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Lead, Vendor Governance

3 months ago

Old Toronto Ontario, CA OMERS Full time

Referred applicants should NOT apply directly to this role.

All referred applicants must first be submitted through Workday by a current OMERS and Oxford employee, and then must apply through the unique link received via their email.

Choose a workplace that empowers your impact.

Join a global workplace where employees thrive. One that embraces diversity of thought, expertise and experience. A place where you can personalize your employee journey to be — and deliver — your best.

We are a purpose-driven, dynamic and sustainable pension plan. An industry leading global investor with teams in Toronto to London, New York, Singapore, Sydney and other major cities across North America and Europe. We embody the values of our 600,000+ members, placing their best interests at the heart of everything we do.

Join us to accelerate your growth & development, prioritize wellness, build connections, support the communities we live and work.

Don’t just work anywhere — come build tomorrow together with us.

The Lead, Third Party Risk Management is responsible for the newly-formalized Vendor Governance Program (Third Party Risk Management) within OMERS in collaboration with key stakeholders, including Business Process Owners, Sourcing, Finance, Data & Technology, Legal, Compliance, Privacy, Internal Audit and Risk. This individual will oversee the process end-to-end; contributing to due-diligence and risk assessment during onboarding, oversee requirements of vendor monitoring and support vendor offboarding. The successful candidate for this role will be part of a dynamic multi-discipline Procurement team focused on maximizing value from OMERS vendor portfolio while managing third-party risk.

The Lead, Third Party Risk Management reports to the Director, Vendor Governance and Procurement Operations within OMERS Corporate Finance team, and will focus on safeguarding OMERS through design and implementation of strong third party risk management and monitoring practices.

This role will be primarily responsible for:

  • Executing the day-to-day activities associated with the Vendor Governance framework such as reviewing all vendor engagements, executing vendor due-diligence activities, assessing vendor risk and ensuring the process abides by our policy. Your input to the process will ensure high data quality, completeness of vendor risk records and that our clients understand potential risk being introduced with new 3rd parties.

  • Executing all ongoing monitor activities, post vendor contracting, to ensure the vendor doesn’t introduce new risk to OMERS after onboarding. This phase of the framework requires collaboration with the extended risk domains and includes activities such as the reassessment of risk, attestation reviews and SOC report reviews.

  • Executing the SOC report review process by engaging with and supporting Business Process Owners and conducting attestation report (e.g. SOC 2) reviews for high risk vendors.

  • Being the point of contact for all matters related to Vendor Governance inclusive of the process, artifacts, reporting, risk domain relationship and associated projects.

  • Contributing to the development, implementation, and continuous improvement of all phases of the framework in alignment with the overall OMERS Vendor Governance Program, policies, guidelines and procedures.

  • Engaging and supporting Business Process Owners in the execution of their respective tasks within the Vendor Governance Program.

  • Coaching, training and providing subject matter expertise for Business Process Owners on the Vendor Governance Program, including development of training and support materials and resources.

  • Centralizing and creating Vendor risk memos for high risk vendors.

  • Coordinating incident & exception identification, reporting, response and mitigation, including escalation and communication, and risk mitigation plans and strategies.

  • Performing analysis, KRI reporting and process reviews to ensure all activities abide by the policies.

  • Coordinating with key cross-functional stakeholders, including Internal Audit, in reviews and evaluation of the Vendor Governance program.

  • Building strong partnerships and relationships with business partners and key vendor risk stakeholders including Finance, Data & Technology, Legal, Compliance, Privacy, Internal Audit and Risk.

  • Developing strong relationships with third-party risk management peers.

To succeed in this role, you have:

  • 3-5 years’ experience in equivalent third-party risk management roles.

  • Experience in reviewing and evaluating attestation reports (e.g. SOC report reviews) and follow up on exceptions and issues.

  • Experience in complex, diverse, corporate business environments collaborating with cross-discipline teams.

  • Experience in Vendor Management.

  • Strong understanding of supply chain risk processes and controls.

  • Post-secondary business degree or equivalent experience and qualifications.

  • Excellent written and verbal communication skills.

And you demonstrate:

  • A people-first focus with a desire to develop meaningful, trusting relationships across all levels.

  • A teammate mentality coupled with servant leadership.

  • A sense of urgency, optimism, and a desire to deliver excellence.

  • A desire to drive debate, to speak candidly and to listen empathetically.

  • Strong orientation towards strategy, change and results.

Existing application environment:

  • Process Unity platform.

  • Oracle Cloud ERP.

  • Refinitiv WorldCheck-One.

  • Contract Lifecycle Management system: Sirion.

As one of Canada’s largest defined benefit pension plans, our people-first culture is at its best when our workforce reflects the communities we live and work — and the members we proudly serve.

From hire to retire, we are an equal opportunity employer committed to an inclusive, barrier-free recruitment and selection process that extends all the way through your employee experience. This sense of belonging and connection is cultivated up, down and across our global organization thanks to our vast network of Employee Resource Groups with executive leader sponsorship, our Purpose@Work committee and employee recognition programs.

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