Principal Associate, Third Party Management

Capital One; Toronto; On-site; CAD 80,000 - 100,000; Full time

Benefits offered by this job

Work From Home allowance

Mental health coverage up to $3,000

Tuition subsidies up to $5,000 per year

Job summary

A leading financial services provider in Toronto is seeking a Principal Associate for Third Party Management. This role involves managing third party relationships, ensuring risk management adherence, and making strategic decisions based on market insights. The ideal candidate will have over 5 years of experience in third party management and demonstrated negotiation skills. This position offers a hybrid work environment and comprehensive benefits.

Qualifications

• 5+ years of experience in third party management within the financial industry.
• 5+ years experience working in a cross-functional environment.
• Strong market knowledge in sourcing and supplier management relevant to credit card business.

Responsibilities

• Serve as the primary third party manager for an assigned portfolio.
• Ensure oversight of third party relationships and collaborate with cross-functional teams.
• Implement strategic plans aligned with business intent.

Skills

Third party management

Risk management

Negotiation skills

Communication skills

Organizational skills

Job description

Principal Associate, Third Party Management

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About Capital One Canada

For over 20 years, we’ve been on a mission to change banking for good and build relationships by making credit accessible, simple, intuitive and rewarding. We want to help Canadians succeed with credit, because we believe in people – in our customers, in our associates, and in talent like you!

About The Team

We are looking for a dynamic leader who is passionate about helping Canadians succeed with credit. The Third-Party Management Team provides third party services utilizing integral governance practices to support Capital One’s strategic objectives.

About The Role

As Manager, reporting to the Senior Manager, Third Party Management, you are a first line execution leader who partners with business customers and stakeholders in third party sourcing and management to ensure you and your team provide the best leverage to Capital One in the third party space while mitigating associated third party risks. This will include adherence to Capital One’s Third-Party Risk Management policies and relevant regulatory requirements.

In addition, you have deep expertise and market knowledge within various categories to support our technology-focused business to ensure that our third-party arrangements provide Capital One with a competitive advantage through optimum pricing structures, strong negotiation skills and rationalization.

Your Responsibilities

• Serve as the Primary third party manager in the execution of third party management activities to an assigned portfolio, accountable for supporting team members in building third party relationships, managing risks, negotiating contracts, and improving effectiveness.
• Ensure comprehensive oversight of all assigned third party relationships services and collaborate closely with cross-functional teams including enterprise, customer, legal to support business customer outcomes.
• Implement strategic plans that align with business intent and market trends; leveraging broad market data, insights and competitor information to support informed decision making.
• Manage third party and business intent deliverables to the established policies, standards, procedures, and processes related to third party management.
• Participate in key management forums and contribute to continuous improvement and best practices.
• Build strong relationships with both internal stakeholders and third parties to ensure that business objectives are met.
• Leverage industry knowledge and seasoned negotiation and influencing skills to support pricing and third-party service level commitments outcomes.
• Manage multiple priorities with various stakeholders with an acute appreciation for deadlines impacting speed to market for Capital One products or services.
• Be an effective change agent through the execution of plans and fulfillment activities.
• Develop plans or strategies to drive innovation with the objective of creating efficiency.

Basic Qualifications

• At least 5 years of experience in third party management within the financial industry to include process and risk management.
• At least 5 years experience working in a cross-functional environment, ensuring business and stakeholder expectations are effectively managed.
• Strong market knowledge within different sourcing and supplier management categories relevant to the credit card business to include deep negotiation, communication, contract and influencing skills with the ability to optimize on pricing structures.
• Strong organizational and prioritization skills.

Working at Capital One

Enjoy a hybrid work environment, with 3 days in the office. Build a comfortable workspace with our one-time, Work From Home allowance and enjoy our head office located conveniently across the street from Union Station.

Live well—physically, financially and emotionally. Receive support for you and those who are most important to you, with full coverage for spouses, domestic partners, and dependents. With up to $3,000 in mental health coverage and up to $5,000 in tuition subsidies per year—and much more—you’ll discover that Capital One is committed to helping you live your best life.

We may use your information for automated decision making. We may, for certain purposes, render a decision based exclusively on automated processing of your personal information as a part of the candidate screening process.

Capital One Canada is an equal opportunity employer committed to fostering a diverse and inclusive work environment. We consider all qualified applicants and will meet the needs of those requiring reasonable accommodations.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at [e-mail]. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.