VP - Third Party Risk Management ( Financial Services )

3 weeks ago


Singapore Kerry Consulting Pte Ltd Full time

Our client is an established major financial institution with a strong brand and solid financial performance. They prioritize integrity, innovation, and excellence in all aspects of their operations, including their partnerships with third-party vendors and suppliers.

Position Overview:

They are seeking a highly skilled and detail-oriented Third Party Risk Manager to join their team. In this role, you will be responsible for developing and implementing strategies to identify, assess, monitor, and mitigate risks associated with their third-party relationships. Your primary goal will be to safeguard the company's reputation, assets, and interests by ensuring that all third-party engagements comply with regulatory requirements and align with the bank internal policies and standards.

Key Responsibilities:

  • Develop and maintain a comprehensive third-party risk management framework that encompasses due diligence, risk assessment, contract negotiations, and ongoing monitoring.
  • Conduct thorough risk assessments of potential third-party vendors and suppliers to evaluate their financial stability, operational capabilities, security protocols, and overall risk exposure.
  • Collaborate with internal stakeholders, including Legal, Compliance, IT Security, and Procurement teams, to establish risk mitigation strategies and ensure alignment with organizational goals.
  • Establish key performance indicators (KPIs) and metrics to measure the effectiveness of third-party risk management activities and report findings to senior management and relevant stakeholders.
  • Monitor regulatory developments and industry trends related to third-party risk management and proactively adjust policies and procedures as necessary.
  • Oversee the implementation of risk mitigation plans and controls to address identified vulnerabilities and minimize potential disruptions to business operations.
  • Provide guidance and training to employees involved in third-party relationships to enhance awareness and understanding of risk management principles and best practices.

Qualifications:

  • Bachelor's degree in Business Administration, Risk Management, Finance, or related field; Master's degree preferred.
  • 7-12 years of experience in third-party risk management, vendor management, or related fields within financial services.
  • Strong understanding of regulatory requirements and industry standards related to third-party risk management
  • Proven ability to develop and implement risk management frameworks and strategies in a corporate environment.
  • Excellent analytical skills with the ability to assess complex situations and make informed decisions.
  • Effective communication and interpersonal skills, with the ability to collaborate across departments and influence stakeholders at all levels of the organization

To Apply:

Please submit your resume to Jeremy Koh at jk@kerryconsulting.com, quoting the job title and reference number JK29985. We regret that only shortlisted candidates will be notified.

Registration No: R1113423

Licence No: 16S8060



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