IT Vendor Risk Specialist

3 days ago

Singapore CAREERALLY PTE. LTD. Full time

**Key Highlights**:

- Permanent Position
- Opportunity to work with a dynamic, industry-leading company
- Opportunities for professional growth and development.
- Up to $11,000 + Bonus + comprehensive benefits package

We are looking for an experienced **IT Vendor Risk Specialist**to strengthen our client's 1.5/2nd line of defense. This role is pivotal in managing third-party IT risks, ensuring compliance with regulatory requirements and performance standards while driving robust vendor governance frameworks and continuous improvement initiatives.

**Key Responsibilities**:

- Oversee and execute the end-to-end vendor risk management process, including onboarding/ offboarding, due diligence, contract governance, compliance, performance tracking, and termination.
- Assess and mitigate third-party IT risks, ensuring adherence to regulatory, legal, and operational standards (e.g., MAS TRM, MAS Notice 658).
- Serve as a 1.5/2nd line of defense providing independent challenge, oversight, and assurance over vendor risk controls implemented by the business.
- Develop, implement, and continuously improve vendor management policies, frameworks, and procedures, in line with industry best practices and evolving regulations.
- Lead periodic vendor risk assessments, audits, and control reviews to monitor compliance and performance.
- Collaborate closely with IT, Legal, Compliance, Procurement, and Risk teams to align vendor governance with business and regulatory priorities.
- Prepare and deliver risk, compliance, and performance reports to senior management and risk committees.

**Requirements**:

- Bachelor's degree in IT, Risk Management, Business Administration, or related field.
- At least 8 years of relevant IT experience, with a minimum of 5 years in IT vendor risk or third-party risk management.
- Direct experience operating in a regulated environment, preferably within a financial institution or fintech setting.
- Strong knowledge of MAS regulations (e.g., Notice 658, TRM Guidelines) and relevant risk frameworks.
- Proven track record in developing and executing vendor risk management programs, including frameworks, tools, and policies.
- Excellent communication, stakeholder management, and analytical skills, with the ability to influence across levels and functions.

Interested applicants, please submit updated resume in MS format via the **Apply**button.

Position and remuneration will be commensurate with skills and experience.

Careerally Pte Ltd | EA Licence: 24C2215
Josephine Xie | EA Registration No: R1874897

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