Senior Risk Management Strategist, Third Party Governance

1 week ago


Wellesley, Massachusetts, United States Sun Life Financial Full time

Unlock a brighter future with Sun Life Financial as a Senior Risk Management Strategist, Third Party Governance.

We are seeking a seasoned professional to drive our Third-Party Risk Management program forward. If you have a passion for risk management and want to make a meaningful impact, we encourage you to apply.

About the Role:

This dynamic role will oversee the development and maintenance of our Third-Party Risk Management policy, ensuring it remains aligned with regulatory requirements and industry best practices. You will lead the review and oversight of third-party risk governance documents established by Sun Life subsidiaries and joint ventures. Your expertise will be critical in maintaining the integrity of our TPRM program, driving continuous improvement, and strengthening program governance, effectiveness, and efficiency.

Your Key Responsibilities:

  • Maintain and enhance the Third-Party Risk Management program, including updates to the TPRM Policy and Enterprise Operating Guideline (EOG) and strategy, roadmap, tools, and budget.
  • Review and oversee alignment of third-party risk governance documents established by Sun Life subsidiaries and joint ventures.
  • Develop, maintain, communicate, and oversee 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 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 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).

About 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.

What We Offer:

  • An estimated salary range of $177,000 - $283,200.
  • Excellent benefits and wellness programs to support your mental, physical, and financial well-being.
  • A flexible work environment with a friendly, caring, collaborative, and inclusive culture.
  • Opportunities for career growth and professional development.
  • A chance to work with a leading provider of group insurance benefits in the U.S.

Sun Life Financial is committed to diversity, equity, and inclusion. We welcome applications from qualified candidates who reflect the diversity of our communities. If you're passionate about risk management and want to make a difference, we encourage you to apply.



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