AVP Third Party Risk Management

We are hiring for this position out of our Toronto, Calgary, and Vancouver offices. Successful candidates who apply outside of these areas will be expected to relocate and reside in a location that is within a commutable distance.

Role Overview

The Assistant Vice President, Third Party Risk Management (TPRM) is responsible for leading the implementation and ongoing execution of the Peoples Group TPRM framework, including ownership of the TPRM policy, supporting toolkits, inventory, and compliance tracking. This role leads and develops a team accountable for running the TPRM program, providing effective challenge to third‑party risk and criticality assessments, and ensuring regulatory requirements are met across the enterprise.

The AVP prepares regular reporting for senior management and Board committees, partners closely with Technology on the development and maintenance of the TPRM system, and works collaboratively with Legal, Procurement, Information Security, and Relationship Owners to manage third‑party onboarding, contracting, cyber risk, and ongoing monitoring. Success in this role requires strong stakeholder and conflict management skills to balance business objectives, client expectations, and regulatory obligations, as well as the ability to build productive relationships across multiple departments and drive enterprise‑wide training and compliance with TPRM requirements.

Day‑to‑Day Responsibilities

• Lead the implementation of the Peoples Group TPRM framework.
• Responsible for maintaining the TPRM Policy and Framework as well as the documentation supporting TPRM toolkits (Criticality and Risk Triage, Risk Assessment Template, Due Diligence Questionnaire, Contracting Requirements, Monitoring Plans, Contingency and Exit Planning, Exception Management).
• Manage a team of analysts and senior managers accountable for running the TPRM Framework. Lead the team in providing constructive challenge to the results of third‑party risk and criticality assessments completed by the Relationship Owners.
• Own and manage the TPRM inventory and compliance tracker.
• Prepare regular reporting for the Operational Risk Management Committee, Corporate Risk Committee and Board Risk Committee.
• Work directly with the Technology team on the development and launch of the TPRM system to facilitate completion of the required toolkits and inventory of required Third‑Party documentation. This includes accountability for User Acceptance Testing prior to launch and for regular patches and updates from the software provider.
• Successfully manage friction arising between business objectives, client expectations and regulatory requirements. Account Managers and their clients are important stakeholders in the success of TPRM. The successful candidate will be relied on to diffuse tensions when working with clients and counterparties to meet regulatory requirements for TPRM.
• Develop and coordinate enterprise‑wide training on TPRM requirements.
• Work directly with Relationship Owners to clarify requirements for the onboarding and management of Third‑Parties.
• Work closely with the Legal and Procurement departments to maintain control processes and compliance requirements when onboarding new Third‑Parties and executing contracts.
• Coordinate with the Information Security Team to assess cyber‑security control effectiveness at critical third parties.
• Working across all departments within PTC, partnering with relationship owners to maintain compliance and update third‑party criticality and risk assessment. Collaboratively escalating gaps with requirements and facilitating approval of waivers where appropriate.
• Establishing productive relationships and working successfully with stakeholders across multiple departments is essential for success in this role.

Qualifications

• 10+ years experience working in risk management or operations at a Canadian Financial Institution, with at least 5 years of experience in a management role.
• Successfully delivered enterprise‑wide risk projects requiring significant change management and training across departments.
• Familiarity with Software Development Life Cycle in the context of enterprise applications and experience developing requirements for risk management solutions and coordinating User Acceptance Testing.
• Required experience in developing Third Party Risk Management TPRM Frameworks at Small and Medium Sized Banks (SMSBs) in Canada. Alternatively, applicants with intricate knowledge and experience in running an established TPRM framework at an SMSB or DSIB will also be considered.
• Direct experience in managing OSFI expectation and regulatory findings related to TPRM and Guideline B‑10 is a significant asset.
• Strong communication skills, with experience presenting at senior management committee meetings and interacting directly with C‑level executives at SMSBs.
• Proven conflict management capabilities when working across multiple departments and stakeholders to achieve positive risk and compliance outcomes.

Benefits

• A hybrid work environment, enabling you to balance your personal and professional life seamlessly.
• Competitive salaries ranging from $130,000 to $145,000 per year, profit sharing, RRSP matching and benefits from day one.
• Generous paid time off to help achieve a healthy work‑life balance.
• A strengths‑based approach, ensuring we work together more effectively.
• A commitment to your well‑being in five key areas: Financial, Physical, Social, Career, and Community.

Work Environment

Peoples Group offers a flexible and hybrid work environment. In this role you will work a combination of in‑office and remotely from home. Typically, you'll be working regular business hours, Monday to Friday between 8:00am and 4:30pm with flexibility around start/end times.

Peoples Group is an Equal Employment Opportunity employer.