-09

Application Deadline:

2026-06-24
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.

Stay Connected

Keep up to date with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here at Royal Bank of Canada.

Job Alert Emails

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

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Royal Bank of Canada

More Finance & Insurance Jobs

Find similar Manager, Third Party Risk Supplier Assurance jobs:

NationwideToronto, ON