Vendor Management Specialist - Third Party Risk Assessment

Vendor Management Specialist - Third Party Risk Assessment

Location: Toronto, ON

Onsite Flexibility: Hybrid 2 days per week on-site (Mondays and Tuesdays)

Contract Details

• Position Type: Contract
• Contract Duration: 12 months (extension may be possible according to business needs)
• Pay Rate: C$45.00 C$50.00 / Hour (CAD)
• Shift / Schedule: 37.5 hours/week, 9:00 AM 5:00 PM, Monday to Friday; flexibility with start/end time is possible

Job Summary

The Vendor Management Specialist will support in managing the Investor's Edge (IE) team's relationships with market data, research, technology product, and professional services vendors. You will work in partnership with the IE Product team, our procurement partners, and other stakeholders, with significant stakeholder interaction across areas of the business including risk, legal, procurement, and product teams.

Key Responsibilities

• Manage vendor contracting lifecycle processes from ideation through to execution, and portfolio management of third party suppliers (30 )
• Quote meter audits working with external market exchanges to manage audit requests and audit reports, as required
• Ensure compliance to procurement standards, intakes, and third-party risk assessment (TPRA) process
• Management of documentation maintaining centralized library of contracting documents, including NDAs, intake submissions, RFIs, RFPs, onboarding documentation, invoices, etc.
• Liaising with internal procurement, governance, operation, and audit groups to ensure compliance standards are maintained for all third party suppliers
• Working with procurement on pricing negotiations with vendors, onboarding new vendors, working with contract services group to draft contracts and amendments
• Completion of required market data documentation (i.e., market data questionnaires, exhibits, schedules, investment dealer forms, etc.)
• Coordination and circulation of draft contracts/agreements with key stakeholders securing approvals
• Drafting executive summaries for budget owner approvals
• Ensure compliance with procurement best practices while achieving best value from vendors
• External vendor relationship management
• Working with internal business groups across Wealth including product owners, leadership team, operations, risk teams, marketing, technology, mid-office, market data services, finance, procurement, and market data services (MDS) etc. seeking guidance from internal and external legal counsel when required
• Mediate and facilitate resolution of IMFs (issues management form) and risks that arise throughout the contracting process
• Overall portfolio management and vendor performance monitoring alerting stakeholders of upcoming renewals and contract expirations
• Contributing to vendor performance score card data, overall contract tracker and vendor expenses, planning and forecasting for fiscal year cycles (both retail business and contact centre)
• Contribution to vendor strategic planning and analysis tracking costs (and increases), finding greater value from suppliers and recommending cost savings
• Process improvement recommendations and aligning synergies internally
• Competitive intelligence (how are other brokers using the same market data and research on their platforms, new products, services, etc.)

Required Experience

• Approximately 3 years' experience with vendor management and contract lifecycle management
• Experience supporting procurement processes and third-party/vendor governance activities
• Experience coordinating or supporting Third Party Risk Assessments (TPRA)

Nice-to-Have Experience

• Experience using TPRA platforms such as Archer, Coupa Risk Assess, or similar systems
• Experience with procurement systems and workflows
• Prior experience within online brokerage environments and/or prior financial institution experience
• Experience working with market data and industry research vendors

Required Skills

• Exceptional organizational and documentation management skills
• Strong project management skills and familiarity with project management methodologies (JIRA, Kanban, Agile, etc.)
• Highly organized and detail-oriented
• Strong stakeholder management and relationship-building skills
• Ability to work independently and hit the ground running
• Adaptable and comfortable navigating changing priorities
• Strong sense of ownership and accountability
• Medical, Vision, and Dental Insurance Plans
• 401k Retirement Fund

About the Client

This client is a leading North American financial institution offering a comprehensive range of banking, wealth management, and capital markets products and services to individuals, businesses, and institutional clients across Canada and internationally. With a well-developed training framework, structured recognition programs, and meaningful commitments to inclusion and diversity, the organization employs thousands of professionals including vendor managers, procurement specialists, risk analysts, and financial services professionals who collaborate across business lines to deliver personalized financial solutions at scale.

About GTT

GTT is a minority-owned staffing firm and a subsidiary of Chenega Corporation, a Native American-owned company in Alaska. We highly value diverse and inclusive workplaces and support Fortune 500 organizations across banking, financial services, technology, life sciences, biotech, utilities, and retail sectors throughout the U.S. and Canada.

Job Number: 26-13455

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