Third-Party Risk Management Expert

1 week ago

Singapore beBeeOutsourcing Full time

Job Overview

We seek a seasoned risk management expert to join our organization as a key member of the enterprise risk function. The ideal candidate will have expertise in third-party and outsourcing risk, with a strong background in managing vendor and third-party risks.

Key Responsibilities

  • Maintain up-to-date knowledge of industry regulations and best practices in third-party risk management, providing expert guidance across regions where our organization operates.
  • Act as the gatekeeper of the Vendor-Managed Services Policy, ensuring alignment and compliance across the organization.
  • Support the Outsourcing Committee, including secretariat functions, and assist engagement owners in assessing risk levels for vendor engagements.
  • Conduct comprehensive due diligence on vendors, including assessing performance, operational controls, and security protocols.
  • Collaborate with various stakeholders on resolving issues identified during due diligence or audits.
  • Lead independent reviews to ensure adherence to vendor management policies, including monthly key risk indicator reporting.
  • Support broader enterprise risk management functions, such as risk assessments, root cause analysis of incidents, and process improvement initiatives.

Ideal Candidate Profile

  • Bachelor's degree in a relevant field, with a solid background in third-party vendor and outsourcing risk management within financial institutions.
  • Deep understanding of regulatory requirements, such as MAS guidelines on Outsourcing, Technology Risk, and Business Continuity, as well as industry standards on cybersecurity and data protection.
  • Strong communication skills, with a proven ability to coordinate across multiple teams and deliver concise, actionable insights.
  • An analytical mindset with the ability to make sound judgments, backed by data, in a fast-paced environment.
  • Skilled in building relationships and managing stakeholder expectations effectively.
  • A dependable team player who demonstrates resilience and commitment under pressure, while able to work independently.

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