Enterprise Vendor Portfolio Relationship Manager

Enterprise Vendor Portfolio Relationship Manager (Third Party Risk) Join to apply for the Enterprise Vendor Portfolio Relationship Manager (Third Party Risk) role at Workplace Safety and Insurance Board (WSIB) About The Workplace Safety And Insurance Board (WSIB) We’re here to help. When an injury or illness happens on the job, we move quickly to provide wage-loss benefits, medical coverage and support to help people get back to work. Funded by businesses, we also provide no-fault collective liability insurance and access to industry-specific health and safety information. We are one of the largest insurance organizations in North America covering over five million people in more than 300,000 workplaces across Ontario. For more information, visit wsib.ca. At The WSIB, You’ll Have The Opportunity To: Explore many career paths and follow your passion. Continuously learn and grow professionally. Be recognized for the great work you do. Participate in programs that support your health and wellbeing. You’ll also receive a competitive salary and may be eligible to participate in our health and dental plan. This is a up to 12 month contract opportunity with the WSIB. Salary From: $100,101.59 Job Summary: Are you passionate about identifying third party risks and building strong relationships by monitoring vendor performance, mitigating emerging risks all while driving strategic improvements? If yes, we have an exciting opportunity within Strategic Sourcing & Vendor Services for a Enterprise Vendor Portfolio Relationship Manager (EVPRM). If you are a detail oriented and a self-starter with a strong background in third party risk, vendor management and regulatory compliance this role offers an exciting opportunity for you The role is responsible for Enterprise-wide development, implementation and coordination of framework elements for Third Party Risk & Vendor Management functions in Vendor Performance Improvement (VPI) initiatives, Vendor Performance Reporting (VPR), and Vendor Performance Management (VPM); by serving as a subject matter expert and engaging collaboratively with external Vendors, Business Areas, and Strategic Sourcing; including managing highly strategic projects. Major Responsibilities: Lead, develop and create the engagement strategy for the vendor portfolio to ensure proper cadence to drive successful outcomes. Work with internal WSIB teams in all Ontario offices to integrate vendor management requirements into their methodologies and disciplines (e.g., performance, adherence to SLA/SLOs KPIs). Develop annual strategic plan for vendor portfolio and implement strategic direction across all relevant business units. Collaborate with Strategic Procurement staff and management to ensure vendor management framework (VMF) approaches and practices are incorporated into Strategic Procurement activities. Assist/support with managing cross-cluster vendor relationships to align with the business' strategic goals and objectives, understanding and reconciling competing priorities and evolving business requirements. Review and work with business areas on vendor performance against agreed service levels by utilizing vendor scorecards and assessments to ensure the prompt and thorough resolution/escalation of performance issues, understanding/managing risks associated with customer-facing activities. Identify synergies, seek continuous improvement opportunities and implement initiatives to drive service delivery optimization, savings, pursue efficiencies, lower risk and increase capacity. Ensure that knowledge transfer occurs for consistency and business continuity, by developing knowledge of marketplace and industry developments pertaining to vendor relationship(s), category and business requirements. Lead and manage the application of the VMF to the vendor portfolio with the utilization of the two primary verticals of the VMF, contract management and vendor relationship management. Conduct vendor segmentation exercises on the vendor portfolio to determine the current and future disposition, in collaboration with business areas/stakeholders. Act as a neutral party within the organization in the resolution of inter-Business Area disputes or Business Area/Vendor disputes concerning evaluations. Provide guidelines and process for the execution of incentives and consequences. Provide leadership, where required, on Partner management and contract management activities such as legal reviews, risk assessments, warranty claims, contract segmentation, regulatory, Finance, procurements, development of contract scorecards and response plans for contract and Strategic Partner risks. Work collaboratively with the Manager of Procurement Analysis and Reporting to ensure high quality work product through VMF/Procurement data and information stewardship. Organize, assemble and chair regular meetings with internal business areas and external vendors to review service delivery, contractual commitments, compliance, terms and vendor governance. Participate in the strategic planning and vendor analysis drawing on knowledge of the supply market from previous partner analysis by drawing on knowledge of the supply market and previous vendor management experience. Prepare reports for strategic vendor performance tracking related to contract compliance, performance metrics (e.g., SLA, SLO, KPI), internal customer surveys, risk program, dashboards and through ad-hoc feedback from business areas. Ensure vendor risk management and governance oversight for vendors is achieved by ensuring contractual agreements are adhered to. Act as a champion for the VMF both internally and externally, championing a VMF culture that is rooted in reciprocal benefit, mutual trust, transparency, and accountability that provides the means to develop a symbiotic ecosystem by which it can be maintained and sustained to ensure mutual success. Working with the Procurement Contracts Specialist and Procurement Coordinator, monitor service credits &/or penalties against vendor performance in accordance with contractual commitments, and review negotiated rates, rebate programs and volume thresholds against aggregated spend, invoice charges, and financial commitments. Create and conduct regular financial retrospectives to review vendor invoices and facilitate the resolution/escalation of invoice or credit abnormalities in accordance with the contract terms and conditions. Responsible for the continuous application of financial/contract analytics to provide information for annual budgets and identify any cost reduction opportunities. Job Requirements: Education: University degree in a relevant field. Prefered certifications: MA in Political Science, Social Studies (or equivalent), ICAAM Vendor Management certificate, Licensed Paralegal, SRMP, Six Sigma, Paralegal, PMP, SCMP, Designation certification in vendor management. Experience: 5–7 years of relevant experience in vendor/customer relationships. Preferred: 7 years at a leadership level in a vendor/customer relationship role. Our commitment to equity, diversity and inclusion: We respect and value the diversity of our people. We strive to create an environment where employees can be themselves and where our differences are celebrated. We value and celebrate diversity and are committed to creating inclusive experiences for both our employees and prospective employees. If you require accommodations in order to apply to this position please contact talentacquisitioncentre@wsib.on.ca. Disclosing conflicts of interest: Employees at the WSIB have a responsibility to act in an ethical way at all times to create a respectful workplace and maintain public trust. Job applicants are required to disclose any circumstance that could result in a real, potential or perceived conflict of interest. For assistance, contact the Talent Acquisition Centre at talentacquisitioncentre@wsib.on.ca. Privacy information: We collect personal information from your resume, application, cover letter and references under the authority of the Workplace Safety and Insurance Act, 1997. The Talent Acquisition Centre and WSIB hiring parties will use this information to assess/validate your qualifications, determine if you meet the requirements of vacant positions and/or gather information relevant for recruitment purposes. To apply for this position, please submit your application by the closing date. This role requires the successful applicant to commit to an in-office work arrangement up to 5 days a week beginning in 2026. #J-18808-Ljbffr