Risk Management Associate

1 month ago


Old Toronto, Ontario, Canada Sun Life Financial Full time
AVP, Third Party Risk Management

At Sun Life Financial, we are seeking a highly skilled and experienced AVP, Third Party Risk Management to join our team. As a key member of our Risk Management department, you will be responsible for overseeing the Third-Party Risk Management program, ensuring that it is aligned with our company's risk appetite and strategy.

About the Role

The AVP, Third Party Risk Management will be accountable for maintaining the Third-Party Risk Management program, including updates to the policy and enterprise operating guidelines. You will lead the review and oversight alignment of third-party risk governance documents established by Sun Life subsidiaries and joint ventures. Additionally, you will develop, maintain, communicate, and oversee Sun Life's third-party risk appetite statements.

Key Responsibilities
  1. Lead the maintenance and ongoing enhancement of the Third-Party Risk Management Program, including updates to the policy and enterprise operating guidelines.
  2. Lead the review and oversight alignment of third-party risk governance documents established by Sun Life subsidiaries and joint ventures.
  3. Develop, maintain, communicate, and oversee Sun Life's third-party risk appetite statements.
  4. Provide second-line oversight and challenge as Policy Contact Third Party Risk Management Framework.
  5. Manage a team that works closely with Business Group Risk Office members and 1st line operational risk personnel in the assessment of risks and effective roll-out of program changes.
  6. Oversee the quarterly and annually TPRM reporting presented to senior management and the Risk Committee.
  7. Develop, maintain, and implement various tools meant to identify, measure, manage, monitor, and report on Third-Party risks.
  8. Provide advice into strategic decisions and program improvements related to the Third-Party Risk Management program.
  9. Provide oversight of Sun Life's implementation of various third-party risk management program elements.
  10. Establish, maintain, and continually enhance the oversight and monitoring frameworks with respect to the TPRM program.
  11. Leverage business and industry acumen and assess complex third-party risk issues to guide solution recommendations and mitigate third-party risk.
  12. Design and implement solutions to remain aligned with regulatory requirements.
  13. Monitor and benchmark Sun Life third-party risk practices against industry standards and best practices.
  14. Maintain TPRM system (ServiceNow).
Requirements
  1. Bachelor's degree in Business, Management, Finance, Engineering, or a relevant field.
  2. Professional designation and/or graduate degree.
  3. Over 12 years' experience in the Financial Services industry, preferably in risk management.
  4. Technical third-party risk management knowledge required.
  5. Experience implementing and maintaining a Third-Party Risk Management system.
  6. Direct third-party risk management experience within a major Federally Regulated Financial Institution, preferably in a methodology and/or reporting function.
  7. Strong writing skills and direct experience writing policies and guidelines.
  8. Understanding of products, practices, and third-party risks.
  9. Effective communication, negotiation, and conflict management skills.
  10. Effective change management, through impact and influence skills.
What's in it for you
  1. Being a member of the Sun Life Financial family, a group of people united by our Purpose: to help Clients and Employees achieve lifetime financial security and live healthier lives.
  2. We are a leader in sustainability, ranked among the top 100 most sustainable global corporations by Corporate Knights for the 15th consecutive year.
  3. We are committed to diversity and inclusion, and we strive to create a flexible work environment where our employees are empowered to do their best work.


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