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Advisor, Third Party Risk Management Governance and Reporting

Toronto, ON
Full Time
2 days ago
Requisition ID: 148385

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.


The Advisor, Governance & Reporting is shared services function responsible for supporting colleagues within
the Third-Party Management - technology team, and 1A stakeholders across IT&S. This role is accountable
for creating, implementing, and maintaining the vendor governance framework, policies and procedures to
ensure IT&S remains compliant with Global Third-Party Risk Management and Global Procurement policies.
The Advisor, Governance & Reporting, will be tasked with creating reports and dashboard on overall vendor
portfolio, including Performance, Risk Management, and Financial impacts (including centralized tracking and
allocation of vendor credits, and actual vendor spend against committed contracts and IT budget). The role will
also be responsible for performing Quality Assurance activities for the IT&S 1A community to ensure adherence
to TPRM policies and procedures, and identifying, monitoring, and mitigating risks related to IT vendors and
service providers, including resolution of issues and remediation of any applicable internal/external audit issues
related to IT vendors.


• Transformation & Audit:
Collaborate with IT&S and Risk & Control partners to remediate audit findings
Health Check: define scope, train TPM to execute, score, publish reporting
Internal/external (Lob 1A) training on Supplier Qualification and TPM
Collaborate and support the design and implementation of the Third-Party Risk Management
(TPRM) and Contract Lifecyle Management (CLM) modules for across IT&S

• Management & Financial Reporting:
Weekly management reporting on EPM Pipeline. Follow-up QA of reports/records
Issue periodic CSAT survey to IT&S stakeholders, aggregate results, and publish
Execute the aggregation and consolidation of department meeting materials and department
summaries for IT&S Executive Management
Review approval memos & perform savings validations for new contracts and/or changes to
existing contracts
Coordinate & facilitate the annual pipeline exercise to identify opportunities for operational
efficiencies, vendor rationalization, and financial benefits

• Compliance & Remediation:
SME on TPRM and Due Diligence requirements
Participate in annual compliance reviews & TPRM attestation
Assist with facilitation for the Annual BCP
Complete ongoing compliance monitoring of 1A's to the TPM & TPRM policies

• Data Governance:
Consolidate and aggregate KRI & KPI reporting

• Net Promoter Score
• TPRM Compliance and Key Risk Indicators (TPMT and ITS globally)
• Audits open/closed
• TPM activities, QBRs, dashboards, etc.
Data provisioning, model development, and ongoing maintenance (segmentation)
Maintain and publish TPM-T's spend database (including quarterly updates)

• Key Shared Accountabilities:
Adoption, & compliance to TPRM, TPM, and other internal policies

• 1A awareness & execution of TPM & TPRM
• TPM-T due diligence and governance
Training and communication with 1A IT&S & risk & control stakeholders
Record keeping & administration of new contracts and TPM activities (EPM Pipeline,
Relationship Tracker, New FY Pipeline, etc.)
Data quality review and timely inputs
End to end understanding of third-party relationships

• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities
and decisions.
• Creates an environment in which he/she pursues effective and efficient operations of his/her respective
areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to
meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct
risk, including but not limited to responsibilities under the Operational Risk Management Framework,
Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines
for Business Conduct.

Education and Experience

• Thorough understanding of Supplier Qualification, TPM, and TPRM processes
• Advanced knowledge of third-party analytics
• Technical skills such as Database, PowerBI
• Ability to tailor reporting, presentations, and details to the audience (senior to junior audience)
• Clear and thoughtful communicator
• Attention to detail and consistency
• Work effectively in cross functional team
• Ability to Influence outcomes and decisions


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.

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