Third Party Risk Management Lead

As a member-owned cooperative, we’re helping our members with their real goals and real challenges so they can live the real life they want. It’s what we’ve been doing for over 80 years, and it’s why today we stand almost 600,000 members strong. Plus, we invest 10% of our budgeted profits back into our community - almost $90 million since 2000 alone - because when our members do well, we believe our communities should do well too.

Third Party Risk Management Lead

**Location**: Help Headquarters**Job Type**: Full Time**myWork Options**: In-person, Remote, Hybrid**What's the job?**What you'll get to do**:

- Conduct/ Validate the Inherent Risk Assessment for vendor engagements, and preliminary information security, finance and privacy assessments.
- Identify the Triage and determine the appropriate type and frequency of due diligence
- Conduct the risk assessment in collaboration with all the relevant stakeholders and present the findings to the business owners
- Ascertain the residual risk rating and facilitate the approval process when required.
- Implement, socialize, and continually improve third-party governance with internal and external stakeholders.
- Ensure compliance with applicable requirements and guidelines for third-party risk management with regulatory bodies (OSFI/ AMLATF/BASEL)
- Responsible for creating, storing and updating a centralized vendor repository, including vendor profiles, artifacts, risk assessments and contract obligations within the risk assessment tool.
- Support updating policies/guidelines/frameworks for identification, control and reporting of 3rd Party Risks and SLAs to be in sync with Enterprise Risk Management Frameworks, Policies and Guidelines.
- Leverage risk register to track, monitor and update risks and controls
- Create, review and maintain policies, frameworks, and SSS operating procedures related to Vendor Management, Outsourcing and third-party risk management. Ensure enterprise compliance with policies and procedures.
- Manage the evaluation of suppliers through the development, production and analysis of appropriate portfolio monitoring tools and reports.
- Support transformation activities for the team and collaborate with Sourcing Leads to achieve the overall Team objectives.
- Performed within approved guidelines prescribed by supervisor/policy. Exercise independent judgment in selecting and interpreting information, reconciling deviations from standard methods and resolving problems.

**Who You Are**:

- Minimum 4 - 6 Years of Job-Related Experience and 4+ years' experience in Audit, Third Party Risk Management, Information Security and Privacy. 1-2 Experience creating policies and standard operating procedures. Risk management experience in the Banking/ Financial Services industry is an asset.
- Bachelor's Degree in Business, Economics or a related discipline. A certificate or designation in risk management, Information security and Privacy Risk is an asset.
- Good understanding of end-to-end Third Party Risk Management process
- Excellent knowledge of Microsoft Office, including PowerPoint, Word, Excel & SharePoint.
- Experience with any leading third-party risk assessment tools/ technology would be preferable
- Excellent Stakeholder Management and communication skills

**Equity, Diversity & Inclusion at Coast Capital**-
Why join Coast Capital?

**Purpose is our North Star.**

We look at everything through our purpose. It informs the advice we provide our members, the experiences and products we create, and the programs we build to support our employees and communities.

**Committed to inclusion and engagement.** We have an ongoing focus on equity, diversity, and inclusion and routinely track how we’re doing, and what we need to do to keep improving. We foster a culture where everyone can feel safe to be who they really are and thrive.

**A career that grows with you.** We believe in developing our people and promoting from within. Many employees have spent decades, and sometimes their entire careers, with Coast Capital and have progressed from the frontlines to senior leadership.

**Work where you’re most effective.** In 2020 the world changed, and that includes how we work. In response to COVID-19 we launched myWork, which gives employees flexibility in where they work based on the nature of their role.

**Benefits that flex to the needs of you and your family.** We offer comprehensive, customizable benefits for you and your family, so you can choose what fits best for you and your lifestyle.

**Retirement options.** We also take care of our employees once they retire. That’s why we offer the choice of a defined contribution or defined benefit pension plan or RSP’s.

**Mortgage and auto financing benefits. **Employees save thousands on their mortgages and auto loans with best-in-category benefits.

**Real recognition.** We recognize excellence throughout the year, through an online community that lets employees give kudos and thanks