Requisition ID: 273508
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Senior Manager, Third Party Risk Management (TPRM) acts as a subject matter expert responsible for providing enterprise-level guidance, oversight, and effective challenge across the third party risk lifecycle. The role supports the continued maturity of the TPRM program by interpreting policy and operating requirements, advising stakeholders, strengthening governance practices, and promoting consistent execution across business, control, and second line teams. The Senior Manager provides expert advice and guidance on TPRM requirements, including risk assessment methodology, due diligence expectations, control function engagement, risk acceptance, issues and incidents, subcontractor oversight, and ongoing monitoring. The role serves as a trusted advisor to stakeholders by translating policy and regulatory expectations into practical execution guidance while maintaining alignment with the Global TPRM program.
Is this role right for you? In this role, you will:
- Act as a TPRM subject matter expert for business units, internal controls, control functions, local second line teams, procurement, legal, and other stakeholders.
- Provide interpretation and practical guidance on TPRM policy, operating standards, procedures, risk assessment requirements, and governance expectations.
- Support consistent application of the TPRM lifecycle, including intake, inherent risk assessment, due diligence, residual risk determination, risk acknowledgement, renewal, termination, and ongoing monitoring.
- Conduct independent oversight and effective challenge of third party risk activities, with a focus on quality, completeness, risk-based decision-making, and alignment to program requirements.
- Advise on complex or elevated third party risk matters, including critical arrangements, high or very high inherent risk arrangements, material issues, exceptions, subcontractor risks, and regulatory considerations.
- Partner with control functions and business stakeholders to resolve assessment challenges, clarify accountabilities, and support timely completion of risk activities.
- Support development, maintenance, and enhancement of TPRM procedures, guidance documents, job aids, training materials, and stakeholder communications.
- Identify process gaps, recurring rework drivers, and opportunities to improve efficiency, consistency, and stakeholder experience across the TPRM operating model.
- Contribute to governance reporting, metrics analysis, issue tracking, and senior management updates related to third party risk trends, program adherence, and emerging risks.
- Promote awareness of third party risk requirements and reinforce accountability for managing third party arrangements within risk appetite.
- Strong understanding of third party risk management frameworks, regulatory expectations, and three lines of defence accountabilities.
- Deep knowledge of TPRM lifecycle activities, including risk identification, due diligence, control evaluation, mitigating actions, risk acceptance, monitoring, and issue management.
- Ability to interpret policy and operating standards and apply them to complex business scenarios in a practical and risk-based manner.
- Knowledge of control function review processes, risk domain requirements, subcontractor oversight, criticality assessment, concentration risk, and governance escalation pathways.
- Strong judgment in determining when matters require escalation, additional review, advisory support, or senior management attention
- Build trusted relationships with senior stakeholders across business, risk, procurement, legal, technology, and control function teams.
- Influence stakeholders through clear advice, constructive challenge, and pragmatic recommendations.
- Lead working sessions to resolve process ambiguity, align on accountabilities, and drive timely risk decisions.\
- Coach and support team members by sharing technical knowledge, reviewing complex files, and reinforcing consistent risk practices.
- Communicate complex third party risk concepts clearly for both executive and operational audiences.
- Stakeholders receive timely, clear, and consistent TPRM advice and guidance.
- Complex risk assessments and escalations are supported with sound judgment and effective challenge.
- TPRM procedures, guidance, and training materials remain current, practical, and aligned to program requirements.
- Recurring assessment issues, data quality concerns, and process gaps are identified and addressed through continuous improvement actions.
- Governance reporting and senior management updates accurately reflect key third party risk themes, issues, and emerging risks
Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
- 7 to 10 years of experience in third party risk management, operational risk, compliance, audit, procurement risk, governance, or a related risk discipline.
- Experience advising stakeholders on policy interpretation, risk assessments, controls, governance, issues management, or regulatory requirements.
- Demonstrated ability to assess complex risk scenarios, identify gaps, and recommend practical mitigation approaches.
- Strong written and verbal communication skills, including the ability to prepare senior management materials, procedures, guidance, and decision support documentation.
- Experience working in a matrixed environment with cross-functional stakeholders and competing priorities.
- Knowledge of financial services regulatory expectations related to third party risk management is an asset.
What’s in it for you?
- An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
- We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
- Your career matters! You will have access to career development and progression opportunities.
Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.
