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EQ Bank | Canada's Challenger Bank

Manager, Third Party Risk

Toronto, ON, Canada

Full-time

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Job details

Job type: Full-time
Posting language: English
Posted: Oct 28, 2026

Original job description

Join a Challenger

At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.

We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.

If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity.

We can’t wait to get to know you!

The Work

The Senior Manager, Third Party Risk supports the development and ongoing execution of a strong operational risk management program across Equitable Bank and provides independent oversight and effective challenge (as the second line of defence) to ensure the Bank operates within its established operational risk appetite.

\nThe Core Responsibilities

The Senior Manager, Third Party Risk role supports the advancement of risk management practices related to third party risk and the interconnections to change management, operational resiliency, business continuity, crisis management and technology and cyber in support of regulatory requirements OSFI B10, OSFI B13, and OSFI E21 guidelines.

Champions the Third Party Risk Management Policy and develops plans in collaboration with stakeholders to promote organizational awareness of the TPRM program and principles.

As the 2nd Line of Defence, participates in oversight reviews and assessments related to third party triages, due diligence, quality reviews, NIRA self-assessments, exit and contingency planning, annual attestations and other control activities where required.

Oversees operational procedures and tools that assist the implementation of Third Party Risk Methodologies ensuring effective processes to identify, measure, manage, monitor and report on Third Party risks.

Supports a customer focused culture to deepen internal business relationships and knowledge to achieve positive outcomes

Contributes to the enhancement of Operational Risk programs including, all aspects of the Third Party risk roadmap, Operational Resilience roadmap, and supporting methodologies, mechanisms, standards, reporting and operating procedures.

Engages in department activities including Business Continuity Management (BCM) Program activities including working sessions to prepare for exercises or tests.

Coordinates disaster recovery business testing activities including review of test plans, results and supporting communications.

Supports the use of risk identification tools such as the new initiative risk assessment (NIRA), the Risk and Control Self-Assessment (RCSA), third party risk assessments and issues management.

Evaluates and challenges Key Risk Indicator (KRI) reporting to validate accuracy and identify trends.

Provides oversight to the business through assessments, ensuring remediation / action plans are appropriately addressed, monitored, reported and escalated, as necessary.

Conduct reviews/investigations and prepare reports for operational risk events and/or incidents.

Provide recommendations on potential emerging risks and significant events which could have a material impact on the successful achievement of corporate objectives.

Create and manage the delivery of training to relevant employees within the business and /or critical business service to ensure they are familiar with their roles and responsibilities

Let's Talk About You

3-5 years of experience in Third Party risk management, operational resilience, business continuity/disaster recovery

5-7 years of experience in an operational risk and/or information technology risk oversight role in a financial institution.

Undergraduate degree in finance, economics, business administration or technology is an asset

Knowledge of risk management, compliance matters, corporate governance and control frameworks.

Strong analytical and quantitative skills and problem-solving abilities. Strong attention to detail.

Strong written and verbal communication skills coupled with meeting facilitation abilities and good presentation skills.

Good organizational, project and time management skills to efficiently deliver concurrent projects with competing priorities. PMP would be considered an asset.

Knowledge and awareness of the financial industry, risk management practices and regulatory and/or policy changes.

What we offer [For full-time permanent roles]

💰 Competitive discretionary bonus

✨ Market leading RRSP match program

🩺 Medical, dental, vision, life, and disability benefits

📝 Employee Share Purchase Plan

👶🏽 Maternity/Parental top-up while you care for your little one

🏝 Generous vacation policy and personal days

🖥 Virtual events to connect with your fellow colleagues

🎓 Professional development and comprehensive Career Development program

💛 A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from EQ Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON.

Equity, Diversity & Inclusion

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger - and our people thrive - when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both professionally and personally.

We provide a barrier‑free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.

EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank™. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.

To learn more, visit eqb.investorroom.com and eqbank.ca.

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More about this job

Responsibilities

The Senior Manager, Third Party Risk supports the development and execution of an operational risk management program while providing independent oversight as the second line of defence. They ensure the bank operates within its risk appetite by managing third-party risk, operational resilience, and regulatory compliance guidelines.

Requirements

Candidates should have 3-5 years of experience in third-party risk management and 5-7 years in operational or IT risk oversight within a financial institution. An undergraduate degree in finance, economics, business, or technology is preferred, along with strong analytical and communication skills.

Skills

Third party risk management
Operational resilience
Business continuity
Disaster recovery
Operational risk
Information technology risk
Risk management
Compliance
Corporate governance
Control frameworks
Analytical skills
Quantitative skills
Problem-solving
Communication skills
Project management
Time management

Benefits

Discretionary bonus
RRSP match program
Medical insurance
Dental insurance
Vision insurance
Life insurance
Disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up
Vacation policy
Personal days

Visa sponsorship

Not detected in the job text

Keywords

Third Party Risk Management
Operational Risk
Financial Institution
OSFI B10
OSFI B13
OSFI E21
Business Continuity Management
Disaster Recovery
Risk and Control Self-Assessment
RCSA
New Initiative Risk Assessment
NIRA
Key Risk Indicator
KRI
Regulatory Compliance
FinTech
Banking
PMP
Risk Appetite
Operational Resilience
Third Party Triage
Due Diligence
Issues Management
Corporate Governance
Control Frameworks

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