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Vendor Management Specialist
2 months ago
We are seeking a highly skilled Vendor Manager II to join our team at The Toronto-Dominion Bank (Canada). As a key member of our organization, you will be responsible for managing third-party relationships, ensuring compliance with regulatory requirements, and driving business growth.
Key Responsibilities- Manage third-party relationships through all stages of the Third-Party Management Lifecycle (TPML), ensuring alignment with relevant frameworks, policies, and standards.
- Initiate intake via a Sourcing Request and follow the Third-Party Risk Assessment (TPRA) process.
- Set up and onboard third parties post-contract execution, including the implementation of governance structures and interaction models between key stakeholders.
- Understand financial terms of business arrangements and monitor third-party financial health to mitigate risk related to costs and services.
- Collaborate with internal stakeholders to support business needs by delivering transitions or terminations of third-party relationships.
- Support Lead Vendor Management Officers (VMOs) in consolidating an enterprise view of relationships with third parties in support of the Accountable Executive.
- Maintain strong relationships with internal stakeholders, ensuring integrity in dealing with third parties and complying with TD's Expense Policy, Enterprise Procurement Policy, Vendor Management Policy, and Code of Conduct and Ethics.
- Focus on continuous improvements to facilitate entering into third-party business arrangements and promote effective delivery.
- Undergraduate degree.
- 5+ years of related experience.
- Proficient knowledge of Vendor Management, Business Arrangements, Third-Party Management Lifecycle framework/principles, policies, and procedures, systems, products/services, product research, assessment & reporting, competitive intelligence, negotiation tactics, and/or regulatory requirements.
- Knowledge of current and emerging competitor and market trends.
- Knowledge of Risk Management environment, standards, and regulations.
- Knowledge of budgetary management principles/practices/procedures.
- Ability to communicate effectively in both oral and written form.
- Ability to work collaboratively and build relationships.
- Ability to monitor, analyze, report, and assess adherence, performance, and risk of information, contractual terms, and/or delivery of services.
The Toronto-Dominion Bank (Canada) is one of the world's leading global financial institutions, delivering legendary customer experiences to over 27 million households and businesses in Canada, the United States, and around the world. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities, and colleagues.
We are committed to providing a Total Rewards package that reflects our investments in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Our Total Rewards package includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.
