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Manager, Procurement Governance and Compliance

2 months ago

Waterloo, Canada Manulife Full time

The Manager, Procurement Governance will have a strong understanding of relevant risk management principles and best practices. The role is accountable for monitoring compliance to the Company’s Third Party Risk Management Standard. As a subject matter expert, the incumbent is expected to contribute to development and delivery of relevant policies, processes and tools. In this capacity, the incumbent must be skilled in influencing others to assess and monitor vendor risk. The incumbent will also be accountable to respond to internal and external audit and regulatory requests and will develop and deliver third party risk reporting based on a broad set of metrics.

Responsibilities

  • Participate in strategic planning and team decisions and committees.
  • Ensure completion and compliance for all activities related to regulatory governance. Act as a subject matter expert on regulatory requirements relating to vendor risk management.
  • Perform data aggregation, data analytics and reporting activities. Provide and maintain vendor risk reporting mechanisms, and track and report outcomes from vendor management activities. Collect, organize, and distribute reports and documents and recommend enhancements to reporting and audit tools.
  • Aggregate key risk metrics and performance metrics and provide to the Strategic Procurement Office for reporting to the Enterprise Risk Committee, Operational Risk Committee and Board Risk Committee.
  • Ensure follow-on reporting and monitoring on third party related issues and corrective action plans.
  • Escalate vendor risk issues and compliance problems that have not been adequately addressed.
  • Support development and execution of a robust communication and training plan to facilitate the effective awareness and application of the Global Procurement and Third Party Management Standard.
  • Stay informed about the latest developments in the vendor risk management field.
  • Perform any other job-related instructions, as requested, with reasonable accommodation.

What we are looking for

  • Undergraduate degree (business preferred).
  • 5+ years of progressive business experience, preferably including procurement, vendor management and/or risk management.
  • Familiar with Manulife’s business operations, strategies and financial environment.
  • Working knowledge of regulatory requirements relating to management of third party outsourcing in the jurisdiction in which Manulife operates.
  • Working knowledge and application of industry vendor risk management principles and vendor risk analysis and governance best practices.
  • Problem analyzer and decision maker – effectively searches and uses industry and market insights; able to assimilate, synthesize, and present complex information in a value-added form; attention to detail; evaluates feasibility and practicality of ideas and options.
  • Ownership and makes informed and timely decisions.
  • Proven innovator – expert in identifying and implementing change management and business process transformation; consistently challenges the status quo; takes balanced risks to promote growth of ideas; comfortable in high pressure environments.
  • Team builder – builds strategic partnerships with internal clients and vendors; builds buy-in and engagement with key stakeholders.
  • Skilled communicator – communicates complexity with clarity and ease; articulates a clear view of concepts, ideas, and objectives; able to interface with different stakeholders at all levels; represents the company externally with confidence; skilled in both oral and written communication.

What can we offer you?

  • A competitive salary and benefits packages.
  • A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
  • A focus on growing your career path with us.
  • Flexible work policies and strong work-life balance.
  • Professional development and leadership opportunities.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit our story.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals.

Primary Location: Toronto, Ontario

Working Arrangement: Hybrid

Salary range is expected to be between: $84,375.00 CAD - $151,875.00 CAD

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