Senior Manager, Vendor Strategy and Governance

Responsibilities

• Vendor Strategy & Governance
• Provides enterprise functional leadership for vendor governance frameworks, standards, and practices across all business units.
• Acts as the central authority and single point of accountability for enterprise vendor governance, performance, and third-party risk oversight.
• Provides independent challenge and has authority to escalate or halt vendor engagements, vendor selection, performance, cost structures, and contract terms.
• Accountable for corporate vendor risk posture, ensuring alignment with Third-Party Risk Management (TPRM) and Enterprise Risk Management (ERM) frameworks.
• Influences and advises senior leadership and executives on vendor strategy, sourcing decisions, and contractual commitments.
• Ensures consistency and compliance in vendor practices across the organization, with authority to escalate risks, performance concerns, and non-compliance.
• Leads enterprise vendor governance forums and chairs executive-level vendor performance reviews.
• Provides corporate oversight of the vendor portfolio, ensuring optimal performance, value realization, and risk mitigation.
• Defines and enforces vendor KPIs, SLAs, and outcome-based performance measures to ensure measurable business value.
• Vendor Lifecycle Management
• Directs organizational change initiatives in vendor governance, ensuring clear communication and effective adoption at all levels with a focus on outcomes, accountability, and continuous improvement to maximize business impact.
• Establishes structured performance monitoring through scorecards, governance reviews, and escalation mechanisms.
• Oversees the full vendor management lifecycle, including sourcing, contracting, onboarding, performance evaluation, issue resolution, and offboarding, with strict adherence to policies and standards.
• Evaluates vendor cost structures and proposals, providing strategic challenge and financial oversight to ensure value for money.
• Develops and maintains the Enterprise Vendor Management Framework,
• recommending policy updates to reflect evolving business needs; facilitates cross-functional training to enhance understanding of vendor management processes across the organization.
• Critically assesses vendor cost and work estimates to ensure alignment with FSRA's value expectations and budgetary objectives.
• Chairs vendor review meetings, identifying areas for improvement, and collaborating with vendors and internal teams to address issues proactively.
• Establishes mechanisms to gather market intelligence from vendors to inform strategic business decisions.
• Contract Management
• Provides governance oversight and strategic direction for all enterprise vendor contracts, ensuring alignment with organizational risk, legal, and financial standards.
• Provides strategic oversight of contract lifecycle management, including negotiation, renewal, and termination decisions.
• Partners with Legal, Procurement, Finance, Cybersecurity, and Privacy to ensure contracts align with enterprise risk, compliance, and financial objectives.
• Ensures all vendor contracts meet regulatory, legal, and operational standards, including data protection, SOC2, insurance, and residency requirements
• Oversees contract performance and compliance, ensuring alignment with agreed t

Benefits

Additional Information

At FSRA, our vision is to ensure financial safety, fairness, and choice for Ontarians. As a financial services regulator, we're passionate about protecting consumers. Our principles-based approach means we can quickly and effectively respond to the changing needs of consumers and the industry. Our team combines industry expertise with commitment to public service. We attract individuals who are interested in meaningful work and who measure success through outcomes, not inputs. At FSRA, we invest in the personal and professional growth of our team. We offer a competitive compensation package that includes an employer-matched defined benefit pension plan , and a comprehensive and competitive benefits plan. We prioritize learning and development, wellbeing, diversity, equity, inclusion and belonging, and community giving. Join FSRA and help us shape the future of regulation for generations to come! Job Description: EXISTING VACANCY Salary Range - $106,462 -$156,462 (salary will be determined based on the successful candidate's skills, experience and qualifications) PURPOSE OF POSITION To establish and lead FSRA's enterprise-wide vendor strategy, governance, and third-party risk framework, with accountability for vendor performance, contractual value, and alignment to organizational priorities. The role provides strategic oversight and decision-making authority across all vendor engagements to ensure effective risk management, financial stewardship, and delivery outcomes ensuring effective risk management, financial stewardship, and delivery outcomes across all business units and functions at FSRA, supporting enterprise transformation objectives.

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