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Supplier Risk Management Jobs in Ontario (NOW HIRING)

BMO Capital Markets

Third Party Risk Manager

Toronto, ON · On-site

CA$56K - CA$103K/yr

Management of risk stakeholder program execution and interaction with Third Party Risk Specialists/Supplier Managers to manage and pursue completion of past due programs with escalation, as ...

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Supplier Risk Management information

See Ontario salary details

$25.5K

$98.3K

$168.5K

How much do supplier risk management jobs pay per year?

As of Aug 21, 2026, the average yearly pay for supplier risk management in Ontario is $98,301.00, according to ZipRecruiter salary data. Most workers in this role earn between $62,500.00 and $128,000.00 per year, depending on experience, location, and employer.

How does a supplier risk management professional typically collaborate with other departments to mitigate supplier-related risks?

Supplier Risk Management professionals work closely with procurement, legal, compliance, and operations teams to identify, assess, and address potential risks in the supply chain. They facilitate regular communication between departments to align on risk thresholds, ensure contract compliance, and implement contingency plans. This collaborative approach helps organizations proactively manage disruptions, maintain regulatory compliance, and safeguard business continuity. Frequent cross-functional meetings and shared risk assessments are common practices in this role.

What are the key skills and qualifications needed to thrive in supplier risk management, and why are they important?

To excel in Supplier Risk Management, you need a strong background in supply chain management, risk assessment, and data analysis, often supported by a business or supply chain degree. Familiarity with risk management software, supplier performance monitoring tools, and relevant certifications such as Certified Supply Chain Professional (CSCP) is highly beneficial. Strong analytical thinking, negotiation skills, and effective communication help professionals build resilient supplier relationships and respond swiftly to potential risks. These competencies are crucial for minimizing disruptions, ensuring compliance, and maintaining the integrity of the supply chain.

What is the difference between Supplier Risk Management vs Procurement Specialist?

AspectSupplier Risk ManagementProcurement Specialist
CredentialsCertifications like CPSM, CSCPCertifications like CPSM, CSCP
Work EnvironmentFocus on risk assessment, supplier evaluationFocus on sourcing, purchasing, vendor negotiations
Industry UsageUsed in supply chain risk mitigationUsed in procurement and purchasing departments
Search IntentCompare risk management roles with procurementCompare procurement roles with risk management

Supplier Risk Management and Procurement Specialist roles overlap in certifications and industry usage, but differ in focus. Supplier Risk Management emphasizes assessing and mitigating supplier risks, while Procurement Specialists concentrate on sourcing and purchasing. Both roles are vital in supply chain operations but serve distinct functions within organizations.

Do supplier risk managers make good money?

Supplier risk managers typically earn a competitive salary that varies by industry, experience, and location. According to industry reports, median salaries range from $70,000 to over $120,000 annually, with additional benefits and bonuses often included. Strong analytical skills and certifications like CPSM can enhance earning potential in this field.

What is supplier risk management?

Supplier risk management is the process of identifying, assessing, and mitigating risks associated with suppliers to ensure supply chain stability. It involves evaluating factors such as financial stability, compliance, and operational performance, often using tools like risk assessments and monitoring systems. Professionals in this field help organizations reduce disruptions and maintain quality standards.

What are popular job titles related to Supplier Risk Management jobs in Ontario?

For Supplier Risk Management jobs in Ontario, the most frequently searched job titles are:

What job categories do people searching Supplier Risk Management jobs in Ontario look for?

The top searched job categories for Supplier Risk Management jobs in Ontario are:

What cities in Ontario are hiring for Supplier Risk Management jobs?

Cities in Ontario with the most Supplier Risk Management job openings:

Supplier Risk Management jobs near you
Infographic showing various Supplier Risk Management job openings in Ontario as of August 2026, with employment types broken down into 1% As Needed, 77% Full Time, 20% Part Time, and 2% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $98,301 per year, or $47.3 per hour.

Manager, Risk Supplier Management

Royal Bank of Canada

Toronto, ON • On-site

Full-time

This job post has expired today. Applications are no longer accepted.

Job description

Job Description

What is the opportunity?

Functions Supplier Management Office (FSMO) is seeking a Manager, Risk Supplier Management, to join our team. In this role, you will be instrumental in ensuring compliance with Third Party Risk Management (TPRM) Policy and Standards requirements and driving effective supplier governance across the Functions Portfolio. You will work collaboratively with Business partners, Centre of governance and technology teams to safeguard RBC's risk posture through comprehensive supplier due diligence and ongoing relationship management.

What will you do?

Third-Party Risk Management & Compliance

  • In accordance with RBC's Enterprise Policy on Third Party, Non-supplier third party (NSTP) and Intra-Group service providers, lead day-to-day execution of Supplier Risk Management Assessments following RBC's TPRM established processes and OSFI guidelines
  • Collaborate with key stakeholders to gather and document risk requirements for new and existing supplier engagements
  • Ensure effective management and implementation of appropriate controls for third-party arrangements aligned to TPRM policies to monitor and mitigate supplier engagement risk across the FSMO portfolio, including performance monitoring, exit strategy assurance, SOC reviews, and termination activities
  • Utilize all available tools (e.g. RBC Assist Pro, approved AI channels, dashboards) to streamline information gathering and summarizing activities as well as investigating adherence to TPRM and regulatory requirements

Issue Resolution & Escalation

  • Triage operational issues and risks, applying judgment to determine appropriate resolution or escalation to senior management
  • Work collaboratively with stakeholders to resolve issues and implement mitigation strategies

Process Improvement & Reporting

  • Support the development and maintenance of supplier risk management procedures and process documentation
  • Drive incremental improvements to existing supplier management processes to enhance effectiveness and efficiency
  • Support governance reporting and provide visibility on supplier risk posture to senior leadership
  • Document and communicate risk findings and mitigation strategies across business partners

Team Support & Knowledge Sharing

  • Provide subject matter expertise and support to business partners and junior team members
  • Contribute to continuous learning and knowledge sharing within the FSMO team

What do you need to succeed?

Must-Have

  • Bachelor's degree in Business Administration, Finance, Risk Management, or related field
  • 3-5 years of experience in risk management, supplier management, or related operational roles, including experience with risk governance practices, frameworks, and methodologies
  • Strong understanding of Third-Party Risk Management (TPRM) frameworks and regulatory requirements (OSFI, RBC policies)
  • Demonstrated ability to conduct risk assessments and compliance reviews
  • Growth mindset with demonstrated ability to learn and adapt in a fast pace regulated environment. Ability to manage competing priorities, exercise flexibility, and work with resourcefulness in a complex environment
  • Strong analytical mindset and problem-solving capabilities with attention to detail
  • Strong business acumen with an operational perspective.
  • Excellent communication skills with the ability to present information effectively to diverse audiences. Strong relationship-building and client focus capabilities

Nice-to-Have

  • Formal supplier management certifications or designations (CTPRP, CRM, or similar)
  • Working knowledge of supplier risk management tools (such as Archer or Ivalua)
  • Experience in financial services or other regulated industries
  • Proficiency with contract lifecycle management
  • Project or process improvement experience
  • Experience using approved AI tools to enhance productivity

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
  • Leaders who support your development through coaching and managing opportunities
  • Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • A world-class training program in financial services
  • Flexible work/life balance options
  • Opportunities to do challenging and meaningful work

#LI-POST

Job Skills

Analytical Thinking, Communication, Compliance Management, Design Thinking, Financial Acumen, Interpersonal Relationships, Management Process, Operation Risk Management, Problem Solving, Process Management, Teamwork, Vendor Management, Vendor Risk Management

Additional Job Details

Address:

BAY WELLINGTON TOWER, 181 BAY ST:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

CHIEF LEGAL & ADMIN OFFICE GRP

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-08-04

Application Deadline:

2026-09-04

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

Employment Type: FULL_TIME

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