Senior Third Party Governance Analyst

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Date: Feb 25, 2025

Location: Winnipeg, MB (Hybrid), CA North York - Toronto, ON (Hybr, CA Calgary, AB (Hybrid), CA Edmonton, AB (Hybrid), CA

Company: Wawanesa Insurance

Job ID: 9043 


Working Business Language: English 
 


Salary: At Wawanesa, salary is only one component of a holistic, comprehensive and competitive offering that we provide to our employees. In addition to salary, full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs and provided with generous vacation time, personal days, premium free benefits and pension plan. 
 

The salary offered for this role is determined with consideration to various factors, including but not limited to: your work location, local labour market conditions, external market salary data, internal pay equity and the knowledge, skills, experience and anticipated proficiency in the role. The salary offered is estimated to be within the following range: $110,000- $140,000. Candidates with salary expectations outside of the range are still encouraged to apply. 

 

About Us
At Wawanesa, we’re proud to offer a hybrid work environment that offers flexibility to our employees in balancing in-office (2 days per week OR 15 hours per week in a Wawanesa office) and remote work. You may work from any of the following locations: Winnipeg, MB; Calgary, AB; Edmonton, AB; Toronto, ON; 
 

The Wawanesa Mutual Insurance Company (“Wawanesa Mutual”), founded in 1896, is one of Canada’s largest mutual insurers, with over $3.5 billion in annual revenue and assets of $10 billion (CAD). Wawanesa Mutual, with its National Headquarters in Winnipeg, is the parent company of Wawanesa Life, which provides life insurance products and services throughout Canada, and Western Financial Group, which distributes personal and business insurance across Canada. Wawanesa proudly serves more than 1.7 million members in Canada, and we are home to more than 3,600 employees distributed across the Canadian regions and communities where we operate. We give back to organizations that strengthen communities, donating more than $3.5 million annually to charitable organizations, including over $2 million annually in support of people on the front lines of climate change. To learn more visit wawanesa.com. 


We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.
 

Job Overview

The Senior Third Party Governance Analyst is a key contributor for enablement of Wawanesa’s Third-Party Risk Management (TPRM) program. Reporting to the Director, Compliance Programs and Reporting, this role is responsible for supporting the design and maintenance of effective TPRM governance processes across the enterprise and working with key stakeholders to ensure third-party risks are monitored and reported. This role is an agent of change and continuous improvement, challenging the status quo and strengthening third party governance, supporting Management at Wawanesa in effective management of third-party risks.

 

Job Responsibilities

  • Influences and Leads change management governance for key internal and external stakeholders in the management of third-party risks, including as a member of key advisory boards and working groups on matters relevant to third party risk governance.
  • Develops, maintains, and communicates the TPRM Policy and Framework, and works with stakeholders to support their calibration of related policies and processes to the TPRM Policy and Framework. 
  • Responsible for coordinating the implementation of risk assessment processes with key stakeholders, including calibration of third-party risk assessment methodologies with the Enterprise Risk Management and Regulatory Compliance Management frameworks.
  • Identifies and communicates third-party risk and control expectations to key stakeholders, including requirements related to due diligence, monitoring, and reporting of risks.
  • Support change management processes in GRC and third-party management systems, providing key input to workflow processes and procedures related to third party risk management.
  • Reviews monitoring plans and reporting from risk owners, performs follow-ups, and escalates control design and effectiveness weaknesses if they occur.
  • Defines and monitors relevant Key Risk Indicators (KRIs), in conjunction with other oversight functions, and identify potential KRI breaches for escalation. 
  • Support the drafting of executive level reporting for Senior Management, the ELT, and the Board on the status of the TPRM Program, including identifying areas of material concern, aligned with Enterprise Compliance, Enterprise Risk, and other oversight functions.
  • Prepares materials and supports the Third-Party Risk Oversight Committee, to effective decision making for VP stakeholders.
  • Performs other duties as assigned.
     

Qualifications

  • At least 8 years of experience in third-party risk management or vendor governance, preferably at a financial institution or a professional services firm. 
  • University degree in a relevant field would be considered an asset.
  • Experience working in or closely with governance and oversight functions with roles related to third party risk, such as Vendor Management, IT Risk, Compliance, and Risk.
  • Expert knowledge of third-party related regulatory requirements, including OSFI B10, AMF Outsourcing, and other related guidelines.
  • Strong project management skills, with the ability to manage complex and competing priorities. 
  • Ability to influence and manage relationships effectively, using facilitation and negotiation.
  • Experience working with visualization and analytical tools (such as Power BI, Tableau), and a strong acumen for working with data to improve process efficiency and effectiveness. 
  • Strong collaboration skills include bringing a diverse group of stakeholders together.
  • Bilingualism (French and English) would be considered an asset.


Wawanesa is proud to be one of Manitoba’s Top Employers, a Kincentric Best Employer in Canada and a Forbes Best Employer in Canada recognizing an exceptional place to work!


Diversity Equity, Inclusion & Belonging
Wawanesa is an equal opportunity employer and is committed to fostering a diverse workforce that is equitable and inclusive for all. Wawanesa provides equal employment opportunity to all employees and applicants without regard to an individual’s protected status: race/ethnicity, colour, religion, creed, sex or gender, sexual orientation, gender identity or expression, family or marital status, pregnancy/childbirth or related conditions, national origin, disability, military or veteran status, or any other protected status. Disability or medical-related accommodations are available upon request throughout all aspects of the recruitment and selection process. Candidates requiring reasonable accommodations may contact, in confidence, jobs@wawanesa.com.   

If you are interested in this exciting, challenging position with Wawanesa, apply today with your Resume.


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