AVP, Third Party Risk Management

Sun Life Financial-posted about 1 year ago

$177,000 - $283,200/Yr

Full-time • Senior

Wellesley, MA

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

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The AVP, Third Party Risk Management (TPRM) at Sun Life is responsible for overseeing the third-party risk management policy and programs across the enterprise. This role involves maintaining and enhancing the TPRM program, driving innovation, and ensuring effective governance and compliance with regulatory requirements. The AVP will lead a team in assessing risks, managing program changes, and reporting to senior management, while also fostering a culture of collaboration and continuous improvement.

Lead the maintenance and enhancement of the Third-Party Risk Management Program (TPRM).
Update TPRM Policy and Enterprise Operating Guideline (EOG) and strategy, roadmap, tools, and budget.
Review and oversee alignment of third-party risk governance documents established by Sun Life subsidiaries and joint ventures.
Develop, maintain, communicate, and oversee SL's third-party risk appetite statements.
Provide second line oversight and challenge as Policy Contact for the Third Party Risk Management Framework.
Maintain oversight of enterprise-level TPRM KRIs and KPIs, and analyze TPRM related OREs and RCSA issues.
Manage a team that collaborates with Business Group Risk Office members and 1st line operational risk personnel.
Oversee quarterly and annual TPRM reporting presented to senior management and the Risk Committee.
Develop and communicate TPRM Program strategy and roadmap.
Implement tools to identify, measure, manage, monitor, and report on Third-Party risks.
Advise on strategic decisions and program improvements related to the TPRM program.
Establish and enhance oversight and monitoring frameworks for the TPRM program.
Assess complex third-party risk issues and guide solution recommendations.
Design and implement solutions to align with regulatory requirements.
Monitor and benchmark Sun Life's third-party risk practices against industry standards.
Respond to OSFI and other regulators on TPRM requests.
Maintain the TPRM system (ServiceNow).

Bachelor's degree in Business, Management, Finance, Engineering or a relevant field.
Professional designation and/or graduate degree.
Over 12 years' experience in the Financial Services industry, preferably in risk management.
Technical third-party risk management knowledge required.
Experience implementing and maintaining a Third-Party Risk Management system.
Excellent analytical skills and attention to detail.
Direct third-party risk management experience within a major Federally Regulated Financial Institution.
Strong writing skills and experience writing policies and guidelines.
Understanding of products, practices, and third-party risks.
Effective communication, negotiation, and conflict management skills.
Effective change management skills.
Effective leadership skills.

Generous vacation and sick time.
Market-leading paid family, parental and adoption leave.
Partially-paid sabbatical program.
Medical plans, company paid life and AD&D insurance, and disability programs.
401(k) plan with an employer-paid match.
Employer-funded retirement account.
Flexible work environment with a collaborative culture.

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