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Third Party Risk Specialist

2 weeks ago

Singapore beBeeRisk Full time $90,000 - $120,000
Third Party Risk Manager Job Description

This role involves overseeing third-party risk management activities, ensuring compliance with regulatory requirements and industry standards. The ideal candidate will have good knowledge of outsourcing/third-party and operational risk requirements.

  • Responsibilities:
  • Operationalize Third Party Risk management framework (vendor governance and compliance framework, risk identification/monitoring/reporting, policies, procedures, standards) and exercise oversight of all third-party risk management activities.
  • Design, determine and establish KRIs, implement risk control measures and best practices (eg. Due Diligence for Third-Party Service Providers/Outsourcing arrangements).
  • Drive timely completion of third party risk deliverables and resolution of key risk issues.
  • Perform assessment of third party risk incidents, issues and trends, communicate technical concepts to non-technical audience and provide advisory as Subject Matter Expert (eg. For new product applications, outsourcing of services and engagement of third party vendors and service providers).
  • Cultivate and promote a strong third party risk culture.
  • Requirements:
  • Good knowledge of outsourcing/third-party and operational risk requirements and industry standards.
  • Minimum 2-3 years experience in outsourcing, procurement, vendor/third-party or operational risk management, preferably in banking or financial services.
  • Certifications such as CTPRP, CTPRA, CISSP, CRISC, CRCM would be advantageous.
  • Good project management skills and experience.
  • Ability to perform gap analysis of third-party risk management policies and processes against new regulatory requirements and guidelines.
  • Self-starter and a critical thinker.
  • Proactive, resourceful and able to think and act strategically and tactically.
  • Able to multi-task and work independently under tight timelines.
  • Strong oral and written communication skills.
  • Strong stakeholder management skills.
  • Culturally sensitive.