AVP Third Party Risk Management

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Risk Management

Pay Details:

$155,000 - $215,000 CAD

TD 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:

The AVP will lead the Third Party Risk Management (TPRM) function and is accountable for the independent oversight of TPRM. Responsibilities include:

• Risk Framework and Policy – Develop, maintain, and communicate the TPRM risk policies and associated standards
• TPRM Program - Lead the design, implementation, and continuous strengthening of the Enterprise TPRM program, establishing enterprise-level governance, policies, standards, and practices that enhance TD’s ability to effectively engage with third parties in support of its strategic objectives while managing the resultant risks
• Ongoing Monitoring – Maintain ongoing monitoring standards and scorecard methodology, challenge business monitoring results
• Regulatory Change Management – Monitor and communicate new and amended third party related regulations
• Risk Assessment Methodology – Maintain third party risk assessment methodology; monitor overrides, exceptions, and issues; assess reasonability and accuracy of risk ratings; recommend for approval pre-classified low, critical, special category ratings
• Oversight, Review, & Challenge – Lead oversight, review, and challenge of TD's management of third party related top and emerging risks, the efficacy of key controls, regulatory compliance.
• Policy Adherence/Monitoring – Provide independent assessment to verify businesses are following TPRM policy requirements
• Risk Appetite – Establish, maintain, monitor, and report TPRM Risk Appetite related statements, measures, and metrics
• Risk Measurement/Indicators – Develop, monitor and report third party risk indicators (includes reporting and monitoring at enterprise and business level, concentration risk, senior executive, and Board reports)
• Risk Oversight Forums – Lead the Third Party Risk Oversight Committee, ensuring top and emerging risks and potential control gaps are identified and flow into TD's Operational Risk Oversight Committee
• Training – Oversee design, development and delivery of training related to the management of third party driven risks
• Regulatory Engagement – Communication with the Regulators on all TPRM matters; Manage TPRM Program to meet all regulatory expectations while maintaining positive working relationships with regulators
• Provide people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all performance issues as required.

Skills and Qualifications:

• Degree in Business, Finance, Risk Management, Information Systems, Engineering, or a related field; advanced (masters) degree is beneficial
• 10+ years of progressive experience across Operational Risk, Third Party Risk, and/or Enterprise Risk within a large financial institution
• Proven experience building, scaling, or transforming enterprise-wide Third-Party Risk Management Program
• Deep knowledge of third-party lifecycle management
• Strong understanding of regulatory and control frameworks
• Executive presence with a proven ability to influence senior leadership and Board‑level stakeholders through clear advice, effective challenge, and sound judgment
• Executive presence with a proven ability to influence senior leadership and Board‑level stakeholders through clear advice, effective challenge, and sound judgment
• Strong relationship builder with demonstrated capability to partner with the first line of defense, providing credible challenge and constructive pushback where required
• Proven leader in highly matrixed, fast‑paced environments, able to manage competing priorities and deliver results across complex stakeholder groups
• Highly effective communicator and influencer who advances decision‑making and drives sustainable change over time
• Accomplished people leader with a strong track record in coaching, developing, and retaining top talent, and building future‑ready teams through largescale, global initiatives

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we strive to make every interaction, product, and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process 
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):

Sans Objet