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 relevant field.

• Professional designation and/or graduate degree.

• Over 12 years’ experience in the Financial Services industry, preferably in risk management

• Technical third-party risk management knowledge required.

• Experience implementing and maintaining a Third-Party Risk Management system.

• Excellent analytical skills and attention to detail.

• Direct third-party risk management experience within a major Federally Regulated Financial Institution, preferably in a methodology and/or reporting function.

• Strong writing skills and direct experience writing policies and guidelines.

• Understanding of products, practices, and third-party risks.

• Effective communication, negotiation, and conflict management skills.

• Effective change management, through impact and influence skills.

• Effective leadership skills.

Do you see yourself in this role even if you haven’t checked all the boxes above? We welcome all talented candidates and are committed to a culture that represents diversity in all forms. If you think you might thrive in this setting, we would love to hear from you.  

Not ready to apply yet but want to stay in touch? Join our talent community to stay connected until the time is right for you!  

Life is brighter when you work at Sun Life  

• Excellent benefits and wellness programs to support the three pillars of your well-being – mental, physical and financial – including generous vacation and sick time, market-leading paid family, parental and adoption leave, a partially-paid sabbatical program, medical plans, company paid life and AD&D insurance as well as disability programs and more  

• Retirement and Stock Purchase programs to help build and enhance your future financial security including a 401(k) plan with an employer-paid match as well as an employer-funded retirement account   

• A flexible work environment with a friendly, caring, collaborative and inclusive culture   

• Great Place to Work® Certified in Canada and the U.S.   

• Named as a “Top 10” employer by the Boston Globe's “Top Places to Work” two years running  

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.  

The salary range for this role is $177,000 - 283,200.

We consider various factors in determining actual pay including your skills, qualifications, and experience.  In addition to salary, this position is eligible for incentive awards based on individual and business performance as well as a broad range of competitive benefits.  

Sun Life Financial is a leading provider of group insurance benefits in the U.S., helping people protect what they love about their lives. More than just a name, Sun Life symbolizes our brand promise of making life brighter -for our customers, partners, and communities. Join our talented, diverse workforce and launch a rewarding career. Visit us at www.sunlife.com/us to learn more.  

At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.   

#LI-remote    

Our Affirmative Action Program affirms our commitment to make reasonable accommodation to the known physical or mental limitation of otherwise-qualified individuals with disabilities or special disabled veterans, unless the accommodation would impose an undue hardship on the operation of our business. Please email recruitingUS@sunlife.com to request an accommodation.

At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

For applicants residing in California, please read our employee California Privacy Policy and Notice.

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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.