Vendor Management Specialist

3 weeks ago

Toronto, Ontario, Canada The Toronto-Dominion Bank (Canada) Full time

Job Summary

We are seeking a highly skilled Vendor Management Specialist 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.
  • Monitor and analyze third-party financial health to mitigate risk related to costs and services.
  • Collaborate with internal stakeholders to support business needs, including transition or termination of third-party relationships.
  • Support Lead VMOs in consolidating an enterprise view of third-party relationships, in support of the Accountable Executive.
  • Maintain strong relationships with internal stakeholders, ensuring effective communication and collaboration.
  • Ensure integrity in dealing with third parties, 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.

Requirements

  • Undergraduate degree.
  • 7+ years of related experience.
  • Advanced knowledge of Vendor Management, Business Arrangements, Third-Party Management Lifecycle framework/principles, policies, and procedures.
  • 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 negotiate, influence, collaborate, and effectively communicate to build relationships.
  • Ability to contribute to strategic direction of the function and provide advice to senior leadership.
  • Ability to monitor, analyze, report, and assess adherence, performance, and risk of information, contractual terms, and/or delivery of services.

About Us

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.

Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD 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.

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