Third Party Risk Management - Up to S$8k

Job Description:

• Manage and continuously improve the firm-wide Outsourcing and Third-Party Risk Management framework which includes an integrated approach for assessing and mitigating the risk of new and existing third-party suppliers.
• Manage and enhance the governance model to provide ongoing monitoring and oversight of the risks posed by intra-group and external third-parties.
• Manage the Supplier Risk Management platform and ensure data integrity.
• Monitor and update third-party risk assessment framework to respond and adhere to new and existing regulatory guidelines and initiatives.
• Identify and escalate key items of concern regarding new and existing third-parties, including the potential of concentration risk and fourth-party risk exposures.
• Collaborate with Group Sourcing Partners, Operational Risk, Information Security and Technology Risk, Data Privacy, Business Continuity, Compliance, Legal, Sustainability, Audit, business areas and other assurance functions in the second and third line of defence to identify third-party risks and escalate those risks appropriately.
• Ensure completion of initial and recurring due diligence, performance reviews for outsourcing and material arrangements.
• Support Outsourcing Working Group and Outsourcing Governance Committee meetings, including prepare meeting materials, take minutes of meeting, follow up action items.
• Update procedures and templates at least on an annual basis, conduct training for the internal team and wider organisation, e.g. Business Contract Managers, Risk SMEs, intra-group and external third-parties.
• Maintenance of the MAS Outsourcing Register, SharePoint site and any other knowledge repositories.
• Audit support (including request for information preparation and submission, single point-of-contact for auditors, remediation tracking).

Requirements:

• Minimum 3 years in Outsourcing Governance, Third Party Risk Management
• Experience in Third Party Supplier Risk Management platforms is a plus.
• Proven track record of managing third-party risks and implementing effective risk management strategies.
• Strong understanding of regulatory requirements and industry standards related to outsourcing and third-party risk management.
• Knowledge of MAS Outsourcing Guidelines and relevant regulations
• Experience in the financial services industry

Kindly apply online or send your application to [email protected]

EA: 15C7572