Vice President, Third Party and Outsourcing Risk

**Some careers grow faster than others.**

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC Life in Singapore is the combination of AXA Singapore and HSBC Insurance. Here you can specialise in Insurance but enjoy the advantages that come with being part of a leading global international bank.

Insurance is about people, and the promises they make. At HSBC Life in Singapore we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific region. Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our combined team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.

Together we will pursue efficient ways of working. We will harness the latest data and technology solutions to achieve meaningful outcomes for our clients. And the protection we offer will create broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.

We are currently seeking a high calibre professional to join our team as a** Vice President, Third Party and Outsourcing Risk Management.**

**Principal Responsibilities**

This Third Party and Outsourcing risk management role is responsible for providing oversight of the third party and outsourcing risk within Insurance Singapore.

This job category will carry out some or all of the following tasks:

- Subject matter expert on Third Party and Outsourcing risk management
- Oversees management of INSP’s portfolio of third party and outsourcing relationships in collaboration with contract and process owners
- Develop a team to build capability in support of the team’s short and longer term objectives in the focus area of Third Party and Outsourcing risk management
- Manage the Outsourcing Risk Management Forum, ensuring management is kept abreast of performance, issues and incidents
- Prepare Management and Board materials on Third Party and Outsourcing risk
- Oversight and management of Third Party key risk Control indicators
- Own and monitor the effectiveness of Third Party risk controls, facilitating remediation of issues or gaps identified as part of ongoing monitoring
- Oversees management of INSP’s portfolio of Third Party and Outsourcing relationships in collaboration with contract and process owners
- Work closely with global stakeholders to execute and maintain strong Third Party risk governance to ensure effective adoption of the Group TPRM Policy and Framework
- Support engagement managers with the lifecycle management of suppliers and third party engagement which includes Risk Assessments, Agreements, Engagement Monitoring and Exit Management
- Educate stakeholders on their roles and responsibilities as well as coordinate training and remediation efforts if required
- Manage escalations and support issue resolution relating to third party service delivery with the relevant stakeholders and contract owners
- Ensure management is aware
- Managing the regulatory deliverables required from the MAS outsourcing guidelines (Outsourcing Register, periodic reviews on outsourcing relationships, etc.)

Requirements

**Requirements**:

- Proactive and delivery focused to ensure individual and team tasks are completed on time and to the required levels of quality
- Strong communication and presentation skills required, with excellent planning, organizing, and influencing skills

To be considered for this role, the relevant rights to work in Singapore is required.

**You’ll achieve more when you join HSBC.**

Issued by The Hongkong and Shanghai Banking Corporation Limited.