Risk Manager, Third Party Risk Management Program & Reporting

Aviva • Toronto, ON

3d • CA$110,000 - CA$125,000 • Hybrid

About The Position

Reporting to the Third Party Risk Management (TPRM) Expertise Lead, the TPRM Program & Reporting role supports with the design, adherence, and continuous improvement of Aviva Canada’s Third-Party Risk Management (TPRM) program. The Program & Reporting role works to ensure that the Aviva Canada’s TPRM program is aligned with regulatory expectations and the specific requirements of the business. The Program & Reporting role works closely with the 2nd Line Risk team to supervise, track, and report on compliance-related activities.

Requirements

• Diploma or degree in business, economics, finance or other related field or equivalent experience.
• Three to five years of relevant enterprise and/or operational risk management experience, preferably in the property/casualty insurance or related industry.
• Risk management qualifications or equivalent.
• Deep understanding of risk management principles, methodologies, and frameworks and third-party risk subject matter.
• Understanding of core vendor management and procurement activities and principles.
• Strong familiarity with OSFI Guideline B-10, B-13 and E-21.
• Understanding of process design and driving operational excellence.
• Ability to interpret, understand and apply regulatory guidance.
• Strong data analysis and reporting skills including ability to manage large and complex data sets.
• Proficient in data management and ability to collect, prioritize, and extract insights from various sources.
• Strong attention to detail and ability to ensure accuracy and integrity throughout the reporting process.
• Excellent relationship building and collaboration skills to work effectively with key internal collaborators.
• Strong communication skills to effectively communicate risk-related information and insights to various team members.
• Strong project management skills.
• Ability to effectively manage risk focused initiatives including managing relationships with key supporting partners.

Nice To Haves

• Risk Management Experience will be considered an asset.
• Experience working with vendor risk management software solutions, specifically with SAP Ariba Risk, Archer, and Logigate management platforms would be considered an asset.

Responsibilities

• Responsible for overall TPRM program design including identification of opportunities to further enhance / strengthen or optimize TPRM program in coordination with the TPRM Expertise Lead and 2nd Line Risk.
• Update, and refine TPRM policies and standards in alignment with regulatory and business requirements.
• Coordinate with Aviva Group and / or Aviva Canada functions on TPRM program design, and effectiveness.
• Assist in regulatory monitoring and compliance tracking and reporting for Aviva Canada.
• Support in interpretation, and application of third-party regulatory changes
• Collaborate with TPRM Support / Coordinator role to ensure consistent, and efficient application of Aviva’s TPRM program.
• Responsible to provide input, and commentary on overall TPRM program effectiveness to leadership and / or risk committees as required.
• Lead monitoring and tracking of TPRM program adherence including driving consistency in applying risk management principles across Aviva Canada business divisions and third-party types.
• Responsible to define and track relevant KRIs to advise TPRM program effectiveness.
• Lead in collection, analysis and aggregation of data to provide enterprise view of TPRM program and compliance.
• Design, build, and implement Third-Party Risk Management tools and dashboards
• Lead the data collection, aggregation and analysis for the enterprise third-party view.
• Coordinate across various TPRM governance groups in the collection, and consolidation of updates and data elements to be shared with leadership.
• Support in other strategic projects or priorities as defined.

Benefits

• Eligibility for annual bonus
• Retirement savings
• Share plan
• Health benefits
• Personal wellness
• Volunteer opportunities
• Outstanding career development opportunities
• Professional development education
• Competitive vacation package with the option to purchase 5 extra days off per year
• Corporate wellness programs to support our employees’ physical and mental health

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree