Royal Bank of Canada

Manager, Vendor & Risk Management

Royal Bank of Canada$90K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in IT, Business Administration, or related field
  • 3+ years in vendor and/or risk management
  • Experience with risk assessments or compliance reviews
  • Proficiency in contract lifecycle management
  • Excellent communication and stakeholder management skills
  • Ability to thrive in fast-paced, high-pressure environments
  • Experience in documenting and improving business processes

Responsibilities

  • Support the vendor management process for software onboarding
  • Manage contract renewals across over 30 suppliers
  • Collaborate with stakeholders on risk requirements for software
  • Lead contract negotiations and ensure RBC standards are met
  • Oversee new vendor onboarding and software exit processes
  • Conduct Supplier Risk Management Assessments as per RBC's process
  • Align contracts with business strategies through financial optimization

Benefits

  • Comprehensive Total Rewards Program including bonuses and flexible benefits
  • Support from leaders for personal development
  • Opportunity to make a significant impact
  • Work in an agile and high-performing team
  • Engage with senior-level executives across the organization
Full Job Description
Job Description

Manager, Vendor & Risk Management

What is the opportunity?

RBC's DevOps Program & Business Office is responsible for supporting the seamless functioning of the DevOps department, focusing on business planning, vendor management, program management, and risk management. We enable our technical teams by addressing legal and risk requirements to initiate proof of concepts, identify and mitigate risks for new software introduced to DevOps, and support software renewals to ensure continuous and effective technology use across our development community.

RBC's DevOps Business Management team is looking for an enthusiastic, and self-motivated Manager, Vendor & Risk Management to add to our team in Toronto. You'll be working as part of a small, innovative team to help enable technology enhancements within RBC's Software Development Lifecycle and help move the dial in the way we develop across the organization.

What will you do?

Vendor & Contract Management
  • Support with the vendor management process and consult with partnering teams to ensure smooth onboarding of new and existing software.
  • Manage business-as-usual (BAU) contract renewals across 30+ suppliers
  • Collaborate and liaise with key business partners and stakeholders to complete risk requirements for new and existing software within DevOps.
  • Lead end-to-end contract negotiations, amendments, and ensure alignment with RBC standards
  • Oversee new vendor onboarding from contract through implementation, support software exit processes
  • Support proof of concept requests and evaluate new software solutions with technical teams


Risk Management & Compliance
  • Conduct Supplier Risk Management Assessments following RBC's established process
  • Collaborate with key stakeholders to complete risk requirements for new and existing software
  • Ensure all suppliers meet RBC standards and requirements before approval
  • Monitor and mitigate vendor risk throughout the contract lifecycle


Financial Optimization
  • Align contract terms, pricing, and dollar spend with business strategy
  • Review user licensing and vendor spend to identify optimization opportunities
  • Provide visibility on total cost of ownership and eliminate unnecessary spend


Process Improvement & Reporting
  • Streamline and improve existing vendor management processes, update documentation and process flow diagrams
  • Support weekly/monthly reporting processes including project status reports and control book updates
  • Ensure alignment and clear communication across all business partners and stakeholders


What do you need to succeed?

Must Have
  • Bachelor's Degree in Information Technology, Business Administration, or related field
  • 3+ years of experience in vendor management and/ or risk management
  • Experience conducting risk assessments or compliance reviews
  • Proficiency with contract lifecycle management processes
  • Excellent communication and stakeholder management skills
  • Ability to work in a fast-paced environment with competing priorities and tight deadlines
  • Experience documenting and improving business processes
  • Ability to self-discover and learn undocumented systems and processes


Nice to Have
  • Background working with development teams or technical communities
  • Familiarity with DevOps tools and platforms (e.g., Confluence, development productivity tools)
  • Good business/ financial acumen (budget management, cost analysis, spend optimization)
  • Experience in IT or software vendor management
  • Understanding of software licensing models and optimization
  • Experience with Archer or similar risk management tools


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
  • The opportunity to interface with senior level executives from many different parts of the organization


Job Skills

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:

TECHNOLOGY AND OPERATIONS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-06-11

Application Deadline:

2026-06-25
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
5 Year Trend
+8.7%
NASDAQ

Similar Jobs

More Jobs at Royal Bank of Canada

More Finance & Insurance Jobs

Find similar Manager, Vendor & Risk Management jobs: