Director, Third Party Risk, UK and EU
Job Summary
What is the opportunity?
As the Director, UK and EU Third Party Risk (TPR), you will lead TPR oversight and challenge for our United Kingdom (UK) and European Union (EU) operations and the associated legal entities, segments, and functions operating within the UK and EU. In addition, you will be responsible for designing, maintaining, and evolving key third party risk related controls in partnership with colleagues within the Enterprise Third Party Risk and other areas.
You will work in close partnership with the other members of the TPRM leadership team to provide full 2LOD TPRM coverage across the UK and EU. You ensure effective UK and EU alignment to the RBC’s Supplier Code of Conduct and RBC’s Enterprise Third Party Risk Management framework, related policies, standards and procedures.
Your role is integral to ensuring strong TPRM practices are in place for the UK and EU and aligned with OSFI’s B-10 Guideline and all UK and EU 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
* Provide third-party risk oversight and challenge over RBC’s UK and EU operations
* Leverage data-driven insight and provide oversight and challenge on key risk indicators
* Lead 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
* Lead the design, implementation, and evolution of TPR controls and practices
* Lead 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
* Identify trends and new information, and direct research into areas of new third-party risk practices and/or perceived elevated or emerging operational risk
* Ensure team acumen in organizational, regulatory, strategic, financial and operational changes and broader external factors/trends impacting TPRM practices
* Participate in various TPRM focused forums, working groups, committees, and industry events
* Provide impactful Operational Risk advice
* Provide TPRM risk mitigation strategies; advise senior management and executives in understanding and managing TPR across multiple domains
What do you need to succeed?
Must-have
* Extensive experience in progressively responsible roles in the financial services industry with direct exposure to third party risk management, third party lifecycle, operational risk management, enterprise-wide mandates
* Established acumen to Governance-Risk-Compliance (GRC) through 1LOD or 2LOD roles
* Advanced quantitative, analytical and critical thinking skills
* Strong understanding of third party risk governance framework and practices
* Knowledgeable in third party risk focused regulations in the financial services industry
Nice-to-have
* Strategic mindset and capability in problem solving, simplification, efficiency
* Excellent facilitation, written and oral communication and presentation skills
* Demonstrated analytical and critical thinking 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
* Regulatory relations / engagement / examinations / response
What is 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 stakeholders succeed, 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, flexible benefits, and competitive compensation.
* Leaders who support your development through coaching and managing opportunities.
* Opportunities to work with the best in the field.
* 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 working options fully supported.
Job Skills
Decision Making, Financial Risk Management (FRM), Information Security Management, Operational Delivery, Risk Management, Security Management, Strategic Thinking
Additional Job Details
Address: 100 BISHOPSGATE:LONDON
City: London
Country: United Kingdom
Work hours/week: 35
Employment Type: Full time
Platform: GROUP RISK MANAGEMENT
Job Type: Regular
Pay Type: Salaried
Posted Date: 2024-09-17
Application Deadline: 2024-10-01
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.
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About Us
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.
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