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purchasing manager
Title posted on CareerBeacon - Vendor Manager II
Posted on November 02, 2024 by Employer details TD Bank
Job details
Work Location:Toronto, Ontario, CanadaHours:37.5Line of Business:Procurement & SourcingPay Details:$76,800 - $115,200 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:Department Overview :TD Business Banking provides financial solutions to Canadian businesses of all sizes across a wide range of industries. In pursuit of The Quest, dedicated Better Business Bankers deliver customized solutions to meet the unique needs of our customers. Drawing on a range of products and services including financing, deposit, investment, cash management, international trade and foreign exchange, we provide the right tools and advice to help customers achieve their goals. The Business Banking VMO supports a dozen LOBs under the Business Bank umbrella including Merchant Solutions, Auto Finance, Equipment Finance, UGO, Credit, Commercial Banking and Commercial Mortgage, to name a few. The BB VMO resides within the larger Enterprise VMO of the bank.Job Description :Thought leader and strategic thinker, with a future-focused mindset on how to drive the business forwardInitiate intake via a Sourcing Request and follow the Third-Party Risk Assessment (TPRA) processFacilitate and manage Business Arrangements throughout all phases of the Third-Party Risk Management Lifecycle (TPML), and ensure compliance with TPRM Policy, Standards and Framework. Accountable and responsible for timely completion of Third Party Control Assessments for new/changes to third party relationships and other required deliverables, including review/approval from key stakeholdersAccountable and responsible for monitoring vendor performance and risk, via reporting/dashboards/governance routinesAccountable and responsible for risk and issue management, escalating and tracking vendor issues per TPRM Issue management requirements, partnering with the business to drive remediation plansManage and drive timely renewal of all contracts; Participate in/facilitate contract renewal and negotiation process, working with internal partners (Legal, Sourcing, Contracts) as well as business partners to ensure contracts and agreements maximize our values, meet business objectives, regulatory requirements, mitigate risks and meet TD policies and standardsPossess a strong understanding of contractual terms and conditions, and their commercial implications to the business to effectively manage vendor agreement(s) and relationship(s) and ensure adherence to contractual requirementsLead 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 effectivenessCollect/Review/Assess audit documentations (i.e. CSAE3416, SOC I/II) and determine next steps for remediation of gapsMaintain and ensure satisfactory Internal and External Audits & Compliance requirements are metProvide oversight to ensure organized storage of evidence of all activities for audit readinessProvide oversight in support of invoice processing, ensuring procedures are in place, including billing, invoicing, rebates, performance/penalty adjustments and internal charge backs, where appropriateClosely monitor vendor spend (costs), proactively identifying opportunities to improve cost effectiveness and- LocationToronto, ON
- Workplace information On site
- SalaryNot available
- Terms of employment Permanent employmentFull time
- Starts as soon as possible
- vacancies 1 vacancy
- Source CareerBeacon #2122001
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