Strategic Sourcing Associate Manager - Third Party Risk Associate Mgr

  • Competitive
  • Mount Laurel, NJ, USA
  • Permanent, Full time
  • TD Bank Group
  • 19 Jan 19

Strategic Sourcing Associate Manager - Third Party Risk Associate Mgr

Company Overview

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 Find TD Bank on Facebook at and on Twitter at .
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 .

Job Description

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
business partners
. 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
analytical skills.
. 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
contact points.
. 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 have a disability that requires an accommodation to complete the application process, please e-mail TD Bank's HR Compliance Department at Please include your full name, contact information and details about your request within the e-mail.

EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.