AVP, Third Party Risk Management

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

Location: We support US flexible working arrangements in the contiguous 48 states.   

At Sun Life, we look for optimistic people who want to make life brighter for our Clients. We understand the value of diverse cultures, perspectives, and identities, and want you to bring your full and authentic self to work. Every day, you’ll be empowered and challenged by working with dynamic colleagues to find new and innovative ways to make Sun Life the best benefits company in America.  

The opportunity:

Reporting to the Vice President, Corporate Operational Risk Management and Risk Initiatives, the AVP, Third Party Risk Management (TPRM), is accountable for the oversight of the third-party risk management policy requirements and underlying programs to support third-party risk management across the enterprise. The AVP will maintain the Third-Party Risk Management (TPRM) program leading continuous improvement of the methodology, including enhancements to tools. This dynamic role is accountable to support the enterprise-wide Third-Party Risk Management program through transformation initiatives, driving innovation, and strengthening program governance, effectiveness, and efficiency.

How you will contribute:

• Lead the maintenance, and ongoing enhancement of the Third-Party Risk Management Program (TPRM) including updates to TPRM Policy and Enterprise Operating Guideline (EOG) and strategy, roadmap, tools and budget.  

• Lead the review and oversight alignment of third-party risk governance documents established by Sun Life subsidiaries and joint ventures. 

• Lead the development, maintenance, communication, and oversight of SL’s third-party risk appetite statements.

• Provide second line oversight and challenge as Policy Contact Third Party Risk Management Framework. This includes maintaining, oversight and challenge of enterprise-level TPRM KRIs and KPIs, analysis of TPRM related OREs, RCSA issues, policy non-compliance.

• Manage a team that works closely with Business Group Risk Office members and 1st line operational risk personnel in the assessment of risks and effective roll-out of program changes.

• Oversee the quarterly, and annually, TPRM reporting presented to senior management and the Risk Committee.

• Development, maintenance, and communication of TPRM Program strategy and roadmap.

• Development, maintenance, and implementation of the various tools meant to identify, measure, manage, monitor and report on Third-Party risks.

• Provide advice into strategic decisions and program improvements related to the Third-party Risk Management program.

• Provide oversight of Sun Life’s implementation of various third-party risk management program elements.

• Establish, maintain, and continually enhance the oversight and monitoring frameworks with respect to the TPRM program.

• Leverage business and industry acumen and assess complex third-party risk issues to guide solution recommendations and mitigate third party risk

• Design and implement solutions to remain aligned with regulatory requirements.

• Monitor and benchmark Sun Life third-party risk practices against industry standards and best practices.

• Respond to OSFI and other regulators on TPRM requests.

• Maintain TPRM system (ServiceNow).

What you will bring with you:

• Bachelor’s degree in Business, Management, Finance, Engineering or a re