Manager, Third Party Risk

EQ Bank | Canada's Challenger Bank; Toronto; Hybrid; CAD 120,000 - 170,000; Full time

Benefits offered by this job

Competitive bonus

RRSP match program

Medical, dental, vision, life, and di​

Employee Share Purchase Plan

Maternity/Parental top-up

Generous vacation policy and personal

Virtual events to connect with yourcol

Career Development program

Opportunity to join a top FinTech

Job summary

EQ Bank in Toronto is seeking a Manager, Third Party Risk to lead our TPRM program and ensure robust oversight across OSFI guidelines. You will collaborate with risk, compliance and tech teams to identify, measure, and report third-party risks while helping build resilient operations.

This hybrid role includes in-office days at 2200-25 Ontario Street and offers growth through our risk-management programs and professional development opportunities.

Qualifications

• 3-5 years of experience in Third Party risk management, operational resilience, business continuity/disaster recovery.
• 5-7 years of experience in an operational risk oversight role in a financial institution.
• Undergraduate degree in finance, economics, business administration or technology is an asset
• Knowledge of risk management, compliance matters, corporate governance and control frameworks.
• Strong analytical and quantitative skills and problem-solving abilities.
• Strong written and verbal communication skills with presentation abilities.
• Knowledge of OSFI Guidelines B-10, B-13 and E-21 and regulatory expectations.
• Proficiency with Microsoft Copilot and the ability to leverage AI tools.

Responsibilities

• Ensure the Third-Party Risk Management process is executed in accordance with the TPRM Policy.
• As the 2nd Line of Defence, participate in oversight reviews and assessments related to third party triages and due diligence.
• Support operational procedures and tools that assist TPRM implementation and reporting.
• Contribute to risk program roadmaps, resilience, standards, and governance reporting.
• Support risk identification tools such as NIRA, RCSA, and third party assessments.
• Prepare and support TPRM reporting for management and governance forums.
• Provide oversight to the business through assessments and remediation tracking.
• Assist with reviews/investigations of operational risk events.
• Manage the delivery of training to relevant employees.

Skills

Third Party Risk

Operational resilience

Regulatory knowledge

Analytical skills

Communication

Project management

Education

Undergraduate degree in finance, economics, business administration or technology

Tools

Microsoft Copilot

AI tools

Job description

Join a Challenger

At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions. We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences. What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward. If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. We can’t wait to get to know you!

The Work

The Manager, Third Party Risk supports the development and ongoing execution of a strong operational risk management program across Equitable Bank and provides independent oversight and effective challenge (as the second line of defence) to ensure the Bank operates within its established operational risk appetite.

The Core Responsibilities

The Manager, Third Party Risk role supports the advancement of risk management practices related to third party risk and the interconnections to change management, operational resiliency, business continuity, crisis management and technology and cyber in support of regulatory requirements OSFI B10, OSFI B13, and OSFI E21 guidelines.

• Ensures the Third-Party Risk Management process is executed in accordance with the TPRM Policy and promotes organizational awareness of TPRM requirements and principles.

• As the 2nd Line of Defence, participates in oversight reviews and assessments related to third party triages, due diligence, quality reviews, annual attestations and other control activities where required.
• Supports operational procedures and tools that assist the implementation of Third Party Risk Methodologies ensuring effective processes to identify, measure, manage, monitor and report on Third Party risks.

• Contributes to the enhancement of Operational Risk programs including, all aspects of the Third Party risk roadmap, Operational Resilience roadmap, and supporting methodologies, mechanisms, standards, reporting and operating procedures.
• Supports the use of risk identification tools such as the new initiative risk assessment (NIRA), the Risk and Control Self-Assessment (RCSA), third party risk assessments and issues management.
• Prepares and supports TPRM reporting, including analysis of key risk indicators, trends, issues and other third‑party risk information for management and governance forums.
• Provides oversight to the business through assessments, ensuring remediation / action plans are appropriately addressed, monitored, reported and escalated, as necessary.
• Assists with reviews/investigations and reports for operational risk events and/or incidents.
• Manage the delivery of training to relevant employees within the business and /or critical business service to ensure they are familiar with their roles and responsibilities

Let's Talk About You

• 3-5 years of experience in Third Party risk management, operational resilience, business continuity/disaster recovery
• 5-7 years of experience in an operational risk oversight role in a financial institution.
• Undergraduate degree in finance, economics, business administration or technology is an asset
• Knowledge of risk management, compliance matters, corporate governance and control frameworks.
• Strong analytical and quantitative skills and problem-solving abilities. Strong attention to detail.
• Strong written and verbal communication skills coupled with meeting facilitation abilities and good presentation skills.
• Good organizational, project and time management skills to efficiently deliver concurrent projects with competing priorities.
• Knowledge of OSFI Guidelines B-10, B-13 and E-21, with the ability to interpret and apply regulatory expectations.
• Proficiency with Microsoft Copilot and the ability to leverage AI tools and develop AI agents to improve processes and productivity.

What we offer [For full-time permanent roles]

• Competitive discretionary bonus
• Market leading RRSP match program
• Medical, dental, vision, life, and disability benefits
• Employee Share Purchase Plan
• Maternity/Parental top-up while you care for your little one
• Generous vacation policy and personal days
• Virtual events to connect with your fellow colleagues
• Professional development and comprehensive Career Development program
• A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from EQ Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON.

Equity, Diversity & Inclusion

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger — and our people thrive — when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both professionally and personally.

We provide a barrier‑free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role. EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank™. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration. To learn more, visit eqb.investorroom.com and eqbank.ca.