Principal Associate, Third Party Management

Discover Financial
Toronto
Workplace: HybridFull timeUSD 108,900 - 124,300 annuallyFunction: Communications, PR & CommunityExperience: 5+ yearsEducation: bachelorsSkills: ["Negotiation","Communication","Presentation","Influencing","Critical thinking"]

Lead first-line execution of third-party management for an assigned portfolio, partnering with business customers and stakeholders to support third-party relationships while mitigating third-party risks. Oversee third-party relationship services, negotiate contracts, and ensure deliverables align to Capital One’s third-party risk policies and OSFI guidelines. Collaborate with enterprise, customer, and legal teams to drive outcomes through market insights, competitor information, pricing structures, and continuous improvement in the third-party space.

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Discover Financial
Discover Financial
1 day ago

Principal Associate, Third Party Management

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Job Summary

Lead first-line execution of third-party management for an assigned portfolio, partnering with business customers and stakeholders to support third-party relationships while mitigating third-party risks. Oversee third-party relationship services, negotiate contracts, and ensure deliverables align to Capital One’s third-party risk policies and OSFI guidelines. Collaborate with enterprise, customer, and legal teams to drive outcomes through market insights, competitor information, pricing structures, and continuous improvement in the third-party space.
Location: Toronto
Workplace: Hybrid
Employment Type: Full time
Job Function: Communications, PR & Community
Seniority: Mid level

Key Responsibilities

  • •Serve as the primary third-party manager for an assigned portfolio, supporting team members in building third-party relationships, managing risks, negotiating contracts, and improving effectiveness.
  • •Ensure comprehensive oversight of all assigned third-party relationship services.
  • •Collaborate with cross-functional teams including enterprise, customer, and legal to support business customer outcomes.
  • •Implement strategic plans aligned with business intent and market trends using market data, insights, and competitor information.
  • •Manage third-party and business deliverables according to third-party management policies, standards, procedures, and processes, and contribute to continuous improvement.

Pay and Benefits

Salary: USD 108,900 - 124,300 annually
Perks:Home OfficeLearning BudgetWellness Stipend

Key Requirements

  • •At least 5+ years of experience in third party management/vendor management, supply chain, relationship management, sourcing, or procurement within the financial services industry.
  • •At least 5+ years of experience working in a cross-functional environment to manage business and stakeholder expectations.
  • •Strong market knowledge across sourcing and supplier management categories relevant to the credit card business, including negotiation, communication, contracts, and influencing skills to optimize pricing.
  • •Deep understanding of OSFI Guideline B-10 and E-21.
  • •Exceptional communication and presentation skills, with a track record of influencing senior stakeholders.
Experience:5+ yearsFinancial services
Education:Bachelor's
Skills:NegotiationCommunicationPresentationInfluencingCritical thinking
Certifications:Supply Chain Management Professional (SCMP)Certified Third Party Risk Professional (CTPRP)

Company Brief

Discover Financial
Provides consumer banking products, credit cards, personal loans, and payment services through the Discover brand. It operates a major U.S. financial network and serves individuals and merchants with lending and digital payment solutions.
Industry: Retail Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 10M to 25M
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Riverwoods, United States
Founded: 1985
WebsiteLinkedIn