Assistant Vice President, Third Party Risk Management

Assistant Vice President, Third Party Risk Management

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Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups. Across the globe, we're 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.
Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
Role Overview:
We are looking for an experienced professional to join our team as an Assistant Vice President (AVP) in Third Party Risk Management (TPRM). The main role is to review the third-party arrangements by giving guidance and advice to businesses to manage third-party risks. Given the significant portion of TPRM activities are system related, a strong emphasis on IT risk management expertise is required, and thus the ideal candidate will leverage their IT risk management knowledge to enhance our TPRM practices to ensure compliance with regulatory standards. The coverage is regional scale from Singapore to other countries in APAC.
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.
  

Job Requirements:

• 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.
  

Qualifications:

• 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
  

We regret to inform that only shortlisted applicants will be notified.
Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.
Seniority level

• Seniority level Mid-Senior level

Employment type

• Employment type Full-time

Job function

• Job function Finance and Sales
• Industries Financial Services and Banking

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