Director Third Party Risk Management Jobs in Toronto, ON

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When you join Sun Life, you'll work with passionate colleagues and empowering leaders who support your growth and celebrate your contributions, so you can make a meaningful difference in our Clients' lives.

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Job Description:

The Manager, Third Party Risk Management, is responsible for managing the third-party risk management policy requirements and underlying programs to support third-party risk management across the enterprise. Our third-party governance framework and requirements are core to how we provide oversight to our business partners and ensure effective challenge is carried out by the first- and second-line risk teams. The Manager will support maintenance of the Third-Party Risk Management (TPRM) program through innovation, collaboration and transformation initiatives.

What will you do?

• Assist the Director in the maintenance, and ongoing enhancement of a Third Party Risk program including updates to TPRM Policy and Enterprise Operating Guideline (EOG).

• Monitor compliance with TPRM governance policy including tracking and reporting of TPRM Policy non-compliances, Key Risk Indicators, Key Performance Indicators.

• Aggregate, analyze and challenge third-party data across Business Groups to support evaluation of enterprise third-party risk profile

• Prepare Reports to senior management and the Board on third-party risk and the third-party risk management program.

• Support regulatory requirements and data collection exercises relevant to third-party risk.

• Works closely with Business Group Risk Office teams in effective roll-out of program changes.

• Support development, maintenance and delivery of training to Business Group Risk Office teams and other stakeholders as required.

• Maintain TPRM SharePoint site, ensuring training, guidelines and communications are kept up to date.

• Provide guidance and advice to the Business Group Risk Office teams when judgement or further clarification is required on adherence to the TPRM Policy and EOG.

• Review Business Groups' process documents to ensure alignment with the TPRM Policy and Enterprise Operating Guideline (EOG), identifying gaps and recommendations as appropriate.

What do you need to succeed?

• Bachelor's degree in Business, Management, Finance, or other relevant field and / or certification.

• 7+ years of risk management experience, with 3+ years of experience supporting TPRM Programs, controls and processes, ideally within a major Federally Regulated Financial Institution.

• Knowledge of third-party risk management principles and factors that contribute to third-party risk, with the ability to assess, measure and monitor risk is an asset

• Exceptional analytical, problem-solving, and decision-making abilities, with keen attention to detail.

• Excellent communication and interpersonal skills, with the ability to influence and communicate complex concepts to a diverse audience.

• Proactive and adaptable mindset with the ability to thrive in a fast-paced and rapidly evolving industry and organization.

• Understanding of the different risk domains pertaining to third party risk management and their unique requirements is advantageous.

• Well developed writing and visual presentation skills to sufficiently articulate analyics results, options, recommendations and reporting. .

• Demonstrable experience of developing strong working relationships with cross-functional business areas and multi-stakeholder landscampe to drive execution of key deliverables and facilitate successful risk management within the Three Lines of Defense model.

What's in it for you?

• The opportunity to move along a variety of career paths with amazing networking potential

• Flexible Benefits from the day you join to meet the needs of you and your family

• We're committed to creating an inclusive and respectful environment. Our goal is to make sure all ouremployees have the chance to live up to their full potential

• We're honoured to be recognized as a 2025 Best Workplaces in Ontario by Great Place to Work Canada

• We are thrilled to be recognized by Excellence Canada with their top-level certification, the Canada Order of Excellence for Mental Health at Work, for prioritizing employee well-being, fostering a positive work culture, and achieving excellence in mental health

*LI-MS

The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other factors. In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.

Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our Clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.

Persons with disabilities who need accommodation in the application process, or those needing job postings in an alternative format, may e-mail a request to thebrightside@sunlife.com.

We are proud to be a hybrid organization that offers our employees the choice and flexibility to work from both the office and virtually based on the needs of the business, our Clients and you.

We may use artificial intelligence to support candidate sourcing, screening, interview scheduling.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.

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