Principal Associate, Third Party Management

161 Bay Street (93021), Canada, Toronto,Toronto, Ontario, Principal Associate, Third Party Management About Capital One Canada. For 30 years, we’ve been on a mission to change banking for good. We challenge the traditional bank stereotype, fostering a culture where innovation thrives and bold ideas are celebrated. We’re driven by what’s possible, leveraging the power of data and technology to empower innovative solutions, inspire one another to dream boldly, and take transformative ownership of decisions and outcomes that directly impact millions of Canadians. Every challenge is an opportunity to lead from the front, working together toward a shared vision that extends far beyond banking. We balance high-performance with investment in your long-term success, ensuring you have the support you need to do your best work. Here, you’ll take full accountability for your path, upskilling through hands-on experience and mentorship, to turn your curiosity into a career built on your own terms.  Are you ready to redefine what’s next?

We are looking for a dynamic leader who is as passionate as we are with helping Canadians succeed with credit. The Third-Party Management Team provides third party services utilizing integral governance practices to support Capital One’s strategic objectives.

As a Principal Associate, reporting to the Manager, Third Party Management, you are a first line execution leader who partners with business customers  and stakeholders and management  to ensure you and your team provide the best leverage to Capital One in the third party space while mitigating associated third party risks. This will include adherence to Capital One’s Third-Party Risk Management policies and relevant regulatory requirements. In addition, you have deep expertise and market knowledge within various categories to support our technology- focused business to ensure that our third-party arrangements provide Capital One with a competitive advantage through optimum pricing structures, strong negotiation skills and rationalization.

Serve as the primary third party manager in the execution of  third party management activities to an assigned portfolio, accountable for supporting team members in building third party relationships, managing risks, negotiating contracts, and improving effectiveness Ensure comprehensive oversight of all assigned third party relationships services Collaborate closely with cross-functional teams including enterprise, customer, legal to support business customer outcomes Implement strategic plans that align with business intent and market trends; leveraging broad market  data, insights and competitor information to support informed decision making  Manage third party and business intent deliverables to the established policies, standards, procedures, and processes related to third party management Participate in key management forums and contribute to continuous improvement and/or  best practices. Build strong relationships with both internal stakeholders and third parties to ensure that business objectives are met Leverage industry knowledge and seasoned negotiation and influencing skills to support pricing and third-party service level commitments outcomes  Manage multiple priorities with various stakeholders with an acute appreciation for deadlines impacting speed to market for Capital One products or services Be an effective change agent through the execution of of plans and fulfillment activities  Develops plans or strategies to drive innovation with the objective of creating efficiency Basic Qualifications: At least 5+years of experience in either third party management/vendor management, supply chain, relationship management, sourcing or procurement within the financial services industry  At least 5+ years experience working in a cross-functional environment, ensuring business and stakeholder expectations are effectively