Requisition ID: 203394
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Third-Party Advisor, Technology is responsible for building, maintaining, and enhancing relationships with IT vendors and internal stakeholders (such as IT leadership and end users). This role serves as liaison to the business and is responsible for the IT Vendor's Risk, Performance, Financial and Contract obligations. The Third-Party Advisor, Technology will be responsible for one or more vendor relationships, that includes strategic and non-strategic vendors, with varying level of engagement for each vendor based on the vendor's Risk and Criticality. Overall, the Third-Party Advisor must ensure that the organization achieves its objectives with vendors as per rights and obligations in our contracts.

Is this role right for you? In this role you will:

• Work alongside procurement colleagues to assist with developing contracts and understand any current requests for information (RFIs), requests for quotations (RFQs) and requests for proposal (RFPs) that are in the pipeline.
• Provides strategic guidance to business/functional leaders to ensure escalated concerns/governance issues are appropriately managed
• Manage multiple vendor relationships spanning across different service areas, and varying in complexity
• Develops proposals/recommendations related to vendor services and practices in connection with the vendor(s)
• Adhere to contract management objectives, procedures, templates and workflow processes for vendor contracts and deliverable schedules. Maintain an updated contract management database that contains all executed contracts, as well as contracts that are under development but are not yet active. Moreover, track obligations, deliverables and contract change notices. Manage and control access to documents as appropriate.
• Proactive identification, mitigation, monitoring, and management/resolution of Third-Party risks, including risks that are specific to an individual vendor (e.g. Financial Health) and external risks (Political, Economic, Social, technological, Legal, Environment) that may impact vendors
• Identify opportunity areas and help implements plans, business cases, etc. to execute opportunities to reduce cost, increase revenue, improve operational efficiencies, and better manage risk
• Establish mutually beneficial relationships with third parties through the joint governance process, including collaborating to jointly identify and implement innovation opportunities
• Adhere to standardized Third-Party management processes for Technology to comply with TPRM policies and standards
• Effectively communicate a clear and concise contract overview (summary of key contract terms, risks, opportunities and service delivery guidelines) to key stakeholders, and provide clarity on contract elements when required.

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

• Strong relationship and stakeholder management experience
• Excellent organizational skills
• Negotiation experience with 3rd Party vendors
• Previous experience with Contract Management
• Strategic Analysis and problem solving skills
• Excel, Power BI experience for reporting

What's in it for you?

• A rewarding career path with diverse opportunities for professional development
• A culture that promotes teamwork and cross-functional collaboration to achieve business goals. Inclusive workplace that values diversity of thought, background, and experience
• An organization committed to making a difference in our communities – for you and our customers.
• Opportunity to work with a very enthusiastic team that helps our clients by ensuring the Bank is able to continue to operate to deliver key business services.
• Perfect for problem solvers who love to scenario plan and work with a wide-ranging number of business partners and geographies.

Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.