Manager, Procurement Governance and Compliance

at  Manulife

The Manager, Procurement Governance will have a strong understanding of relevant risk management principles and best practices. The role is accountable for monitoring compliance to the Company’s Third Party Risk Management Standard. As a subject matter expert, the incumbent is expected to contribute to development and delivery of relevant policies, processes and tools. In this capacity, the incumbent must be skilled in influencing others to assess and monitor vendor risk. The incumbent will also be accountable to respond to internal and external audit and regulatory requests and will develop and deliver third party risk reporting based on a broad set of metrics.

• Participate in strategic planning and team decisions and committees.
• Ensure completion and compliance for all activities related to regulatory governance. Act as a subject matter expert on regulatory requirements relating to vendor risk management.
• Perform data aggregation, data analytics and reporting activities. Provide and maintain vendor risk reporting mechanisms, and track and report outcomes from vendor management activities. Collect, organize, and distribute reports and documents and recommend enhancements to reporting and audit tools.
• Aggregate key risk metrics and performance metrics and provide to the Strategic Procurement Office for reporting to the Enterprise Risk Committee, Operational Risk Committee and Board Risk Committee.
• Ensure follow-on reporting and monitoring on third party related issues and corrective action plans.
• Escalate vendor risk issues and compliance problems that have not been adequately addressed.
• Support development and execution of a robust communication and training plan to facilitate the effective awareness and application of the Global Procurement and Third Party Management Standard.
• Stay informed about the latest developments in the vendor risk management field.
• Perform any other job-related instructions, as requested, with reasonable accommodation.