Third Party Risk Management

4 weeks ago


Singapore KS Talent Solutions Full time

Key Responsibilities:

  • Provide leadership, strategic direction, and oversight to ensure successful execution of the TPRM program, promoting a consistent risk-based approach.
  • Create, manage, enhance, and implement TPRM Policy, procedures, and program governance, ensuring effective risk management of Vendor/Third Parties in accordance with global risk management guidelines, the Bank’s risk appetite, and regulatory requirements.
  • Manage the Third-party Risk Management program, including coordination of TPRM due diligence efforts to assess and mitigate risks of new and existing third-party suppliers.
  • Partner with business operations, technology teams, and internal functions to conduct on-site visits of third parties when required.
  • Actively engage and collaborate with internal key stakeholders/subject matter experts across various risk areas to contribute to the effective management of third-party relationships and ensure the program encompasses all potential risks for continuous improvement.
  • Drive implementation of TPRM processes in alignment with regulatory requirements.
  • Continuously monitor regulatory changes impacting TPRM and ensure the TPRM framework and related policies are aligned with regulatory requirements.
  • Promote and deliver continuous training and awareness to the business on TPRM, including outsourcing.
  • Lead vendor evaluation and contract recommendations.
  • Identify, monitor, track, and escalate issues requiring remediation.
  • Manage regulatory and internal audit interactions related to TPRM.
  • Conduct ongoing vendor/third-party monitoring, including coordination with the first line of business units for completion of required TPRM program documentation.
  • Lead continuous improvement initiatives.
  • Ensure program quality and expectations are met and exceeded, including that all vendor/third-party relationships are captured in a centralized inventory in a timely manner.
  • Actively participate in internal and external forums for developing and providing thought leadership in third-party risk management.

Qualifications:

 

  • Bachelor’s/University degree.
  • 10 years of related experience within the Financial Services industry.
  • 5 years of experience in Vendor/Third Party Risk Management in the Banking and Financial Services industry.
  • MAS regulations and guidelines.


If you meet these qualifications and are looking for an opportunity to make a significant impact in third-party risk management, we would love to hear from you. Please apply with your resume and a cover letter detailing your experience and qualifications to manisha@kstalentsolutions.com/ manisha@kstalentsolutions.com

 



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