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Title:  Senior Manager, Third Party Risk Management

 

 

 

Requisition ID: 67567

 

Join the Global Community of Scotiabankers to help customers become better off.

 

 

 

Purpose of Job

 

The Senior Manager, Third Party Risk Management is responsible for supporting the Director, Third Party Risk Management with directing, implementing and overseeing the integration of effective end-to-end management and governance of Third Party Risk. The incumbent is responsible for providing independent oversight and challenge to first line global procurement services and for developing the methodologies, policies, process, and tools to support the global Third Party Risk Management Framework while meeting supervisory and regulatory expectations.

 

Accountabilities

  • Aids in the development of the Third Party Risk Management Framework including execution of the following individual components:
  • Ongoing review and update of the Third Party Risk Management Framework, ensuring the effective integration of industry best practices and regulatory changes impacting third party risk management and the ongoing alignment of the Framework and related policies to regulatory requirements.
  • Development, coordination, and execution of quality assurance and effective oversight processes. Executes risk-based engagement and monitoring consistent with the Third Party Risk Management Framework, regulatory guidelines, and other relevant enterprise-wide policies
  • Ongoing maintenance and review of tools and methodologies relevant to third party inherent risk and residual risk profiles. Development of risk-based processes and methodologies in accordance with the Bank’s policies, programs, standards, and expectations;
  • Creation and continuous improvement of various third party risk management standards  (e.g., third party incident monitoring templates, SLA monitoring guidelines)
  • Produces robust governance and oversight reporting (for management, executive, and Board requirements) and works with the first line to establish key risk indicators to inform reporting on third party risks. Works with the first line on issues and escalations and to ensure that risk mitigation plans and strategies are effectively implemented.
  • Partners with the first line, and other stakeholders as required, to gain buy-in for various third party risk management initiatives.
  • Provides guidance to and works with the first line of defense in translating third party management requirements into practical considerations. Aids in the facilitation of the third party risk assessment process. Provides subject matter expertise as it relates to TPRM in cross functional discussions on compliance matters, integration, due diligence, and other regulatory requirements.
  • Reviews existing and evolving regulations and industry best practices to enhance the Framework and associated tools/methodologies. Continuously upgrades working knowledge of first line procurement operations and associated processes to aid in the continued enhancement and development of the Framework. Understands the Bank’s risk appetite and risk culture and ensures these are considered and taken into account in day-to-day activities and decisions.
  • Develops communications and training materials relative to third party risk management policies and processes to ensure effective implementation of existing and updated governing policies, processes, etc. Provides training and education to business line and support function stakeholders.
  • Supports the Director, Third Party Risk Management in interactions with internal Audit.
  • Builds strong relationships with internal business partners and external peers to achieve goals.

 

 

Education/Work Experience/Designations

  • Undergraduate degree in business with a focus on accounting or finance; Masters Business Administration (MBA) an asset; Certified Public Accountant (CPA), Certified Financial Analyst (CFA), or other relevant professional designation an asset
  • 5 years’ relevant experience in risk management and third party risk management, including experience in creating inherent and residual risk models

 

 

 

Location(s):  Canada : Ontario : Toronto 

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. We value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.


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