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Third Party Risk Manager Jobs in Ontario (NOW HIRING)

We are looking for a Manager to join our growing practice with a specialized focus on Third Party Risk Management (TPRM). The successful candidate will be responsible for being a key contributor in ...

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Third Party Risk Manager information

See Ontario salary details

$60.5K

$121.6K

$159.5K

How much do third party risk manager jobs pay per year?

As of Jul 20, 2026, the average yearly pay for third party risk manager in Ontario is $121,600.00, according to ZipRecruiter salary data. Most workers in this role earn between $83,000.00 and $152,500.00 per year, depending on experience, location, and employer.

What is the difference between Third Party Risk Manager vs Vendor Risk Analyst?

AspectThird Party Risk ManagerVendor Risk Analyst
CredentialsCertifications like CRISC, CTPRP often preferredCertifications such as CRISC, CTPRP common
Work EnvironmentOversees multiple vendors and third-party relationships at strategic levelFocuses on assessing specific vendor risks and compliance
Employer & Industry UsageUsed in finance, healthcare, and large corporations managing third-party risksCommon in IT, finance, and procurement departments
Search & Comparison IntentOften compared for broader risk management rolesCompared for detailed vendor risk assessments

The Third Party Risk Manager oversees the overall risk associated with third-party vendors, focusing on strategic risk mitigation. The Vendor Risk Analyst concentrates on evaluating individual vendors' risks and compliance. While both roles require similar certifications and work in related environments, the Risk Manager has a broader scope, whereas the Analyst specializes in detailed assessments.

What are the key skills and qualifications needed to thrive as a Third Party Risk Manager, and why are they important?

To thrive as a Third Party Risk Manager, you need a strong background in risk assessment, vendor management, and regulatory compliance, often supported by a degree in business, finance, or a related field. Familiarity with risk management frameworks, tools like GRC (Governance, Risk, and Compliance) platforms, and relevant certifications such as CTPRP (Certified Third Party Risk Professional) are highly beneficial. Excellent communication, analytical thinking, and stakeholder management skills set top performers apart in this role. These competencies are crucial for effectively identifying, mitigating, and communicating third-party risks to protect organizational assets and ensure regulatory compliance.

What is a Third Party Risk Manager?

A Third Party Risk Manager is a professional responsible for identifying, assessing, and mitigating risks associated with an organization's external vendors, suppliers, or partners. Their main job is to ensure that third-party relationships do not expose the company to undue financial, operational, regulatory, or reputational risk. This includes evaluating vendor security practices, monitoring compliance with contracts and regulations, and developing risk management policies. Third Party Risk Managers often collaborate with legal, procurement, and IT teams to safeguard the organization's interests. Their work is crucial in today's interconnected business environment, where companies increasingly rely on third-party services and products.

How does a Third Party Risk Manager typically collaborate with other departments to manage vendor risks?

A Third Party Risk Manager works closely with teams such as procurement, legal, IT security, and compliance to assess and monitor the risks associated with external vendors. They coordinate with these departments to perform due diligence, review contracts, and establish ongoing monitoring processes. Regular cross-functional meetings and clear communication channels are essential, as the role often requires aligning risk management strategies with organizational objectives and ensuring that vendor-related risks are identified and mitigated promptly.
What are popular job titles related to Third Party Risk Manager jobs in Ontario? For Third Party Risk Manager jobs in Ontario, the most frequently searched job titles are:
What job categories do people searching Third Party Risk Manager jobs in Ontario look for? The top searched job categories for Third Party Risk Manager jobs in Ontario are:
What cities in Ontario are hiring for Third Party Risk Manager jobs? Cities in Ontario with the most Third Party Risk Manager job openings:
Infographic showing various Third Party Risk Manager job openings in Ontario as of July 2026, with employment types broken down into 85% Full Time, 13% Part Time, 1% Temporary, and 1% Contract. Highlights an 86% Physical, 1% Hybrid, and 13% Remote job distribution, with an average salary of $121,600 per year, or $58.5 per hour.
Third-Party Risk Manager

Other

Re-posted 24 days ago


Job description

The Opportunity

Are you looking for a caring, collaborative, values-driven workplace with inspiring teammates and leaders? Do you have the ambition and desire to be the best and thrive at the most impactful global insurance provider in the world? Look no further than Zurich Canada.  

If you have transformation experience, and are looking for a new challenge, we would love to hear from you.  

Zurich Canada is currently looking for an Third Party Risk Manager to direct the planning, execution, and measurement of business units, function and / or Global strategic and transformational initiatives.

Reporting to the SVP Chief Transformation Officer, you will engage directly with the senior team and be accountable for shaping and driving transformational initiatives for the Business Unit as well as enterprise-wide initiatives.

This is a unique opportunity to build your knowledge and experience for the future in a supportive environment where your voice matters. This posting is for an existing vacancy. 

Zurich Canada uses artificial intelligence-enabled tools to support certain aspects of the recruitment process, including the initial review and screening of applications. Artificial intelligence is not the sole basis for candidate shortlisting or selection. All hiring decisions are reviewed and made by qualified hiring professionals.

Zurich follows a hybrid work model requiring three days per week of in-person presence, which may include time in the office or market-facing engagements.

What you will do

   Lead and facilitate cross functional projects that improve organizational effectiveness, efficiency, and profitability.
   Own the Canada Third Party Risk Management framework, including critical supplier identification, concentration risk, governance standards, and compliance with Group policies and local regulatory expectations (e.g. OSFI E 21).
   Support Business Resilience and Continuity Management for Canada, including business impact analysis, continuity plans, crisis management frameworks, testing, and transition of accountability from the US.
   Act as the central coordination point for governance, controls, and audits for Transformation/Operations, managing KRIs, attestations, remediation of findings, and engagement with Risk, Compliance, Audit, and senior leadership.
   Drive cross functional execution with Operations, Technology, Procurement, Legal, and Business Leaders to embed third party and resilience requirements into processes and supplier contracts.
   Serve as a trusted advisor to the Chief Transformation Officer and other ExCo sponsors, shaping governance design, localizing Group standards for Canada, and building sustainable ownership beyond one off transformation initiatives.
   Define project timelines, agendas, goals, and success metrics.
   Embed best practices in execution, change management, and communication across the enterprise and Business Units.
   Partner with Business Units to design integrated or BU specific solutions that leverage enterprise processes and tools.
   Provide methodologies, frameworks, and tools that support innovation and consistent execution.
   Apply structured change management across the initiative life cycle to improve delivery and outcomes.
   Ensure metrics align with business strategy, track progress, and clearly demonstrate impact.
   Advise senior stakeholders and contribute to BU strategic and service plans, including long term strategy.
   Monitor the external environment to identify opportunities and risks over a 5+ year horizon and incorporate emerging issues into strategies and programs.

Job Qualifications - What you bring to the table

Required:

   Bachelors Degree and 5 or more years of experience in the Claims, Consulting, Risk Engineering or Underwriting area 

OR

   High School Diploma or Equivalent and 7 or more years of experience in the Claims, Consulting, Risk Engineering or Underwriting area

OR 

   Zurich Certified Insurance Apprentice, including an Associate Degree and 5 or more years of experience in the Claims, Consulting, Risk Engineering or Underwriting area

AND 

   Experience in Organizational Effectiveness or Change Management
   Experience in the application of existing and / or change management methodologies and tools
   Project management experience

Preferred:

   Insurance industry knowledge with subject matter expertise in at least one functional insurance discipline, such as Underwriting, Claims, Risk, Engineering

At Zurich Canada, we are committed to pay equity. We determine compensation based on objective criteria such as skills, experience, and internal equity. The salary range for this position is 82,000 - 132,000. This range reflects the expected pay for the role across Canada and may vary depending on factors like office location, specific responsibilities, and individual qualifications. As required by local law, Zurich provides in good faith a reasonable compensation range, but starting salaries may exceed this range based on a candidate's skills and experience.

Our Culture

   At Zurich, we are proud of our culture. We are passionate about Diversity, Inclusion, Equity and Belonging (DIEB). We want you to bring your whole self to work, and we want our employees to be reflective of the communities in which we live and work. Our DIEB initiatives are creating an environment where everyone feels welcome. 
We have a collaborative culture where diversity of thought is valued. We value your input and strive to give our employees the tools they need to make an impact.  
We care about our employees' well-being and offer a comprehensive health/benefits plan with varying levels of coverage to suit your specific needs and a competitive total compensation package. 
We understand how important it is to rest, recharge and do the things you love. At Zurich, all employees receive a minimum of four weeks of vacation per year to do just that. 
We also understand that employees require time off for personal reasons. Maybe you have an appointment during a workday, a cultural or religious holiday you would like to observe, or you need time off to focus on your mental health. Zurich employees receive four personal days per year to be used at their discretion.  
We are committed to continuous improvement and offer access to a comprehensive range of training and development opportunities.  
We care about our communities. Our communities are where our customers, people, and shareholders live and work. While we can be proud of the contribution to society Zurich makes through our core business of insurance, we must also give back to our communities through our talent, time and resources. 
We have won numerous awards for our workplace culture. We are proud to be one of Greater Toronto's Top Employers and to have received Insurance Business Canada's 5-Star Diversity, Equity and Inclusion Award.    

Make a difference. Be challenged. Be inspired. Be supported. Love what you do. Work for us. 

About Us

Zurich Canada is part of the Zurich Insurance Group, a multi-line insurer with approximately 55,000 employees worldwide serving customers in global and local markets. Zurich Canada has been a leading insurance provider serving mid-sized and large companies, including multinational corporations, in the Canadian commercial market for 100 years. With over 650 employees in offices across the country, Zurich offers the global strength of a top insurance provider combined with in-depth knowledge of industries and local markets. Zurich Canada aspires to be risk management professionals' first choice as their premier partner to help meet the risk challenges of today and tomorrow. Read more at www.zurichcanada.com. 

A future with Zurich

Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 148 years of experience managing risk and supporting resilience. We are a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. Today, we serve more than 25 industries, from agriculture to technology and insure 90% of the Fortune 500. Our growth strategy is not limited to our business. As an employer, Zurich strives to provide ongoing career development opportunities and foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our people, our customers and the communities we serve.

As a global company, Zurich recognizes the diversity of our workforce as an asset. We recruit talented people from a variety of backgrounds with unique perspectives that are truly welcome here. Taken together, diversity and inclusion bring us closer to our common goal: exceeding our customers' expectations. Zurich is committed to providing a diverse, inclusive and barrier-free environment resulting in an accessible organization for employees, customers, and other parties who interact with, or on behalf of, Zurich. We strive to achieve a workplace free of discrimination of all forms, including discrimination on the basis of physical or mental disability, or medical condition. If you are interested in a job opportunity, please advise if you require an accommodation, so we can work with you to provide a more accessible process. 

Zurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich Canadian Holdings Limited. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission.

Only applicable for Canada: For Zurich Canada's commitment to diversity and accessibility please click here. If you would prefer to not receive future electronic messages from Zurich Insurance Company Ltd's recruitment management system, please email your request to have your job profile deleted from the system by clicking here. Zurich Insurance Company Ltd 100 King St., W., Suite 5500, Toronto, ON, M5X 1C9. www.zurichcanada.com