Assistant Vice President, Third Party Risk Management
2 weeks ago
Role Overview:
Job Responsibilities:
- Responsible for reviewing Third-party arrangements to comply with MAS Guidelines on Outsourcing and Notice 658. Reviewing arrangements include, but not limited to oversee business assessment and due diligence, and provide adequate guidance to businesses, ensuring that necessary information is collected and analyzed to make informed risk management decisions.
- Responsible for reporting through participation of governance activities, such as to prepare for any materials to use at Third Party Risk Management Committee, Risk Management Committee and other relevant committees required.
- Responsible for stakeholder communications, including collaboration with teams within/cross departments and business stakeholders, to ensure effective communication and execution for third party risk management.
- Responsible for maintaining accurate and up-to-date documentation of all TPRM activities, to ensure compliance with regulatory requirements and internal policies related to TPRM.
- Responsible for supporting any required activities related to TPRM, not only Singapore, but also other branches in APAC, to ensure the regional governance is executed in the long run.
- Experience in conducting third party risk assessments, particularly in IT domain.
- Experience in operational risk/IT risk management from the context of understanding Operational Resilience is preferred.
- Familiarity with regulatory requirements related to third-party risk management, especially MAS guidelines.
- Good understanding of Commercial Banking business/operating model.
- Excellent analytical and problem-solving skills.
- Excellent communication and interpersonal skills to build effective working relationships with diverse stakeholders, as well as to work in a team-oriented environment.
- Ability to manage multiple projects and processes efficiently.
- Recognised degree in Business, Accountancy, Economics or equivalent
- MS Office (PowerPoint & Excel). Proficiency in Excel VBA is preferred but not mandatory
- Good writing skill in English
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