VP, Third Party Risk Management

Direct message the job poster from Empower Partners Singapore

Associate Director, Financial Services | Risk and Compliance, Financial Services Executive Search

Our client is a leading financial institution with a strong regional presence, providing a broad range of products and services across capital markets. Recognised for its innovation and resilience, the firm places risk management at the core of its operations to ensure stability, compliance, and long-term sustainability.

Role Overview

The Operational Risk team plays a central role in enabling the organisation to identify, assess, and manage risks across all functions and subsidiaries. This role will focus on outsourcing and third-party risk management , ensuring the firm continues to uphold robust enterprise-wide risk practices. You will work closely with business stakeholders and senior management to strengthen frameworks, policies, and oversight mechanisms.

Key Responsibilities

• Act as gatekeeper for enterprise risk management policies, ensuring consistency and compliance with regulatory standards.
• Oversee and enhance risk management programs, including Risk Self-Assessment (RSA), Control Self-Assessment (CSA), incident management, business continuity, and outsourcing.
• Lead third-party and outsourcing risk assessments, including due diligence, operational reviews, and controls testing.
• Monitor and report on risk exposures, breaches, and contractual performance of material third-party arrangements.
• Support vendor due diligence, including reviews of operational controls, BCM, cybersecurity, and on-site assessments.
• Maintain and update incident management processes, delivering reports to senior management and regulators.
• Conduct independent reviews to validate the effectiveness of enterprise risk programs.
• Drive continuous improvements to risk monitoring tools, reporting systems, and operational processes.
• Prepare and present risk-related updates for committees and internal stakeholders, fostering a strong risk culture across the organisation.

Qualifications & Requirements

• Bachelor's degree in a relevant field; 8–10 years' experience in operational risk and third-party/vendor risk management within financial services.
• Strong knowledge of MAS regulations and industry guidelines, including Outsourcing, Technology Risk Management, Business Continuity, Cybersecurity Act, PDPA, and ABS frameworks.
• Proven ability to work under pressure in fast-paced and crisis-driven environments.
• Strong stakeholder management and relationship-building skills across multiple levels.
• Excellent analytical, problem-solving, and communication skills, with the ability to make sound, data-driven judgments.
• A proactive team player with the ability to work independently with minimal supervision.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Other

• Industries

  Financial Services, Banking, and Investment Banking

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