Senior Manager, Vendor Risk

Company: CGL

Department: Enterprise Procurement

Employment Type: Regular Full-Time

Work Model: Hybrid

Language: This role operates in English

Additional Information: This/these role(s) is/are currently vacant

The Opportunity

We are a leading Canadian financial services cooperative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That’s why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients, and our communities.

This role is responsible for Vendor Risk Management function that apply to all in-scope third-party vendor engagements supporting Business Areas with assumed vendor risk management tasks. The role has ownership of all policy related documents, being a subject matter expert provide advice and guidence to Business Areas navigating through the Vendor Risk Management policy and application. This role will be a primary stackholder to vendor risk incidents (breach). The Senior Manager will lead and manage team performance.

How You Will Create Impact

• Develop, maintain, and continuously enhance Enterprise procurement’s third-party risk management in accordance with internal policies and OSFI regulatory expectations.
• Ensure enterprise-wide compliance with applicable regulatory requirements and supervisory guidelines related to the management of third-party and outsourced service provider risks.
• Collaborate with business units (first line) and oversight functions (second line) to ensure consistent execution and monitoring of third-party risk controls throughout the lifecycle.
• Lead the development and ongoing refinement of third-party risk assessment methodologies, incorporating both inherent and residual risk perspectives in alignment with the institution’s risk appetite and regulatory guidance.
• Establish and evolve risk scoring models to evaluate third parties across multiple risk domains (e.g., operational, information security, financial, concentration, and reputational risks).
• Ensure that risk assessments are embedded in decision-making processes and support a risk-informed approach to onboarding, contract renewal, and offboarding.
• Work cross-functionally with internal risk stakeholders to simplify and align risk assessment activities, ensuring a consistent, proportionate, and efficient approach across business lines and risk categories.
• Leverage data and reporting to monitor program performance, identify control gaps, and escalate key issues, ensuring documentation is audit-ready and regulatory-compliant.
• Provide executive leadership and risk committees with clear and timely insights into the organization’s third-party risk profile, emerging risks, and associated mitigation strategies.
• Report enterprise-wide compliance with applicable regulatory requirements and supervisory guidelines related to the management of third-party and outsourced service provider risks.
  
  
  

How You Will Succeed

• You have an innovative mindset to improve operational efficiencies and ability to influence change, with a primary focus on client needs.
• You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions and proactively propose solutions.
• You have strong communication skills to clearly convey messages and explore diverse points of view.
• You build trusting relationships and provide guidance to support the development of colleagues.
  
  
  

To Join Our Team

• Post-secondary degree in business, contract law, vendor risk or other related field. Having the SCMA, CRMP, CRM would be an asset.
• 7 years of experience in in leading staff, contract management and/or vendor management.
• Proven success leading engaged staff.
• Expert staying current, understanding and applying industry/regulatory requirements to support business needs.
• Expert in managing vendor relationships.
• Expert in assessing and managing vendor risk.
• Proven success building relationships and collaborating.
• Working experience owning and managing policies.
  
  
  

What You Need To Know

• You will travel occassionally.
• You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.
  
  
  

What’s in it for you?

• Training and development opportunities to grow your career.
• Flexible work options and paid time off to support your personal and family needs.
• A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
• Paid volunteer days to give back to your community.
• In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (e.g., health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.