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Senior Analyst, Third-Party Risk Reporting and Compliance

  • Location: Toronto, ON
  • Project Type: Banking Operations

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JOB DESCRIPTION

Location: Hybrid | Downtown, Toronto

Duration: 12 months

Our client, a leading financial institution in Downtown Toronto, is looking for a Senior Analyst, Third-Party Risk Reporting and Compliance, to perform and deliver against additional key monitoring activities required to meet compliance to Bank Enterprise Third Party Risk Policies and Standards. The successful candidate will have the opportunity to work with one of the Top 5 Banks in Canada.

Typical Day in role:

As Senior Analyst, Third Party Risk Reporting & Compliance, you are expected to fully support the Sr. Manager, Reporting & Compliance with comprehensively executing against quarterly enterprise, regional and line-of-business third-party supplier risk reporting, as well as perform key monitoring activities, ensuring compliance to Bank Enterprise Third Party Risk Policies and Standards. This role is also expected to eagerly embrace the daily use of Bank AI tools, including knowledge expansion of AI Agent creation to optimize manual processes.

 

You will…

  • Collate and piece together necessary data from various data sources to draft quarterly reporting on the risk health of Functions’ portfolio of third-party suppliers for multiple Bank Third Party Risk Committees (Enterprise, US Region and Europe/UK Region).
  • Collate and piece together necessary data from various data sources and draft the quarterly Functions-specific line of business reporting.
  • Perform and deliver against additional key monitoring activities required to meet compliance to Bank Enterprise Third Party Risk Policies and Standards.
  • Use Bank AI tools daily to optimize processes.

 

Primary Responsibilities

 

Third Party Risk Reporting & Governance (40%)

  • Collect and stitch together necessary data from various data sources and draft reporting for enterprise, regional and line-of-business third-party supplier risk reporting.
  • Ensure compliance with Enterprise Third Party Risk Policies and Standards are met.
  • Flag risk health reporting for assigned portfolios to Sr. Manager, FSMO Compliance & Reporting.
  • Pilot the use of Bank AI tools to optimize this process.

 

Stakeholder Engagement (10%)

  • Act as a liaison between Functions Practice Management & Compliance, enterprise risk groups, and other key risk partners.

 

Monitoring & Oversight (30%)

  • Delivery key monitoring activities required to meet Enterprise Third Party Risk Policy requirements.
  • Ensure risks are accurately flagged to Sr. Manager, Compliance & Reporting for review.
  • Pilot the use of Bank AI tools to optimize this process.

 

Execution & Delivery Excellence (20%)

  • Own end-to-end activity performance of creation of draft reports and monitoring deliverables, ensuring accuracy, timelines, and consistency.
  • Maintain high standards of quality and control with all outputs.
  • Pilot the use of Bank AI tools to optimize this process.

Must Have Skills:

  • Mid-level role with proficient knowledge of reporting and monitoring practices in the third-party risk and relationship management space.
  • Hands on reporting, monitoring and execution experience in a large complex financial organization.
  • Strong data analysis skills and working knowledge of reporting systems.
  • Understanding of Third-Party Risk Management Lifecycle, knowledge of global regulatory standards for third-party risk management, as well as related (Bank) policies and standards.
  • Enterprise-wide assurance, monitoring, audit or controls development and or execution.
  • Formidable critical thinking, analytical and problem-solving skills with a high degree of flexibility and resourcefulness.
  • Committed to using available AI technologies to drive efficiency and effectiveness.
  • 3+ years of experience in Supplier Risk/Risk Management (Risk and Governance practices, Frameworks and methodologies, Supplier / Third Party Risk Management Lifecycle).
  • 3+ years Business Analysis (process, workflow, requirements) /change management experience.

Nice-To-Have Skills:

  • Understanding of systems development lifecycle, including software models (cloud, SaaS, IaaS, PaaS, MS Power BI).
  • Familiarity with the financial services/banking.
  • Ability to read contract and commercial purchase language.

Soft Skills Required:

  • Confident communicator and presenter
  • Excellent oral and written communication
  • Excellent organization and planning
  • Excellent project management and time management
  • Wide degree of creativity and latitude
  • Strong knowledge and understanding of current trends with digital tools
  • Strong critical and analytical thinking
  • Collaborative and strong team player (Personable and able to build relationships with key stakeholders)
  • Ability to manage conflicts and issues resolution and escalation
  • Self-motivated with a positive and professional approach

Education:

  •  Bachelors in Business, Finance or Risk or in pursuit of said designations.

FP Inc. is committed to creating an inclusive environment where all team members and clients feel like they belong. In accordance with the requirements set out in the Employment Standards Act, FP Inc. hereby declares that AI is utilized in the screening process for this position. The hourly compensation range for this role is $50/hr -$64/hr. We seek applicants with a wide range of abilities, and we provide an accessible candidate experience. We advocate for you and welcome anyone regardless of race, colour, religion, national origin, sex, physical or mental disability, or age.