TD Bank Strategic Sourcing Associate Manager - Third Party Risk Reporting in Mount Laurel, New Jersey
Auto req ID 199966BR
Job Title Strategic Sourcing Associate Manager - Third Party Risk Reporting
Job Status Full Time
Country United States
Province/State New Jersey
City1 Mount Laurel
Location 3000 Atrium Way
Business line Corporate
Job Category - Primary Finance | Accounting
Job Category(s) Finance | Accounting
TD Description About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. at http://www.tdbank.com/ Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US .
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com at http://www.td.com/ .
The Strategic Sourcing Associate Manager provides professional and specialized support on assigned category portfolios.
. Effectively organizes, influences, and manages Core Teams and cross-functional core teams
. Works with the business and influence or intervenes in vendor negotiations on behalf of internal clients when necessary
. Presents research findings and make recommendations to management that support category and business partner strategies
. Assists with supplier negotiations to maximize price/performance in a given category and works with business partners to influence or
intervene in supplier negotiations when necessary
. Guides team members within area of specialty, acts as a resource, sharing knowledge/expertise with management, the team, and
. Provides guidance to other team members with respect to research/analysis
. Participates in and/or leads action plans to address items identified on Employee satisfaction surveys
. Manages the development and completion of the RFI/RFP bid process
. Leads research of supply markets, supply chain dynamics, industry trends and identifies category or industry-specific leverage
. Leads analysis of internal and external research data to gain a solid understanding of the key drivers behind category
. Remains current on category market intelligence
. Contributes to delivering of results in sourcing activity savings and cost avoidance for category specialty
. Conducts demand management and category value optimization analysis and makes strategy recommendation to category manager
. Assists in the formulation of sourcing strategy and with presentations to the core team and senior management
. Assists or leads in preparation and presentation of all internal/external meetings
. Formulates and prepares pricing modules, re-bids and oversee pricing analysis
. Ensures due diligence is applied in all aspects of the sourcing process
. Collects, documents, and shares category knowledge
. Provides expertise in the preparation of RFIs, RFPs and SLAs, contracts & negotiation documentation
. Develops a working knowledge of Outsourcing Governance best practices
. Contributes to the vendor selection process ensuring proper procedures/protocols are followed
. May influence and/or intervene in vendor negotiations as required
. 4 Year Degree or equivalent experience
. 5+ Years of related experience
. Must have excellent negotiating and influencing skills to be utilized during internal and external negotiations.
. Must have strong Relationship Management skills, negotiation skills, Project Management experience, strong presentation and
. Must have general knowledge of Strategic Sourcing lifecycle.
. Specialized knowledge of the business and industry required to assess potential vendors.
. Must have general knowledge of the TD Bank organizational structure, including the main business groups and their functions, key
. Proficiency with applications: Excel, Word, PowerPoint and/or other office tools.
. May be required to travel to various business unit/client locations.
*Third Party Risk Management and QA/QC experience
• Perform QA/QC testing to verify effectiveness of controls throughout the Third Party Risk Management Lifecycle, and compliance with the requirements in accordance to the TPRM (Third Party Risk Management)Policy, Framework, and Standard
• Create QA/QC testing programs or modify existing testing programs
• Deliver quality testing documentation and reporting of testing results, gaps, and opportunities for enhancement
• Verify completion of planned remediation actions
• Verify appropriate governance and oversight for the identified third party risk profiles, including issues management and reporting
• Identify trend or themes in reported issues
• Prepare ad-hoc reporting for upper management
• Work in a collaborative manner with TPRM, Risk Oversight Functions, and Strategic Sourcing
• Contribute to the success of the newly created TPRM QA/QC department by being part of the design of or enhancement to training, testing program, and tools/templates
• Provide guidance to other TPRM QA/QC team members in the performance of their tasks and responsibilities, including performing quality review of testing report and documentation
• Manage and effectively communicate to various stakeholders involved in planning, performance, and reporting of QA/QC testing
At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach her/his potential.
If you are a candidate with a disability and need an accommodation to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.
EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.
**Province/State (Primary) New Jersey
City (Primary) Mount Laurel