Senior Consultant Vendor Management

Senior Consultant Vendor Management

To oversee enterprise-wide supplier governance and relationship management processes to ensure that such activities are managed effectively and in compliance with our policies and regulatory requirements.

• Terms: 6-month contract to hire (Looking for someone to convert permanent)
• Location: Toronto Hybrid (Once a month
• Client: Top 5 Bank

As a Senior Consultant, Supplier Governance you will join the Third Party Governance Office (TPGO) team and be responsible to support the Third Party Risk Management program to ensure there is a risk-based oversight/challenge of third party risks. Including coordinating between various program stakeholders for the execution of third party risk assessments, ongoing monitoring activities, preparing program reporting, metrics to support program oversight and assessment of effectiveness.

KEY ACCOUNTABILITIES

• Support the U.S. Third Party Risk Committee (TPRC) in meeting their obligations of their mandate
• Create, or revise existing processes, tools and templates that can be leveraged by LOB Operational and Delivery teams across the bank to manage and govern the bank’s supplier relationships.
• Collaborate with other key stakeholders (to provide inputs for training related to effective management and governance of supplier contracts)
• Assist the Third Party Risk Organization (TPGO), Procurement Operations, and our Legal by integrating our processes, policies and procedures into supplier contractual terms and conditions as required
• Manage the day-to-day operation of the Third Party Governance Office (TPGO) Supplier Governance Program that identifies and reports on all of our outsourced (material or non-material) strategic, high-risk and high value suppliers.
• Assisting the team in developing the overall Bank-wide Supplier Governance monitoring program, helping refine the program into an effective, meaningful and thoughtful program
• Guide the business units so that the requirements for supplier management and governance are clear, complete, consistent and implemented on an on-going basis.
• Provide strategic thought leadership on how to not only address risk issues identified within the TPGO mandate but offer ideas and solutions on how to prevent and mitigate these risks from occurring in the future.
• Serve as the point of contact for line of business delivery teams and/or vendor management offices as well as service suppliers on supplier management process issues, gaps and improvement opportunities
• Conduct review meetings with LOB Operational and Delivery teams to identify and prioritize procedural development and improvements so that the business is realizing the value from the contract
• Collaboratively work with stakeholders to ensure timely handling of all procedural and policy issues, disputes, escalations and negotiations with managed suppliers
• Identifies processes, policies, tools and procedures at the bank that need to be created or refined to support effective management and governance of suppliers.

US Shared Services:

• Help develop, test, and maintain a risk and criticality rating system specific to the US region.
• Subject Matter Expert within the US Region on the services provided by shared arrangements including but not limited to the departments they touch and the relationship managers responsible.
• The Sr. Manager will be responsible for QA’ing/Review TPRAs for shared services and assessing risks identified with shared services from a U.S. perspective
• Provide an escalation point for risks identified in the ongoing monitoring of our shared services so they may be assessed and remediated at US risk and regulatory levels.
• US Control Group owner of Third Party, Subcontractor, and Country risk.

CROSS-FUNCTIONAL RELATIONSHIPS

• Regulators, Auditors
• Peers within TI&I Partner Groups and middle to senior management
• Peers in risk management or regulatory affairs

AUTHORITIES/DECISION RIGHTS

• Monitor and report on the performance of the bank’s supplier portfolio.
• Monitor and report on the risks associated with the bank’s supplier portfolio.
• As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.

KNOWLEDGE AND SKILLS

• Strong relationship building abilities with both internal and/or external partners
• Proven experience with supplier approaches in large complex organizations/projects
• Experience with leading/influencing complex organization change initiatives will be an asset
• Experience with process modeling, writing process documentation
• Strong communication, interpersonal and presentation skills
• Experience working in a global multi supplier environment and managing suppliers
• Familiarity with sourcing and/or supplier processes, tools and templates
• Excellent relationship management skills
• Familiarity with regulatory guidelines around supplier would be an asset
• Understanding of the internal and external business environment within which we operate
• Knowledge of bank's process, standards and guidelines would be an asset
• Demonstrated ability to manage multiple complex and detailed initiatives simultaneously
• Minimum 5 years of industry-related experience in sourcing, supplier governance and/or supplier management