Director, Third Party Risk Management

Director, Third Party Risk Management page is loaded## Director, Third Party Risk Managementlocations: Toronto, Ontariotime type: Full timeposted on: Posted Todayjob requisition id: JR00120215You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.**Job Description:**We are seeking a **Director, Third-Party Risk Management (TPRM)** to join our **Second Line of Defence** oversight function. This role provides independent review, challenge, and guidance across the full TPRM lifecycle, ensuring that third‑party arrangements align with enterprise risk appetite, regulatory expectations, and internal policy.The incumbent will play a key leadership role in strengthening our TPRM framework, advancing oversight maturity, and embedding responsible AI risk practices into third‑party governance.Please note this is a hybrid role located at our Toronto One York office. In-person attendance is flexible, typically 1 - 2 days weekly.**What will you do:***Second Line Oversight & Challenge** Provide **independent review and effective challenge** of First Line TPRM activities across inherent risk assessments, criticality assessments, due diligence, and ongoing monitoring, consistent with expectations* Assess completeness, appropriateness, reasonability, and effectiveness of First Line controls and ensure documentation is retained for audit and regulatory review* Oversee the escalation of significant control deficiencies or deviations from the TPRM Policy and Enterprise Operating Guideline (EOG).* Partner with Business Group Risk Officers (BGROs) and Corporate Operational Risk to ensure clarity of roles and adherence to the three‑lines‑of‑defence model*AI, Technology & Emerging Risk Leadership** Support the adoption of AI to enhance existing third party due diligence.* Help develop a roadmap for the incorporation of AI to facilitate proactive third party risk management.*Framework, Policy & Reporting** Contribute to ongoing enhancements to the TPRM Policy, Standards and EOGs, building on responsibilities and evolution* Lead enterprise-level reporting on third‑party risks, KRIs/KPIs, issues, and trends for senior management, the Operational Risk Committee, and the Board.* Support alignment with regulatory requirements (e.g., OSFI B‑10, emerging AI regulation).*Stakeholder Engagement & Advisory** Provide judgement‑based guidance where interpretation of policy or risk appetite is required.* Drive continuous improvement in TPRM processes, tools, and user experience.*Leadership & Team Development** Provide coaching and mentorship to TPRM practitioners and analysts across the enterprise.* Strengthen organizational capability in third‑party and AI risk management through training and knowledge‑sharing.**What do you need to succeed:*** 8–12+ years in Third‑Party Risk Management, Operational Risk, Vendor Risk, or a related discipline.* Experience in a **Second Line of Defence** or oversight function strongly preferred.* Deep understanding of TPRM frameworks, risk assessment methodologies, and regulatory expectations (including OSFI B‑10).* Demonstrated expertise in technology and **AI risk management**, including model governance, data ethics, and operational resilience.* Strong ability to provide effective challenge while maintaining constructive relationships.* Excellent analytical, problem‑solving, and communication skills.* Professional designations or certifications (e.g., CIA, ORM, CISA, CISSP, AI governance credentials) are an asset.The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other factors. In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our Clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.Persons with disabilities who need accommodation in the application process, or those needing job postings in an alternative format, may e-mail a request to thebrightside@sunlife.com.We are proud to be a hybrid organization that offers our employees the choice and flexibility to work from both the office and virtually based on the needs of the business, our Clients and you Several work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.We may use artificial intelligence to support candidate sourcing, screening, interview scheduling.We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.**Salary Range:**110,000/110 000 - 180,000/180 000**Job Category:**Risk Management**Posting End Date:**17/02/2026**Shine together**At Sun Life, you can be your most brilliant self. Our supportive, flexible, and inclusive work environment is one where you – and your career – can thrive. Whatever your aspirations, collaborative leaders and colleagues are ready to help you learn, grow, and succeed.**Make life brighter**We’re a global company with a passion for people. Our purpose is to help Clients achieve lifetime financial security and live healthier lives. As a team of 30,000 across 26 countries, our impact is far-reaching, and locally relevant There’s power in numbers. As part of Sun Life’s growing team, you have an impact on people in your community and around the world.**Shape the future**With an optimistic eye on a brighter future, we drive to innovate. Be part of leading change, push boundaries and try new ways of working. Use data to drive bold actions. Be agile and pivot as we test and learn. At Sun Life, we’re driving transformation, sustainability and innovation for our Clients, employees, partners, and communities. Join us. Together, we can make the future brighter.Join a top employer for a brighter future. Visit
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