Manager, Defined Contribution and Savings Programs and Financial Wellness
Manager, Defined Contribution and Savings Programs and Financial Wellness
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Job Description
Job Summary
Job Description
What is the Opportunity
As the Manager Defined Contribution and Savings Programs and Financial Wellness you will provide oversight of RBCs Defined Contribution Pension and Savings Programs in Canada with over 50000 active members and over $2 billion in assets; and provide support of financial wellness strategy which aims to increase RBC employees awareness and financial literacy and support employees in navigating their financial journeys to achieve their financial goals.
What will you do
Provide oversight of RBCs Defined Contribution Pension and Savings Programs including administrative guidance legislative compliance communication and governance.
Maintain summary records of plan membership pension contributions and plan asset values on a monthly basis and prepare annual report identifying trends and changes.
Manage all third-party vendor fees including processing invoices payments and reconciliations.
Provide interpretation issue resolution and administrative guidance related to the defined contribution pension and savings programs to resolve employee queries and escalations.
Prepare and submit to the pension regulators all required annual filings for the defined contribution pension plans.
Assist with the preparation of pension materials for reporting to Governance Committees and Board of Directors.
Assist with preparation of written communications to employees such as pension statements employee escalations plan changes etc.
Support HR administration team and Contact Centre for resolutions of employee issues and escalations.
Assist with advancing RBCs financial wellness strategy simplifying communication of RBCs Retirement and Savings programs to assist RBCs employees in Canada in making informed decisions build employees financial literacy and deliver decision-making tools that support employees unique and diverse needs.
Assist with pension education presentations at employee sessions to improve employees understanding of RBCs retirement and savings programs use of tools transactions enrollment in the plans etc.
Maintain financial scorecard to measure effectiveness of programs and communications.
Monitor relationships with third-party vendors including conducting risk assessments Service Level Agreement reviews and vendor onboarding.
What do you need to succeed
Must-have:
5 to 10 years of pension experience in a similar level role with a large complex organization or consulting firm.
Bachelor Degree in Mathematics Actuarial Science Finance or a related field.
Excellent written and verbal communication skills and demonstrated facilitation/presentation experience.
Strong stakeholder management and relationship management capabilities with proven ability to manage multiple competing projects and priorities.
Strong analytical skills and attention to detail with proven ability to analyze complex situations synthesize information understand issues identify options and support sound decision making; and integrate information from different sources into a coherent view.
Excellent technical skills using the Microsoft Suite (Word Excel PowerPoint).
Project management skills are an asset.
Whats 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.
Opportunities to do challenging work.
Job Skills
Benefit Programs Communication Critical Thinking Defined Contribution Financial Analysis Financial Wellness Group Problem Solving HR Project Management Human Resources Policies Interpersonal Relationship Management Organizational Change Management Relationship ManagementAdditional Job Details
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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 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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Required Experience:
Manager
Employment Type
Full-Time
Key Skills
- Compliance Management
- Administrative Functions
- Oversight
- Administrative Activities
- Administrative Tasks
- Budget Preparation
- Facilities Management
- Daily Operations
- Account Management
- General Ledger Accounts
- Personnel Files
- Administrative Management
- Financial Statements
- Administrative Operations
- Annual Budget
