We are seeking a seasoned Vendor Management Specialist to join the Enterprise Procurement team on a contract basis through August 2026 (Maternity Leave coverage). This role is part of the Business Banking Vendor Management Office (VMO), which provides critical support to a wide range of lines of business, including Merchant Solutions, Auto Finance, Commercial Banking, and more. You will be responsible for managing the end-to-end Third-Party Risk Management (TPRM) lifecycle, ensuring all vendor relationships align with enterprise standards and regulatory requirements.
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Work Location: Hybrid (Currently 2 days per week onsite) at Toronto, ON.
Schedule: Monday to Friday, Core Business Hours.
Duration: Contract through August 2026.
The Business Banking VMO Specialist acts as a strategic thinker and thought leader, driving the business forward by managing complex third-party relationships. You will lead inherent risk assessments, monitor vendor performance through advanced reporting/dashboards, and manage the timely renewal and negotiation of critical contracts. This role requires a sophisticated understanding of contractual verbiage and a strong control-mindset to navigate a complex compliance framework.
Advantages
Leading Organization: Gain experience within a leading financial institution, managing a diverse portfolio of business banking vendors.
Strategic Exposure: Work across multiple specialized lines of business, providing a dynamic and future-focused work environment.
Professional Growth: Act as a leader in change management and team development, sharing best practices within a highly professional VMO.
Hybrid Flexibility: Balanced hybrid work model in a professional office environment at Concorde Place.
Responsibilities
Third-Party Risk & Governance
TPRM Lifecycle Management: Facilitate all phases of the Third-Party Risk Management Lifecycle, ensuring full compliance with TPRM policies, standards, and frameworks.
Inherent Risk Assessments: Accountable for the timely completion of Inherent Risk Assessments for new and changing third-party relationships, securing approvals from key stakeholders.
Risk & Issue Management: Track and escalate vendor issues per TPRM requirements, partnering with the business to drive and document remediation plans.
Audit Readiness: Collect and assess audit documentation (e.g., SOC I/II, CSAE3416) to remediate gaps; ensure organized storage of evidence for internal and external audit readiness.
Contract & Relationship Management
Contract Negotiation: Lead and facilitate the contract renewal process, working closely with Legal, Sourcing, and Business partners to ensure agreements mitigate risk and maximize business value.
Legal Language Expertise: Interpret contractual terms and conditions and their commercial implications to ensure adherence to requirements.
Performance Monitoring: Monitor vendor performance via reporting and governance routines, developing SLAs and compliance monitoring plans that enhance efficiency.
Operational Oversight & Financials
Spend Monitoring: Closely monitor vendor costs, identifying opportunities for cost-effectiveness and tracking trends against budget forecasts.
Financial Operations: Provide oversight for invoice processing, including billing, rebates, and performance-based adjustments.
Tool Proficiency: Utilize and maintain data within vendor management tools such as Hiperos, Enterprise Spend Portal (ESP), and Enterprise Contract Management (ECM).
Qualifications
Mandatory Requirements
Experience: 5+ years of dedicated Vendor Management experience, specifically managing third-party relationships.
Risk & Control: 5+ years of experience in a Governance, Control, or Risk Oversight function.
Contractual Expertise: High level of comfort with legal language and the ability to fully interpret complex contract contents.
Communication: Exceptional negotiation, presentation, and relationship-building skills at all organizational levels.
Education: Undergraduate degree (UG) required.
Preferred Qualifications
Industry Background: Prior experience within the Banking or Financial Services industry.
Sourcing Knowledge: Familiarity with formal sourcing processes and methodologies.
Technical Tools: Experience with platforms such as Ariba, Coupa, Archer, or Hiperos.
Summary
If you have a passion for high-volume hiring and a desire to contribute to a leading financial institution, we encourage you to apply. This is an excellent opportunity to develop your career and make a significant impact
Randstad Canada is committed to fostering a workforce reflective of all peoples of Canada. As a result, we are committed to developing and implementing strategies to increase the equity, diversity and inclusion within the workplace by examining our internal policies, practices, and systems throughout the entire lifecycle of our workforce, including its recruitment, retention and advancement for all employees. In addition to our deep commitment to respecting human rights, we are dedicated to positive actions to affect change to ensure everyone has full participation in the workforce free from any barriers, systemic or otherwise, especially equity-seeking groups who are usually underrepresented in Canada's workforce, including those who identify as women or non-binary/gender non-conforming; Indigenous or Aboriginal Peoples; persons with disabilities (visible or invisible) and; members of visible minorities, racialized groups and the LGBTQ2+ community.
Randstad Canada is committed to creating and maintaining an inclusive and accessible workplace for all its candidates and employees by supporting their accessibility and accommodation needs throughout the employment lifecycle. We ask that all job applications please identify any accommodation requirements by sending an email to accessibility@randstad.ca to ensure their ability to fully participate in the interview process.
This posting is for existing and upcoming vacancies.
show more
We are seeking a seasoned Vendor Management Specialist to join the Enterprise Procurement team on a contract basis through August 2026 (Maternity Leave coverage). This role is part of the Business Banking Vendor Management Office (VMO), which provides critical support to a wide range of lines of business, including Merchant Solutions, Auto Finance, Commercial Banking, and more. You will be responsible for managing the end-to-end Third-Party Risk Management (TPRM) lifecycle, ensuring all vendor relationships align with enterprise standards and regulatory requirements.
Work Location: Hybrid (Currently 2 days per week onsite) at Toronto, ON.
Schedule: Monday to Friday, Core Business Hours.
Duration: Contract through August 2026.
The Business Banking VMO Specialist acts as a strategic thinker and thought leader, driving the business forward by managing complex third-party relationships. You will lead inherent risk assessments, monitor vendor performance through advanced reporting/dashboards, and manage the timely renewal and negotiation of critical contracts. This role requires a sophisticated understanding of contractual verbiage and a strong control-mindset to navigate a complex compliance framework.
...
Advantages
Leading Organization: Gain experience within a leading financial institution, managing a diverse portfolio of business banking vendors.
Strategic Exposure: Work across multiple specialized lines of business, providing a dynamic and future-focused work environment.
Professional Growth: Act as a leader in change management and team development, sharing best practices within a highly professional VMO.
Hybrid Flexibility: Balanced hybrid work model in a professional office environment at Concorde Place.
Responsibilities
Third-Party Risk & Governance
TPRM Lifecycle Management: Facilitate all phases of the Third-Party Risk Management Lifecycle, ensuring full compliance with TPRM policies, standards, and frameworks.
Inherent Risk Assessments: Accountable for the timely completion of Inherent Risk Assessments for new and changing third-party relationships, securing approvals from key stakeholders.
Risk & Issue Management: Track and escalate vendor issues per TPRM requirements, partnering with the business to drive and document remediation plans.
Audit Readiness: Collect and assess audit documentation (e.g., SOC I/II, CSAE3416) to remediate gaps; ensure organized storage of evidence for internal and external audit readiness.
Contract & Relationship Management
Contract Negotiation: Lead and facilitate the contract renewal process, working closely with Legal, Sourcing, and Business partners to ensure agreements mitigate risk and maximize business value.
Legal Language Expertise: Interpret contractual terms and conditions and their commercial implications to ensure adherence to requirements.
Performance Monitoring: Monitor vendor performance via reporting and governance routines, developing SLAs and compliance monitoring plans that enhance efficiency.
Operational Oversight & Financials
Spend Monitoring: Closely monitor vendor costs, identifying opportunities for cost-effectiveness and tracking trends against budget forecasts.
Financial Operations: Provide oversight for invoice processing, including billing, rebates, and performance-based adjustments.
Tool Proficiency: Utilize and maintain data within vendor management tools such as Hiperos, Enterprise Spend Portal (ESP), and Enterprise Contract Management (ECM).
Qualifications
Mandatory Requirements
Experience: 5+ years of dedicated Vendor Management experience, specifically managing third-party relationships.
Risk & Control: 5+ years of experience in a Governance, Control, or Risk Oversight function.
Contractual Expertise: High level of comfort with legal language and the ability to fully interpret complex contract contents.
Communication: Exceptional negotiation, presentation, and relationship-building skills at all organizational levels.
Education: Undergraduate degree (UG) required.
Preferred Qualifications
Industry Background: Prior experience within the Banking or Financial Services industry.
Sourcing Knowledge: Familiarity with formal sourcing processes and methodologies.
Technical Tools: Experience with platforms such as Ariba, Coupa, Archer, or Hiperos.
Summary
If you have a passion for high-volume hiring and a desire to contribute to a leading financial institution, we encourage you to apply. This is an excellent opportunity to develop your career and make a significant impact
Randstad Canada is committed to fostering a workforce reflective of all peoples of Canada. As a result, we are committed to developing and implementing strategies to increase the equity, diversity and inclusion within the workplace by examining our internal policies, practices, and systems throughout the entire lifecycle of our workforce, including its recruitment, retention and advancement for all employees. In addition to our deep commitment to respecting human rights, we are dedicated to positive actions to affect change to ensure everyone has full participation in the workforce free from any barriers, systemic or otherwise, especially equity-seeking groups who are usually underrepresented in Canada's workforce, including those who identify as women or non-binary/gender non-conforming; Indigenous or Aboriginal Peoples; persons with disabilities (visible or invisible) and; members of visible minorities, racialized groups and the LGBTQ2+ community.
Randstad Canada is committed to creating and maintaining an inclusive and accessible workplace for all its candidates and employees by supporting their accessibility and accommodation needs throughout the employment lifecycle. We ask that all job applications please identify any accommodation requirements by sending an email to accessibility@randstad.ca to ensure their ability to fully participate in the interview process.
This posting is for existing and upcoming vacancies.
show more
