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purchasing manager
Title posted on CareerBeacon - Vendor Manager III
Posted on December 17, 2024 by Employer details TD Bank
Job details
Work Location:Toronto, Ontario, CanadaHours:37.5Line of Business:Procurement & SourcingPay Details:$91,200 - $136,800 CADTD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.Job Description:Manage Third Party Business Arrangements through all stages of the TPML, in alignment with relevant frameworks, policies and standards. Vendor Managers are expected to understand and maintain knowledge of Business Arrangement terms (including key Third Party and business segment or corporate function (TD) deliverables). Vendor Managers are also responsible for monitoring, analyzing and reporting on performance of Business Arrangements and identifying and escalating issues where identified in order to mitigate risk. On more strategic, critical and/or complex relationships across multiple business segments or corporate functions, role may also act as the Lead Vendor Manager supporting the Accountable Executive that owns TD's relationship with the Third Party.Demonstrate proficiency in general accountabilities of Vendor ManagementEnsure strong understanding of the Bank's vendor management tools including SAP Ariba and Coupa RiskBuild/foster solid relationships and organizational alignment with our business, Strategic Sourcing, legal and contract partners, attending/facilitating meetings and participating in working sessionsSupport P&T business units in achieving their targets by contributing to their success and pro-actively recognizing opportunities for the business to meet these goalsDevelop proposals/recommendations related to vendor services and practices in connection with the vendor(s)Deals with a range of complex issues and policies in the management of the vendorManage multiple vendor engagements in support of TD Wealth's strategic goals and objectivesEnsure strong understanding of contractual terms, and their implications by working closely with business partners to ensure their requirements are metFacilitate phases of the Third Party Risk Management Lifecycle, and ensure compliance with TPRM Policy, Standard and FrameworkAccountable and responsible for timely completion of Third Party Inherent Risk Assessments and Control Assessments for new/changing third party relationships, including review/approval from key stakeholdersAccountable for the quality of advice and support provided to the business and achievement of their overall objectivesLead the assessment/development of SLA's, standards, policies, procedures and compliance monitoring plans that maximize customer satisfaction, decrease risk and/or mitigate to the maximum of availability, efficiency and effectivenessManage timely renewal of all contracts; Participate in contract renewal and negotiation process, working with internal partners (Legal, Sourcing) as well as business partners to ensure contracts and agreements maximize our values, meet business objectives, regulatory requirements, mitigate risks and meet the TD policies and standardsManage vendor relationships, and compliance of vendor commitments from active arrangementsAccountable and responsible for monitoring vendor performance and risk, via reporting/dashboards/governance routineAccountable and responsible for risk and issue management, escalating and tracking 3PCRM cyber findings and vendor issues per TPRM Issue management requirements, partnering with- LocationToronto, ON
- Workplace information On site
- SalaryNot available
- Terms of employment Permanent employmentFull time
- Starts as soon as possible
- vacancies 1 vacancy
- Source CareerBeacon #2129954
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