Vendor Risk Management Jobs in Ontario (NOW HIRING)

What is the opportunity?

Functions Supplier Management Office (FSMO) is seeking a Manager, Risk Supplier Management, to join our team. In this role, you will be instrumental in ensuring compliance with Third Party Risk Management (TPRM) Policy and Standards requirements and driving effective supplier governance across the Functions Portfolio. You will work collaboratively with Business partners, Centre of governance and technology teams to safeguard RBC's risk posture through comprehensive supplier due diligence and ongoing relationship management.

What will you do?

Third-Party Risk Management & Compliance

• In accordance with RBC's Enterprise Policy on Third Party, Non-supplier third party (NSTP) and Intra-Group service providers, 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 across the FSMO portfolio, including performance monitoring, exit strategy assurance, SOC reviews, and termination activities
• Utilize all available tools (e.g. RBC Assist Pro, approved AI channels, dashboards) to streamline information gathering and summarizing activities as well as investigating adherence to TPRM and regulatory requirements

Issue Resolution & Escalation

• Triage operational issues and risks, applying judgment to determine appropriate resolution or escalation to senior management
• Work collaboratively with stakeholders to resolve issues and implement mitigation strategies

Process Improvement & Reporting

• Support the development and maintenance of supplier risk management procedures and process documentation
• Drive incremental improvements to existing supplier management processes to enhance effectiveness and efficiency
• Support governance reporting and provide visibility on supplier risk posture to senior leadership
• Document and communicate risk findings and mitigation strategies across business partners

Team Support & Knowledge Sharing

• Provide subject matter expertise and support to business partners and junior team members
• Contribute to continuous learning and knowledge sharing within the FSMO team

What do you need to succeed?

Must-Have

• 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, including 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 pace 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

Nice-to-Have

• Formal supplier management certifications or designations (CTPRP, CRM, or similar)
• Working knowledge of supplier risk management tools (such as Archer or Ivalua)
• Experience in financial services or other regulated industries
• Proficiency with contract lifecycle management
• Project or process improvement experience
• Experience using approved AI tools to enhance productivity

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, competitive compensation, commissions, and 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

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Job Skills

Additional Job Details

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

Our Employment Opportunities

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.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.