Senior Vendor Risk Specialist

Co-operators; Burlington; On-site; CAD 75,000 - 100,000; Full time

Job summary

A leading Canadian financial services co-operative seeks a Senior Vendor Risk Specialist to enhance vendor management and risk oversight strategies. The ideal candidate will have experience in risk management within financial services and be skilled in compliance and operational efficiency. Join a team that values innovation and collaboration, offering extensive training, flexible work options, and a comprehensive benefits package.

Benefits

Training and development opportunities

Flexible work options and paid time off

Holistic approach to well-being

Paid volunteer days

Comprehensive total rewards package

Qualifications

• 3-5 years of experience in vendor / third party risk management.
• Strong knowledge of OSFI Guideline B-10, B-13 and E-21.
• Ability to draft documentation and presentation deliverables.

Responsibilities

• Advising on vendor oversight responsibilities and developing management plans.
• Conducting audits of Procurement processes for compliance requirements.
• Providing solutions for vendor risk challenges and maintaining documentation.

Skills

Critical thinking

Communication

Team collaboration

Education

Bachelor's degree or equivalent experience

Job description

Employment Type : Temporary Full-Time (18 months)

Language : This role operates in English.

Additional Information : This / these role(s) is / are currently vacant

The Opportunity :

We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That’s why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients, and our communities.

Our national Procurement team aspires to provide support and expertise to our business partners to enable their success. We think innovatively and work collaboratively to deliver flexible and sustainable solutions and are committed to adding value beyond expectation.

As the Senior Vendor Risk Specialist, you will be responsible for maintaining visibility of vendor engagements and associated risks to support the company with risk management tasks. You will provide advice, guidance and support to business areas navigating through policies, communications, and oversight tasks while reporting, monitoring and escalating risks that are outside risk tolerance.

How you will create impact :

• Advising business areas on vendor oversight responsibilities, develop vendor management plans, and support risk mitigation options.
• Educating and communicating topics related to Vendor Risk Management including, collaborating with stakeholders to proactively review risk mitigation tactics.
• Administering data repository content and processes, satisfying all reporting requirements and assisting with maintenance of policy related documents.
• Providing solutions and recommendations for vendor risk related challenges to support the business areas.
• Conduct regular audits of the Procurement processes to assess adherence to the established procedures, policies, and compliance requirements.
• Identify gaps or areas for improvement and provide actionable recommendations to enhance operational efficiency and compliance.
• Maintain documentation of audit processes, findings, and follow-ups for accountability and future reference.

How you will succeed :

• You have an innovative mindset to improve operational efficiencies and ability to influence change, with a primary focus on client needs.
• You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions and proactively propose solutions.
• You have strong communication skills to clearly convey messages and explore diverse points of view.
• You build trusting relationships and provide guidance to support the development of colleagues.
• You are a self starter, and you have the willingness to learn and grow.
• Ability to work independently and collaboratively in cross – functional teams.

To join our team :

• You have 3-5 years of experience in vendor / third party risk management, operational risk management, audit, contract management or in a related field preferably in the Financial Services industry. You have 2 years of experience with control testing.
• You have strong knowledge of OSFI Guideline B-10, B-13 and E-21.
• You have expert knowledge on how to review System and Organization Controls Report.
• You have demonstrated ability to draft documentation and presentation deliverables such as standards, procedures, management reports, and presentation decks.
• You have strong working knowledge of vendor risk assessment and mitigation.
• Having the Supply Chain Management Professional (SCMP) designation, Canadian Risk Management (CRM) designation, the Certified Risk Management Professional (CRMP) certification, the Certified Third Party Risk Professional (CTPRP), Chartered Professional Accountant (CPA) designation or Certified Internal Auditor (CIA) designation is an asset.
• Knowledge of ISO 27001 / 27002 standard, NIST Framework considered an asset.

What you need to know :

• You will travel occasionally.
• You will be subject to a background check as a condition of employment, in the event you are the successful candidate.

What's in it for you?

Training and development opportunities to grow your career.

Flexible work options and paid time off to support your personal and family needs.

A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.

Paid volunteer days to give back to your community.

In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (, health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.

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