Associate, Capital Markets Europe Third Party and Outsourcing Risk Management (London or Frankfurt)

Royal Bank of Canada; City of Westminster; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading financial institution is seeking a professional for management and reporting of outsourcing and third-party risks. The role involves collaborating across teams to ensure compliance with regulatory and enterprise guidelines. The ideal candidate will have a university degree in business or finance and strong experience in risk management. Benefits include competitive compensation and professional development opportunities.

Benefits

Comprehensive Total Rewards Program including bonuses

Development support from leaders

Training program in financial services

Qualifications

• Strong relevant background in Third Party Risk Management or similar fields.
• Experience with Outsourcing regulatory requirements.
• Familiarity with the regulatory landscape in global banking.

Responsibilities

• Support third party governance in compliance with regulatory guidelines.
• Implement monitoring controls for outsourced services.
• Develop reports on outsourced and third-party activities.

Skills

Business Process Design

Decision Making

Financial Risk Management

Operational Risks

Risk Control

Risk Management

Teamwork

Strong communication collaboration skills

Education

University degree in business, finance or related fields

Tools

MS Office (Word, PowerPoint, Excel)

Job description

Overview

This role has responsibility to support the Capital Markets UK & Europe outsourcing and third party strategy, collaborating with stakeholders across geographies in the management and reporting of outsourcing and third-party risk, and ensuring compliance with regulatory and enterprise policies & guidelines. RBC's expectation is that from mid-September 2025, all employees and contractors will work in the office with some flexibility to work up to 1 day per week remotely, depending on working arrangements.

Responsibilities

• In collaboration with enterprise subject matter experts (SMEs), Function leads and business owners, support both third party and outsourcing governance in line with regulatory guidance and RBC's governance policies;
• Support the implementation of monitoring controls and metrics for outsourced services and third-party arrangements, where applicable;
• Support business owners in identifying outsourced relationships, risk assessments and compliance of the outsourcing and third-party governance and controls;
• Ensure the engagement owners are monitoring, reviewing and mitigating outsourcing and third party risk;
• Support key stakeholders in their outsourcing and third-party strategy;
• Ensure outsourcing and third-party registers are updated in a timely manner, aligned with regulatory requirements, with the appropriate contract and SLAs in place for each outsourcing arrangement;
• Support the continued development and maturation of enterprise policies and procedures to incorporate local requirements, and where needed support the development and implementation of local outsourcing and third-party policies and procedures;
• Escalate material issues and risks to key stakeholders;
• Develop, publish and present reports relating to outsourced and third-party activities, to key stakeholders and relevant risk committees;
• Support the compliance standards for contracts and outsourcing relationships in collaboration with Data Privacy, Risk Management, Legal, Compliance Information Security, Business Continuity Management and Vendor Management.
• Act as SME for key stakeholders, including Internal and External Audit and Regulators;
• Project Management with different key stakeholders to remediate any gap and/or issue identified.

Qualifications

• University degree in business, finance or other related fields or similar/equivalent.
• Strong relevant background preferably in Third Party Risk Management, Outsourcing Management, Operational Risk, or Regulatory Compliance.
• Experience with Outsourcing regulatory requirements (EBA Guidelines, PRA Supervisory Statement SS2/21, FCA), or strong understanding of related risk management principles.
• Familiarity with regulatory landscape facing global banks. Ideally, experience in banking industry, consulting or regulator institutions.
• Proficient in MS Office (Word, PowerPoint, Excel).
• Strong communication collaboration skills.

Nice‑to‑have

• Knowledge of Outsourcing regulatory requirements in different jurisdictions (AT9 MaRisk, DORA; ACPR), or strong understanding of related risk management principles.
• Experience dealing with Internal and External Audits.

At 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, 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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Benefits

• 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.

Agency Notice

RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.

Job Skills

Business Process Design, Decision Making, Financial Risk Management (FRM), Operational Risks, Risk Control, Risk Management, Teamwork