Teamrecruiter.com Inc Looking for Risk Analyst (Governance) at Toronto, Ontario Full Time

ROLE MANDATE:
The Global Third Party Risk Management (GTPRM) team has a mandate to proactively identify, assess, monitor and mitigate risk associated with our third party and outsourcers through defined governance practices. The team is a first line of defense function that drives the identification and management of third party risks across the Enterprise through governance and oversight of the first line of defense supplier managers across the LOBs.

The GTPRM team leads the LOB in the engagement and management of third parties as well as in their identification and management of third party risks. They leverage the enterprise Operational Risk Management (ORM) Framework through third party lifecycle which includes ongoing, independent activities for monitoring and reporting on third party risks at all stages of a third party relationship throughout the enterprise. These outcomes drive shareholder value, continuous improvement to the customer experience, and risk mitigation.

As an integral member of the GTPRM team, the Associate Risk Advisor is accountable to assist with the review, and monitoring of third party engagements. The Associate Risk Advisors provides guidance and counsel to the business on established arrangements, helping the business to manage its risks and make strong decisions on third party arrangements. They will provide support associated with development, implementation and management of third party governance strategy, framework, policies, standards, guidelines and tools that enable compliant governance and management of the Financial Group’s key third parties and outsourcers globally.

ROLE RESPONSIBILITIES (including but are not limited to):
1. Business Delivery and Operational Excellence
• Assist in the review and monitoring of third party engagements through the third party lifecycle
• Provides risk advisory services and guidance to the business using a risk based approach to optimize third party performance and enable consistent and efficient management according to business criticality and assessed level of risk
• Maintains current knowledge of the TPRM Framework, TPRM Program, CORM Framework, standards, policies, regulatory requirements and emerging Risk Management trends
• Provides assistance with the independent oversight and management of outsourced activity, effective third party risk management and governance practices
• Challenges the business to ensure appropriate actions are underway to mitigate identified operational risk exposures commensurate with the Third Party Lifecycle
• Assist with the (re)development and ongoing enhancements of risk-centric, scaled third party governance strategies, policy, framework, standards, processes, tools and systems
• Identify change management activities and continuous improvement updates for infrastructure and processes in support of enterprise third party management

2. Governance and Risk Management
• Assist with the independent oversight in the management of risk and minimize losses through monitoring and controlling various reports and taking appropriate action, ensuring compliance requirements, audits and verifications are completed
• Support the TPR RSA function and GTPRM Risk Advisors with the review and follow up of outstanding SEMS programs
• Support GTPRM Risk Advisors with designated SEMS portfolio

3. Relationship Management
• Build, sustain and leverage relationships with individuals within his/her area of immediate responsibility
• Maintains knowledge of business changes and strategies to identify third party risk and recommend appropriate action and controls
• Interaction with external business partners and stakeholders

4. Potential into Performance
• Maintain current knowledge of overall TPRM Framework, TPRM Program, methodologies, standards for all third party risk assessments and governance activities
• Align individual performance goals to team and organizational goals
• Develop and implement an annual Performance Planning & Assessment and career development plan in alignment with Procurement learning strategy
• Demonstrate behaviors that are consistent with “Being” model and aligned with the bank values

QUALIFICATIONS:
1. Education and Knowledge
• Expertise in Third Party Life Cycle methodology
• Knowledge of third party governance and management, operational risk, financial services regulatory, audit, compliance, security requirements and trends

2. Experience
• 3+ years of third-party risk management experience
• Proven track record of concurrently leading multiple complex and matrixed projects using internal and external resources
• Previous experience interacting with multiple parties

3. Skills
• Outst