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- Tasks: Manage vendor relationships and ensure smooth operations with third parties.
- Company: Join RBC BlueBay, a leader in financial services focused on innovation and community impact.
- Benefits: Enjoy flexible working options, competitive compensation, and a comprehensive rewards program.
- Why this job: Develop leadership skills in a dynamic team while making a real difference in the community.
- Qualifications: Experience in Vendor Management within Financial Services is required; strong analytical skills are a must.
- Other info: RBC values diversity and inclusion, offering an equitable workplace for all.
The predicted salary is between 36000 - 60000 £ per year.
The role is for a Vendor Analyst to join RBC BlueBay. The role will manage relationships and workflow with vendors or third parties to ensure the smooth operation of the partnership.
What will you do?
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Transfer all existing vendor records into an automated vendor risk due diligence solution (Archer’s Vendor Risk Module)
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Manage a large volume of data and requests which will ensure visilibility across all levels of the business
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Develop multitasking and communication skills
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Act as a liaison between third parties and internal core functions (IT Risk, Privacy, Legal, Compliance) to ensure a successful and in line with RBC policies vendor onboarding and management
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Gain and develop knowledge on regulatory requirements in the space of vendor management and third party risk (e.g. DORA, ESMA)
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Opportunity to become an SME on best practices in Procurement and Vendor Management
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Thrive in a fast paced environment where fast thinking and reaction time are key
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Diverse range of activities as part of BAU which create favourable circumstances to develop leadership skills
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Proven delivery focus
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Attention to detail
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Good communicator both written and verbal / face to face.
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Required experience in Vendor Management, within Financial Services and preferable in Asset Management.
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Strong analytical and multitasking skills
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Concision, prioritisation, and business urgency comprehension skills
Nice-to-have
- CIPS (or any other relevant Vendor Management/Procurement) qualification, Job Skills Big Data Management, Communication, Design Thinking, Interpersonal Relationship Management, Process Management, Risk Management, Teamwork, Vendor Management, Waterfall Model
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 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.
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A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
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Leaders who support your development through coaching and managing opportunities
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Opportunities to work with the best in the field
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Ability to make a difference and lasting impact
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Work in a dynamic, collaborative, progressive, and high-performing team
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A world-class training program in financial services
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Flexible working options fully supported., Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
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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Vendor Analyst employer: Royal Bank of Canada
Contact Detail:
Royal Bank of Canada Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Vendor Analyst
✨Tip Number 1
Familiarize yourself with the specific vendor management tools and software mentioned in the job description, such as Archer's Vendor Risk Module. Having hands-on experience or knowledge about these tools can set you apart during the interview process.
✨Tip Number 2
Brush up on your understanding of regulatory requirements related to vendor management, particularly DORA and ESMA. Being able to discuss these regulations confidently will demonstrate your commitment to compliance and risk management.
✨Tip Number 3
Highlight any previous experience you have in managing relationships with vendors or third parties, especially within financial services or asset management. Be prepared to share specific examples of how you successfully navigated challenges in these partnerships.
✨Tip Number 4
Showcase your multitasking and analytical skills by preparing for situational questions that may arise during the interview. Think of scenarios where you had to prioritize tasks or analyze data under pressure, as this aligns with the fast-paced environment described in the job posting.
We think you need these skills to ace Vendor Analyst
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Vendor Analyst position at RBC BlueBay. Understand the key responsibilities and required skills, such as vendor management experience and strong analytical abilities.
Tailor Your CV: Customize your CV to highlight relevant experience in vendor management and financial services. Emphasize your analytical skills, multitasking abilities, and any qualifications like CIPS that may be beneficial for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of vendor management and your ability to thrive in a fast-paced environment. Mention specific experiences that demonstrate your communication skills and attention to detail.
Highlight Relevant Skills: In your application, make sure to emphasize skills that align with the job requirements, such as big data management, process management, and interpersonal relationship management. Use examples to illustrate how you've successfully applied these skills in previous roles.
How to prepare for a job interview at Royal Bank of Canada
✨Understand Vendor Management Fundamentals
Make sure you have a solid grasp of vendor management principles, especially in the financial services sector. Familiarize yourself with regulatory requirements like DORA and ESMA, as this knowledge will be crucial during your interview.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've successfully managed large volumes of data or requests. Highlight your analytical skills and how they contributed to effective vendor management in your previous roles.
✨Demonstrate Communication Proficiency
Since the role requires acting as a liaison between various stakeholders, practice articulating your thoughts clearly. Be ready to provide examples of how you've effectively communicated with vendors and internal teams in the past.
✨Emphasize Multitasking Abilities
The job involves managing multiple tasks simultaneously. Prepare to share experiences that demonstrate your ability to prioritize and handle various responsibilities efficiently, especially in fast-paced environments.
