The WorkThe Manager, Third Party Risk supports the development and ongoing execution of a strong operational risk management program across Equitable Bank and provides independent oversight and effective challenge (as the second line of defence) to ensure the Bank operates within its established operational risk appetite.
The Core ResponsibilitiesThe Manager, Third Party Risk role supports the advancement of risk management practices related to third party risk and the interconnections to change management, operational resiliency, business continuity, crisis management and technology and cyber in support of regulatory requirements OSFI B10, OSFI B13, and OSFI E21 guidelines.
- Ensures the Third-Party Risk Management process is executed in accordance with the TPRM Policy and promotes organizational awareness of TPRM requirements and principles.
- As the 2nd Line of Defence, participates in oversight reviews and assessments related to third party triages, due diligence, quality reviews, annual attestations and other control activities where required.
- Supports operational procedures and tools that assist the implementation of Third Party Risk Methodologies ensuring effective processes to identify, measure, manage, monitor and report on Third Party risks.
- Contributes to the enhancement of Operational Risk programs including, all aspects of the Third Party risk roadmap, Operational Resilience roadmap, and supporting methodologies, mechanisms, standards, reporting and operating procedures.
- Supports the use of risk identification tools such as the new initiative risk assessment (NIRA), the Risk and Control Self-Assessment (RCSA), third party risk assessments and issues management.
- Prepares and supports TPRM reporting, including analysis of key risk indicators, trends, issues and other third-party risk information for management and governance forums.
- Provides oversight to the business through assessments, ensuring remediation / action plans are appropriately addressed, monitored, reported and escalated, as necessary.
- Assists with reviews/investigations and reports for operational risk events and/or incidents.
- Manage the delivery of training to relevant employees within the business and /or critical business service to ensure they are familiar with their roles and responsibilities
Let's Talk About You- 3-5 years of experience in Third Party risk management, operational resilience, business continuity/disaster recovery
- 5-7 years of experience in an operational risk oversight role in a financial institution.
- Undergraduate degree in finance, economics, business administration or technology is an asset
- Knowledge of risk management, compliance matters, corporate governance and control frameworks.
- Strong analytical and quantitative skills and problem-solving abilities. Strong attention to detail.
- Strong written and verbal communication skills coupled with meeting facilitation abilities and good presentation skills.
- Good organizational, project and time management skills to efficiently deliver concurrent projects with competing priorities.
- Knowledge of OSFI Guidelines B-10, B-13 and E-21, with the ability to interpret and apply regulatory expectations.
- Proficiency with Microsoft Copilot and the ability to leverage AI tools and develop AI agents to improve processes and productivity.
What we offer [For full-time permanent roles]Competitive discretionary bonus
Market leading RRSP match program
🩺 Medical, dental, vision, life, and disability benefits
📝 Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Professional development and comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from EQ Bank's additional office space located at
2200-25 Ontario Street, Toronto, ON.
