Risk Analyst, Third Party Disaster Readiness

Job Description

What is the Opportunity?

This role is critical to the success of the T&O Business Continuity & Third-Party Disaster Readiness team’s ability to build and maintain a successful Centre of Excellence via clearly documented risk assessment processes, insightful reporting, and alignment to industry and internal standards, and to

regulatory/legislative requirements.

What will you do?

• Support the end-to-end process for assessing, monitoring, and validating suppliers’ disaster recovery (DR) capabilities.
• Ensure alignment with corporate resilience standards, internal risk frameworks, and applicable regulatory expectations.
• Provide oversight and support to business units for the identification, mitigation, and remediation of third-party disaster recovery risks.
• Conduct third-party disaster readiness due diligence and ongoing risk assessments for new, existing, and renewed contracts.
• Identify and escalate material risks, unresponsiveness, delayed service level agreements (SLAs), and critical deficiencies to senior leadership for timely action.
• Support the evaluation of concentrated supplier risks and recommend strategies to mitigate single points of failure.
• Documents end-to-end requirements for meeting new obligations in Third Party Disaster Recovery risk assessment, monitoring, and reporting.
• Looks for opportunities to automate processes, communication and/or reporting.
• Partner with Line of Business teams, IT Risk, BCM, Supplier Management Office, and SaaS Architecture to ensure comprehensive and accurate DR assessments.
• Act as a subject matter expert to support supplier engagements, contract negotiations and renewal discussions related to resilience and disaster recovery provisions.
• Leverages the existing supplier management process to determine risk assessment needs and priorities, makes assessments, and reports results.
• Identify any issues or risk gaps and track issues through to completion.
• Documents opportunities for improvement uncovered through reviews or researching as required, to increase efficiency and better meet the goals of the business.
• Assists in implementing KRIs/ KPIs/ EXI metrics for our overall compliance reporting obligations.
• Assists in understanding how new regulations, policies or standards impact the disaster readiness process and reporting in order to make meaningful recommendations on suggested changes.
• Develop or improve tools and mechanisms for building reporting processes for the team and the business.

What do you need to succeed?

Must have:

• University/ College Degree in a relevant or applicable field.
• 2- 4 years experience in performing risk assessment and related reporting and tracking.
• Experience with Disaster Recovery and Business Continuity Management.
• Basic understanding of IT infrastructure and Third-Party Supplier Lifecyle.
• Ability to understand policies, standards and related regulatory requirements, particularly with respect to third-party relationships.
• Ability to work independently or within team structures.
• Ability to learn quickly in order to understand stakeholder positions throughout the enterprise.

Nice to have:

• Working with financial institutions or a similar large organization.
• Software/ system implementation experience for SaaS/cloud solutions.
• Some knowledge or experience with MSA/ contractual agreements.

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.
• Opportunities to do challenging work.
• Opportunities to take on progressively greater accountabilities.

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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.

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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.