VP/SVP, Operational Risk Manager-Third Party Risk Management

5 days ago


Singapore DBS Bank Limited Full time

As a Third Party Risk Manager, you will be accountable for developing and implementing the Third Party Risk Management (TPRM) program in the bank. You will also be accountable for providing objective review and challenge to business units and support units to ensure third party risk is adequately and effectively managed in the units. Responsibilities Project manage the Group-wide TPRM program including developing and managing project plan, scope and timelines Collaborate with stakeholders to align the program with business objectives and to execute the program deliverables Provide updates to stakeholders on the progress of program implementation Develop and maintain third party risk management policy and standard Monitor and report third party risks to risk committees Design and conduct training and provide advisory guidance to staff on TPRM requirements Review and challenge due diligence and risk assessment reports on third party arrangements, working closely with the risk controllers covering the various BU/SUs Conduct independent assessment and monitoring of operational risk by reviewing operational risk metrics (risk events, risk & control self-assessment results, key risk indicators, etc), and assessing if there are systemic/thematic risk concerns that warrant deeper analysis and escalation to senior management Design and implement system enhancements to support TPRM requirements and continuously improve existing system functions and controls Requirements University degree or equivalent, with major study in finance, accountancy, business and/or technology At least 10 years of working experience in banks or financial institutions, with good understanding of operational risk, banking products and processes, and preferably with third party risk management experience Aptitude and experience in risk and control related roles in first, second or third lines of defence and familiar with operational risk management concepts and tools Strong communication and facilitation skills; able to work with and influence stakeholders at all levels Strong analytical and problem-solving capabilities with affinity to using data to solve problems An analytical thinker with good risk sense and affinity to using data to solve problems Team player who can persuade/influence others to achieve the operational risk management objectives Positive attitude to change, constantly looking for better ways to get things done and to challenge status quo Self-driven and able to balance creative and pragmatic approaches -en



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