Third Party Risk Manager

7 hours ago


Manila Manulife Business Processing Services, Philippines Manulife Full time $90,000 - $120,000 per year

This Global Third Party Risk Oversight Manager position reports directly to the AVP Operational Resilience Oversight. This position is part of the second line of defense independent oversight function and will partner with the first line of defense businesses to ensure that third party risk management framework and controls are integrated with and serve to strengthen its operational resilience approach, and all the standard and regulatory requirements are addressed.

The position requires strong understanding of OSFI B-10 (Third party risk) and OSFI E-21 Operational Risk & Resilience Management guideline, specifically in third party risk management (TPRM). The position requires an understanding of connections to business continuity and disaster recovery, and other operational risk categories, risks and controls, and solid communication and influencing skills. This position will operate across multiple segment risk teams and their businesses, functions, and geographies, to promote and enhance awareness of risks and controls, and execution of OSFI and TPRM requirements. 

Position Responsibilities:

  • Lead the development, coordination, implementation and continuous governance and monitoring of the Third-Party Risk Management Framework and Standard.

  • Host the monthly TPRM Governance Forum where leaders from the first line and second line are present. Gather insights and materials prior to the meeting based on learnings.

  • Research and analyze regulatory requirements on third party risk, including best practices to support the relevance of the TPRM Standard.

  • Collaborate with Segment ORM, IRM, Compliance, Legal, Ops and Tech 1B colleagues. Lead/Host an engaging session to gather feedback, comments and challenges, as well as providing a comprehensive and effective tracking mechanism to manage change.

  • Provide oversight for third party risk metrics provided by L1, identify potential breaches and recommend actions.

  • Collaborate with other risk domains leaders for business continuity risk, crisis and incident management, disaster recovery to enable a fulsome oversight to support business continuity.

  • Develop training materials and facilitate training as necessary. Track training attendance and follow up on non-attendance.

  • Promote a strong risk culture and oversee relevant risk culture assessment processes.

Knowledge/Skills/Competencies/Education:

  • Broad knowledge of financial services/insurance business and related products

  • Solid understanding of operational risk management is a MUST.

  • Minimum 3-5 years of experience in operational risk management plus strong knowledge of operational processes, risks and controls.

  • In-depth subject matter expertise in OSFI B-10. Well-understood connection with business continuity, Incident Management, and Disaster Recovery.

  • High proficiency in MS Office Products and data analytics tools such as Power BI is a PLUS.

  • Solid written and oral communication skills

  • Strong influencing skills with the ability to build effective relationships, both within and across divisions

  • Detail-oriented with excellent analytical, critical thinking and problem-solving skills with the ability to think strategically.

  • Self-starter with the ability to work with little guidance  

  • University undergraduate degree with a relevant professional designation preferred

When you join our team:

  • We'll empower you to learn and grow the career you want.

  • We'll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

  • As part of our global team, we'll support you in shaping the future you want to see.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact

Working Arrangement

Hybrid

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