Team recruiter


Risk Analyst (Governance, Banking/Financial Services)

Reference id:947959
Posted on: 2/6/2024
  Location: Toronto, ON - Hybrid (required in office 2x a week)

Job Description

One of our major Banking clients is looking for a Risk Analyst (Governance, Banking/Financial Services)
Length: 8 months contract with the possibility of the extension
Location: Toronto, ON - Hybrid (required in office 2x a week)
Working hours: 37.5 hours
Line of Business: Procurement

'The start date of this job is flexible and in order to find the best candidate the job may remain open much longer than the date mentioned on this posting... or you may be asked to start sooner than the expected start date if you are able to do so !'

Please read the job description below. If this interests you, please send a MS-Word version copy of your resume (ASAP) along with a telephone contact number: E-mail to talent@teamrecruiter.com

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The recruiter in charge of this role is San Thangarajah

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Requirements:
ROLE MANDATE:
The Global Third Party Risk Management (GTPRM) team has a mandate to proactively identify, assess, monitor and mitigate risk associated with our third party and outsourcers through defined governance practices. The team is a first line of defense function that drives the identification and management of third party risks across the Enterprise through governance and oversight of the first line of defense supplier managers across the LOBs.

The GTPRM team leads the LOB in the engagement and management of third parties as well as in their identification and management of third party risks. They leverage the enterprise Operational Risk Management (ORM) Framework through third party lifecycle which includes ongoing, independent activities for monitoring and reporting on third party risks at all stages of a third party relationship throughout the enterprise. These outcomes drive shareholder value, continuous improvement to the customer experience, and risk mitigation.

As an integral member of the GTPRM team, the Associate Risk Advisor is accountable to assist with the review, and monitoring of third party engagements. The Associate Risk Advisors provides guidance and counsel to the business on established arrangements, helping the business to manage its risks and make strong decisions on third party arrangements. They will provide support associated with development, implementation and management of third party governance strategy, framework, policies, standards, guidelines and tools that enable compliant governance and management of the Financial Group's key third parties and outsourcers globally.

ROLE RESPONSIBILITIES (including but are not limited to):
1. Business Delivery and Operational Excellence
 Assist in the review and monitoring of third party engagements through the third party lifecycle
 Provides risk advisory services and guidance to the business using a risk based approach to optimize third party performance and enable consistent and efficient management according to business criticality and assessed level of risk
 Maintains current knowledge of the TPRM Framework, TPRM Program, CORM Framework, standards, policies, regulatory requirements and emerging Risk Management trends
 Provides assistance with the independent oversight and management of outsourced activity, effective third party risk management and governance practices
 Challenges the business to ensure appropriate actions are underway to mitigate identified operational risk exposures commensurate with the Third Party Lifecycle
 Assist with the (re)development and ongoing enhancements of risk-centric, scaled third party governance strategies, policy, framework, standards, processes, tools and systems
 Identify change management activities and continuous improvement updates for infrastructure and processes in support of enterprise third party management

2. Governance and Risk Management
 Assist with the independent oversight in the management of risk and minimize losses through monitoring and controlling various reports and taking appropriate action, ensuring compliance requirements, audits and verifications are completed
 Support the TPR RSA function and GTPRM Risk Advisors with the review and follow up of outstanding SEMS programs
 Support GTPRM Risk Advisors with designated SEMS portfolio

3. Relationship Management
 Build, sustain and leverage relationships with individuals within his/her area of immediate responsibility
 Maintains knowledge of business changes and strategies to identify third party risk and recommend appropriate action and controls
 Interaction with external business partners and stakeholders

4. Potential into Performance
 Maintain current knowledge of overall TPRM Framework, TPRM Program, methodologies, standards for all third party risk assessments and governance activities
 Align individual performance goals to team and organizational goals
 Develop and implement an annual Performance Planning & Assessment and career development plan in alignment with Procurement learning strategy
 Demonstrate behaviours that are consistent with 'Being' model and aligned with the bank values
Qualifications:
QUALIFICATIONS:
1. Education and Knowledge
 Expertise in Third Party Life Cycle methodology
 Knowledge of third party governance and management, operational risk, financial services regulatory, audit, compliance, security requirements and trends

2. Experience
 3+ years of third-party risk management experience
 Proven track record of concurrently leading multiple complex and matrixed projects using internal and external resources
 Previous experience interacting with multiple parties

3. Skills
 Outstanding relationship management skills: impact and influence; contract development, negotiation, collaboration; conflict management and resolution
 Excellent interpersonal skills: communication, presentation and time management
 Consistent ability to produce exceptional quality output and remain composed under pressure of competing deadlines, priorities, accountabilities and constraints
 Strategic planning, execution skills and change management capabilities
 Ability to make meaning of intangibles: formulate ideas into action, drive strategy to achieve results, and obtain consensus from multiple stakeholders
 MS Office skills: Excel, Access, PowerPoint, Word, and Project

INTERVIEW PROCESS:
 First Round - 30 min Teams meeting with HM
 Second Round - 30mins Teams meeting with HM and senior team member
 Format will consist of behavioral and getting to know you type questions


Please note that this is the most up to date version of job description available at this time - During Client Interview you will receive additional information - variance may apply!

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