Vice President, Third Party Risk Management

1 week ago

Singapore Sumitomo Mitsui Banking Corporation Full time

Responsibilities Operationalize Third Party Risk Management framework for APAC (risk identification/ assessment/ 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 (e.g. Due Diligence for Third-Party Service Providers/Outsourcing arrangements) with Operational Resilience (i.e. BCM, Technology Risk and Operational Risk) in mind 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 (e.g. for new product applications, outsourcing of services and engagement of Third Party vendors and service providers). Reporting to senior management at risk management committees. Cultivate and promote a strong Third Party risk culture. Requirements Good knowledge of outsourcing/third party, technology and operational risk requirements and industry standards, such as MAS TPRM/TRM guidelines, ITIL, SAS, NIST, ISO27001/2 Minimum 3 years experience in vendor/ third party, IT / Cloud outsourcing or operational risk management, preferably in banking or financial services. Certifications such as CTPRP, CTPRA, CISSP, CRISC, CRCM, as well as CISSP, CISA, CISM and CRISC would be advantageous. Good project management skills and experience a plus 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 and people management skills. Culturally sensitive and good leadership qualities.

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