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Third Party Risk Manager

3 weeks ago

Toronto, Ontario, Canada Robert Half Full time

A role you will love. This role demands strong cross-functional collaboration—you'll act as a bridge between Procurement, Risk, Legal, Compliance, InfoSec, and business stakeholders, ensuring transparency and alignment. You'll participate in virtual due diligence reviews with vendors, lead process improvements across the vendor management lifecycle, and manage a growing team to deliver consistent, high-quality results. If you're passionate about protecting organizational integrity while driving operational excellence, this is your chance to make a global impact.

About the Role

Key Responsibilities:

  • Improve upon on-boarding and regular assessments process, including tracking of cycles and reporting status
  • Work collaboratively with cross-functional teams (e.g. InfoSec, Assurance, Privacy, etc) to ensure appropriate compliance with all regulatory requirements as part of the due diligence review
  • Conduct assessments for new and existing third-party relationships, focusing on areas key risk areas
  • Establish and maintain a risk register to document, track, and report on identified risks and mitigation strategies.
  • Train internal stakeholders on third-party risk management policies, tools, and best practices to foster a risk-aware culture.
  • Provide input to governance and reporting processes, clarifying accountability and ensuring leadership is informed of key risks and compliance issues.
  • Implement process improvements to supplier onboarding procedures, ensuring alignment with regulatory requirements and conducting thorough due diligence and risk assessments.
  • Manage the end-to-end supplier life cycle with COE Procurement Peers and Stakeholders

Qualifications

What will you bring to the role? We are a global business with an entrepreneurial spirit, and we are proud of that. What that comes with is a fast-paced environment and lots of change so you will be resilient in nature and able to adapt quickly and embrace the pace of change we often work under.

Required Skills

  • Extensive years' experience with performing due diligence assessments
  • CTPRP certification or equivalent TPRM certification
  • Project management qualification – or significant experience in this field

Preferred Skills

  • In depth understanding of procurement policies, compliance requirements and regulatory frameworks such as OCC, OSFI, FAC etc.
  • Industry certification such as CTCRP or CTRPA, ABPMP, FCIPS, CIPS, or CPSM, or Six-Sigma
  • Bachelor's degree in business
  • Strong in years assessment experience and/or TPRM experience