Sr. Consultant, Third Party Risk Management

TransUnion LLC; Burlington; On-site; CAD 80,000 - 110,000; Full time

Job summary

A leading company in global information solutions is seeking a Sr. Consultant for Third-Party Risk Management in Canada. This hybrid role involves developing the TPRM framework, managing vendor relationships, and ensuring compliance with regulations. The ideal candidate will possess strong analytical skills and experience in risk management, contributing to the company's mission of improving decision-making processes.

Qualifications

• 5+ years of experience in a similar role.
• Strong understanding of key regulations in Financial Services.
• Experience in business continuity and operational resilience.

Responsibilities

• Developing and implementing the TPRM Framework in Canada.
• Monitoring adherence to the Canada TPRM Standard.
• Producing insightful reporting and MI for stakeholders.

Skills

Third-Party Risk Management

Data analysis

Influencing and persuasion

Tools

TPRM or Vendor Management software

Job description

At TransUnion, we are dedicated to finding ways information can be used to help people make better and smarter decisions. As a trusted provider of global information solutions, our mission is to help people around the world access the opportunities that lead to a higher quality of life, by helping organizations optimize their risk-based decisions and enabling consumers to understand and manage their personal information. Because when people have access to more complete and multidimensional information, they can make more informed decisions and achieve great things.

Every day TransUnion offers our employees the tools and resources they need to find ways information can be used in diverse ways. Whether it is helping businesses better manage risk, providing better insights so a consumer can qualify for his first mortgage or working with law enforcement to make neighborhoods safer, we are improving the quality of life for individuals, families, communities and local economies around the world.

What You'll Bring :

• 5+ years of experience in a similar role.
• Strong Third-Party Risk Management or Vendor Management experience ideally in the 2nd LoD.
• Understanding of key regulation pertaining to Financial Services i.e. OSFI.
• Influencing and persuasion skills.
• Data analysis and reporting skills.
• Experience using TPRM or Vendor Management software desirable.
• Understanding of business continuity and operational resilience.

Impact You'll Make :

Reporting to the Global Director of Third-Party Risk Management (“TPRM”), the Sr. Consultant, TPRM will be responsible for developing and implementing the TPRM Framework in Canada. The incumbent will ensure that the risks associated with our relationships with third-party vendors are understood, managed, and mitigated, as needed. This role requires an individual who is a self-starter, has a keen understanding of regulatory requirements, the ability to influence stakeholders at all levels, as well as support internal Third-Party relationship owners in discharging their responsibilities to remain compliant with internal policies.

Responsibilities :

• Collaboration with various stakeholders across the business to ensure that risks associated with Third-Party Relationships are well documented and managed, including adherence to internal Standards and Policies.
• Driving implementation and evolution of the Canadian TPRM framework.
• Monitoring adherence to the Canada TPRM Standard, ensuring stakeholders are aware of their responsibilities and can perform their duties effectively.
• Monitoring and manage risks as it relates to key Third-Parties and assess operational and financial resiliency.
• Ensuring the Third-Party inventory is maintained, including adding new Third-Parties to the inventory and working with Procurement focused colleagues to gather an appropriate level of information as part of the onboarding process.
• Supporting in the creation of Third-Party centric risk assessments and exit plans, liaising with SMEs as required to ensure these are completed to a high standard.
• Producing insightful reporting and MI for stakeholders and governance meetings.
• Developing strong relationships with internal and external stakeholders to ensure alignment of business objectives and drive essential behavioural and process change.
• Influencing and ensuring business compliance to relevant policies, procedures, and practices.
• Implementing and lead appropriate cross functional Third-Party Risk meetings and appropriate reporting.
• Assessing and monitoring key Third Parties’ supply chain and subcontracting risks.
• Responding to and attending Client audits to give an overview of Third-Party Risk Management as needed.
• Keeping abreast of industry standards in Vendor, Supply Chain and Third-Party Risk Management practices, to help improve internal processes and reporting etc.
• Providing MI and detailed reports to various management committees and functions as needed.

This is a hybrid position and involves regular performance of job responsibilities virtually as well as in-person at an assigned TU office location for a minimum of two days a week.