Division: Risk, Audit & Sustainability
IGM Financial Inc. is one of Canada's leading diversified wealth and asset management companies with approximately $271 billion in total assets under managements. The company provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals. Its activities are carried out principally through IG Wealth Management, Mackenzie Investments and Investment Planning Counsel.
Under IGM Financial’s unique business model based on leading brands and multi-channel distribution strategy, we’re IG Wealth Management. For over 90 years of business we have grown to become one of the largest most respected companies in Canada. We are a leader in providing the best advice, experience and outcomes for our clients, personalized throughout their lifetime.
At IG Wealth Management, our vision is to inspire financial confidence.
This is your opportunity to build a career with a leading organization where you can learn, grow and thrive both professionally and personally. We are proud to be recognized as one of Canada’s Top Employers by Mediacorp Canada Inc. for empowering our employees with the tools to thrive while working remotely, while also providing resources to ensure physical and mental wellness were put front and centre.
You will join a team that that believes our success starts with the success of our clients, while working together as a team to realize our greatest potential. You will join a team that strives towards excellence while developing and sharing skills and knowledge. You can make a difference for our clients, the world around us and be part of a team that cares. We are dedicated to offering a hybrid work environment when applicable.
IG Wealth Management is a diverse workplace committed to doing business inclusively - this starts with having a representative workforce! We encourage applications from all qualified candidates that represent the diversity present across Canada – including racialized persons, women, Indigenous persons, persons with disabilities, 2SLGBTQIA+ community, gender diverse and neurodiverse individuals, as well as all who may contribute to the further diversification of ideas.
Department Summary
The Risk Management (“Risk”) Function partners with the business to create a risk engaged culture, provide insights to mitigate threats and seize opportunities, and assesses the company's risk landscape relative to stakeholder expectations. Responsible for the second line oversight of financial, non-financial, strategic and business risk management across the IGM group of companies, the Risk Function also has responsibility for Corporate Sustainability, CSOX and Insurance programs and administrative oversight of IGM Financial’s internal audit function.
Position
The Manager, Third Party Risk Management (TPRM) is responsible for assisting with the company’s second line of defense TPRM functions including oversight of procurement & sourcing, delivery and service performance and vendor management risks. This position reports to the AVP, Risk Management, and is part of the broader risk management team under the leadership of IGM’s EVP and Chief Risk Officer.
Responsibilities
Foster a strong risk culture within the organization, working closely with operational units, business leaders and senior management.
Serve as a TPRM subject matter expert within the Risk department, including identifying, monitoring and reporting on third party risks including risk mitigation activities and risk acceptance.
Support the development, implementation, and maintenance of the company’s TPRM strategy, methodology and culture in collaboration with key stakeholders.
Act as a liaison for second line TPRM across the company, with primary business groups including Procurement, Legal, Information Security & IT Risk and Compliance.
Support TPRM reporting and governance related activities.
Provide TPRM perspective and context to the Risk department’s risk framework methodology and assist with identifying and reporting of KRI’s and top and evolving risks.
Participate on ad hoc projects or company initiatives to support TPRM as required.
Maintain ongoing awareness of developments in TPRM and associated internal controls, including industry developments.
Core Competency Requirements
TPRM leader, who is hands-on, proactive and demonstrates a strong, collaborative, team first mentality.
Solid knowledge of risk fundamentals such as: risk taxonomies, risk/control identification, risk assessment, testing methods, sampling techniques, etc.
Able to form independent TPRM views, respectfully challenge business unit’s risk assessments and mitigations/control activities and creatively develop approaches and solutions for complex issues.
Advanced verbal and written communication skills, in particular, the ability to produce value-driven, clear, concise and high impact reporting for consumption by executive management, board and audit committees.
Superior problem solving and decision-making skills to resolve work issues with the ability to work under pressure in a dynamic environment.
Superior collaboration, and interpersonal skills with a demonstrated ability to work effectively and build consensus in a multi-functional team environment.
Experience Requirements
5-8 years of experience in third party risk management, contract negotiation or vendor management (or combination thereof).
Strong core foundation experience in fundamental vendor management processes and methodologies.
Education at the bachelor level or equivalent TPRM related experience.
Experience with building and reporting on Key Performance Indicators (KPI), Key Risk Indicators (KRI) and establishing thresholds with corrective actions.
Superior understanding of procurement and vendor relation concepts, protocols, industry best practices and strategies relating to TPRM.
Experience working with stakeholders from across the organization including procurement, IT risk, legal, audit, and compliance staff.
Knowledge of the Financial Services industry would be an asset.
Please visit our career page by clicking on the following link: https://www.ig.ca/en/careers
We thank all applicants for their interest in IG Wealth Management; however only those candidates selected for an interview will be contacted.
IG Wealth Management is an accessible employer committed to providing a barrier free recruitment experience. If you require an accommodation or this information in an alternate format at any stage of the recruitment process, please reach out to the Talent Acquisition team who will work with you to meet your needs.
Please apply by November 27, 2023.
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