At a Glance
- Tasks: Lead vendor risk assessments and collaborate with various teams to manage third-party risks.
- Company: Join a dynamic team in downtown Toronto focused on procurement and vendor management.
- Benefits: Hybrid work model, competitive pay, and potential for contract extension or full-time role.
- Other info: Opportunity for growth in a fast-paced, regulated industry.
- Why this job: Make an impact by ensuring vendor compliance and managing critical risks in a collaborative environment.
- Qualifications: 3-5 years in risk management, strong analytical skills, and stakeholder collaboration experience.
The predicted salary is between 104400 - 127600 $ per year.
One of Client is looking to add a Third Party Risk & Governance Analyst to their team.
This person will sit within the Procurement/Vendor Management department and will help do Third-Party risk assessments and govern vendors.
This is not a role specific to Technology - they will engage with all types of vendors.
Its a hybrid role 2 days a week in office (Tuesday, Wednesday), downtown Toronto. Its a 6 months contract to start with a potential to extend or convert into a full time role.
Responsibilities
- Lead and coordinate TPRM assessments for vendor onboarding, renewals, ongoing monitoring, and offboarding
- Partner with Business Owners, Privacy, Security, Legal, Compliance, Procurement, and vendors to identify, assess, and mitigate third-party risks
- Manage vendor criticality assessments, due diligence reviews, risk remediation plans, and risk exceptions
- Monitor supplier performance through scorecards, metrics, and Quarterly Business Reviews (QBRs) for strategic suppliers
- Track and manage incidents, issues, corrective action plans, concentration risk, and ongoing risk mitigation activities
- Develop and maintain Exit Plans and Business Continuity Plans based on vendor criticality and risk tier
- Maintain the TPRM Inventory and ensure vendor risk records, due diligence documentation, and governance activities remain current
- Support audits, regulatory requirements, and adherence to TPRM Policy
Mandatory Skills
- 3-5 years of experience in Third-Party Risk Management, Vendor Risk Management, Governance, Compliance, Procurement, or Operational Risk
- Experience managing vendor due diligence, risk assessments, ongoing monitoring, and remediation activities
- Strong stakeholder management skills and the ability to collaborate across business, risk, and vendor teams
- Strong analytical, organizational, and communication skills
- Experience supporting technology, Saa S, cloud, or managed service providers is an asset
Nice to Have
- Experience supporting financial services, insurance, healthcare, or other regulated environments.
- Understanding of OSFI B-10, third-party risk management principles, operational resilience, or enterprise risk management frameworks.
- Experience facilitating QBRs, vendor scorecards, and performance monitoring programs.
- Exposure to Saa S, cloud, managed services, and technology supplier ecosystems.
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Third Party Risk & Governance Analyst in Toronto employer: OnX
OnX Enterprise Solutions is an exceptional employer that fosters a dynamic work culture in Calgary, where innovation and collaboration thrive. With a strong focus on employee growth, we offer comprehensive training and development opportunities, ensuring our team members are equipped to excel in their roles. Our competitive compensation package, including performance-based bonuses, combined with the chance to build meaningful relationships within Calgary's vibrant enterprise community, makes OnX a rewarding place to advance your career.
