Our Ability Jobs

Senior Manager - Third Party Risk Management

Date: Jul 12, 2024

Location: Toronto, Ontario, Canada

Company: Deloitte

Job Type: Permanent

Reference code : 126753

Primary Location: Toronto, Ontario, Canada

All Available Locations: Toronto, ON

Our Purpose

At Deloitte, we are driven to inspire and help our people, organization, communities, and country to thrive. Our Purpose is to build a better future by accelerating and expanding access to knowledge. Purpose defines who we are and gives us reason to exist as an organization.

By living our Purpose, we will make an impact that matters.

• Be encouraged to deepen your technical skills…whatever those may be.

• Partner with clients to solve their most complex problems

• Experience MyFlex and an agile work environment where work is what you do not where you do it

About Our Practice

Organizations have increased their dependence on third parties to new levels. Third party networks now go well beyond suppliers of goods and services to include affiliates and joint venture partners, R&D organizations, technology incubators, distributors and sales agents.

This increased reliance on third parties against a backdrop of market and geopolitical instability has resulted in stakeholders across government, consumers, investors and employees demanding change in how organizations conduct due diligence and monitoring over these third party relationships.

Leading organizations are now recognizing the role that a risk-intelligent Third Party Risk Management (TPRM) program can play in adapting to these changing expectations while building and protecting reputation, powering growth, innovation and business performance, and effectively managing risk

What will your typical day look like?

As a Senior Manager in our TPRM practice, your typical day will center around leveraging your leadership acumen to oversee complex projects and drive strategic initiatives that advance our clients' risk management capabilities. You will play a pivotal role in shaping our practice's approach to third party risk, integrating innovation and industry best practices to deliver exceptional value and achieve sustainable outcomes.

As a Senior Manager, you will be responsible for:

• Take the lead in defining and executing strategic initiatives within the TPRM practice, focusing on enhancing client resilience and compliance through innovative risk management solutions.

• Oversee the execution of multiple high-impact TPRM projects, overseeing design and implementation of processes, methodologies, operating models, regulatory compliance reviews, and other initiatives to achieve clients’ business objectives and enhance organizational resilience.

• Serve as a trusted advisor to clients, offering expert guidance on complex TPRM challenges, regulatory requirements, and emerging industry trends.

• Elevate our firm's reputation as a leader in TPRM through insightful contributions and innovative thinking.

• Cultivate and maintain strong relationships with key client stakeholders, understanding their strategic objectives and aligning our services to support their risk management goals effectively.

• Collaborate closely with cross-functional teams within Deloitte to deliver integrated TPRM solutions that address holistic client needs and regulatory requirements.

• Play a pivotal role in business development activities by identifying new opportunities, participating in proposal development, and contributing to go-to-market strategies to drive growth in the TPRM practice.

About the team

Join our dynamic team of highly motivated, innovative people working with clients across various sectors to solve some of the most challenging problems organizations face today. As part of that, you will:

• Lead the design and implementation of processes, methodologies, and operating models tailored to meet business objectives, as well as ever-evolving regulatory requirements in Third-Party Risk Management (TPRM).

• Join a dynamic team of industry-leading professionals in Third-Party Risk Management (TPRM) who are dedicated to addressing complex challenges at the intersection of technology, regulatory compliance, and operational efficiency.

• Collaborate with subject matter experts renowned for their insights and expertise, contributing to innovative solutions that shape the future of TPRM practices in a rapidly evolving marketplace.

• Lead and mentor a team engaged in pioneering initiatives that define industry standards and regulatory best practices, ensuring clients are equipped to navigate and excel in the ever-changing landscape of third-party risk.

• Drive thought leadership and eminence activities within the TPRM space, leveraging market intelligence and client interactions to influence industry perspectives and advance the firm’s reputation as a leader in risk management advisory services.

• Partner closely with executives and key stakeholders to develop and implement strategic frameworks, methodologies, and operational models that enhance organizational resilience and compliance readiness in TPRM.

Enough about us, let’s talk about you

Required Skills

• Minimum 10+ years of experience in Third Party Risk Management (TPRM) or closely related fields such as vendor management, risk management, procurement or system implementation with a strong TPRM component.

• Proven track record of designing, implementing, and managing TPRM programs in a consulting/professional services firm or a major Canadian/US bank.

• Demonstrated ability to lead and coach teams of skilled professionals in a collaborative environment.

• Strong capability to manage and prioritize multiple priorities and tasks effectively.

• Excellent report writing, presentation, and communication skills.

• Experience managing significant TPRM initiatives or projects, ensuring delivery within deadlines and budget constraints.

Preferred Skills

• System implementation experience and/or certification in tech solutions (ServiceNow, Coupa, Ariba, Archer, Aravo, Ivalua, ProcessUnity, MetricStream, OneTrust, or Prevalent).

• Deep Understanding of regulatory requirements relevant to TPRM, especially in jurisdictions where the organization operates (e.g., familiarity with regulations from regulatory bodies like OCC, OSFI, GDPR).

• Commitment to staying updated on emerging trends and best practices in TPRM and cybersecurity.

• Proficiency in procurement and procure-to-pay processes.

• Strong consulting/professional services background, with technology experience as an asset.

Total Rewards

The salary range for this position is $125,000 - $231,000, and individuals may be eligible to participate in our bonus program. Deloitte is fair and competitive when it comes to the salaries of our people. We regularly benchmark across a variety of positions, industries, sectors, targets, and levels. Our approach is grounded on recognizing people's unique strengths and contributions and rewarding the value that they deliver.

Our Total Rewards Package extends well beyond traditional compensation and benefit programs and is designed to recognize employee contributions, encourage personal wellness, and support firm growth. Along with a competitive base salary and variable pay opportunities, we offer a wide array of initiatives that differentiate us as a people-first organization. Some representative examples include: $4,000 per year for mental health support benefits, a $1,300 flexible benefit spending account, 38+ days off (including 10 firm-wide closures known as "Deloitte Days"), flexible work arrangements and a hybrid work structure.

Our promise to our people: Deloitte is where potential comes to life.

Be yourself, and more.

We are a group of talented people who want to learn, gain experience, and develop skills. Wherever you are in your career, we want you to advance.

You shape how we make impact.

Diverse perspectives and life experiences make us better. Whoever you are and wherever you’re from, we want you to feel like you belong here. We provide flexible working options to support you and how you can contribute. Be the leader you want to be.

Be the leader you want to be

Some guide teams, some change culture, some build essential expertise. We offer opportunities and experiences that support your continuing growth as a leader.

Have as many careers as you want.

We are uniquely able to offer you new challenges and roles – and prepare you for them. We bring together people with unique experiences and talents, and we are the place to develop a lasting network of friends, peers, and mentors. Our TVP is about relationships – between leaders and their people, the firm and its people, peers, and within in our communities.

The next step is yours

At Deloitte, we are all about doing business inclusively – that starts with having diverse colleagues of all abilities. Deloitte encourages applications from all qualified candidates who represent the full diversity of communities across Canada. This includes, but is not limited to, people with disabilities, candidates from Indigenous communities, and candidates from the Black community in support of living our values, creating a culture of Diversity Equity and Inclusion and our commitment to ourAccessAbility Action Plan (https://www2.deloitte.com/ca/en/pages/public-sector/articles/accessability-action-plan.html) , Reconciliation Action Plan (https://www2.deloitte.com/content/dam/Deloitte/ca/Documents/public-sector/ca-rap-report-aoda-en.pdf) and the BlackNorth Initiative (https://www2.deloitte.com/ca/en/pages/about-deloitte/articles/black-in-canada-acknowledging-our-past.html) .

We encourage you to connect with us at accessiblecareers@deloitte.ca if you require an accommodation for the recruitment process (including alternate formats of materials, accessible meeting rooms or other accommodations). We’d love to hear from you!

By applying to this job you will be assessed against the Deloitte Global Talent Standards. We’ve designed these standards to provide our clients with a consistent and exceptional Deloitte experience globally.

Deloitte Canada has 30 offices with representation across most of the country. We acknowledge our offices reside on traditional, treaty and unceded territories as part of Turtle Island and is still home to many First Nations, Métis, and Inuit peoples. We are all Treaty people.