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Manager, Retirement Benefits

2 months ago

Minneapolis, Minnesota, United States Royal Bank of Canada Full time

Job Summary

Job Description

What is the opportunity?

The U.S. Retirement Manager will be responsible for the communication, governance and financial management of the RBC U.S.A. Retirement and Savings Plan ("401(k)") and the RBC U.S. Non-Qualified Deferred Compensation Plans ("Deferred Compensation Plans"). This role will continually ensure that the programs are affordable and financially sustainable long-term for RBC and transparent in terms of offering and costs, understood and appreciated by employees in terms of value and choice, competitive in aggregate with peer companies, and an expression of RBC's employee value proposition. This role will interact with members of Total Rewards Delivery, HR Advice, HR Business Partners, Employee Relations, Case Management, Recruiting, Communications, Payroll, Legal, Finance, Tax, Corporate Treasury, Procurement, Supplier Relationship Management Governance, legal and third-party vendors.

What will you do?

  • Identify opportunities and proactively make program design recommendations
  • Execute approved strategy and implement plan changes
  • Monitor market trends and legislative developments and develop appropriate solutions
  • Observe participant behavior, including membership, plan selection and usage, and investment choices
  • Oversee annual enrollment and annual distributions for the Deferred Compensation Plans
  • Research and resolve escalated employee cases and situations as they arise
  • Monitor plan expenses, facilitate invoice payments and ensure fee disclosure requirements are met
  • Manage program and vendor costs associated with plans
  • Keep abreast of legislative developments and regulatory compliance
  • Manage vendor relationships for U.S. retirement programs, including periodic reviews and performance against service level agreements
  • Lead vendor contract discussions and renewals, including coordination with procurement and legal
  • Review and execute applicable government form filings
  • Manage communication plan for active and inactive employees

What do you need to succeed?

Must-have

  • Education Level: Bachelor's degree in relevant field or equivalent work experience
  • Experience: At least 5-7 years in the industry
  • Practical and solution focused, including end-to-end execution
  • Excellent interpersonal and communication skills
  • Strong project management and problem solving skills
  • Leadership skills, with the ability to be a team player and strong self-starter
  • Excellent technical skills and experience with Microsoft Office products

Nice-to-have

  • Designations: RPA, QKA, CEBS

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
  • Flexible work/life balance options

Job Skills

Benefit Programs, Critical Thinking, Decision Making, Group Problem Solving, Human Resources (HR), Human Resources Policies, Interpersonal Relationship Management, Long Term Planning, Organizational Change Management

Additional Job Details

Address:

250 NICOLLET MALL:MINNEAPOLIS

City:

Minneapolis

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

HUMAN RESOURCES

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

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.
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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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