Job Description
About the Opportunity
A prestigious banking and financial services institution is seeking an accomplished Third Party Risk Manager to lead the development and execution of a robust third-party risk management framework across the Asia Pacific region. This strategic role reports to the Head of Operational Risk and plays a pivotal part in safeguarding the organization’s operations by ensuring all external partnerships adhere to regulatory standards and internal risk appetite.
Key Responsibilities
- Design, implement, and continuously improve the third-party risk management program in line with APAC regulatory expectations (MAS, HKMA, etc.).
- Conduct thorough risk assessments of potential and existing third parties, covering cyber security, business continuity, financial viability, and regulatory compliance.
- Collaborate with procurement, legal, and business units to integrate risk management into the vendor lifecycle.
- Monitor and report on third-party risk exposures, providing regular updates to senior management and committees.
- Lead the remediation of identified risks and ensure timely closure of findings.
- Establish key risk indicators (KRIs) and thresholds to proactively monitor vendor performance and risk.
- Stay abreast of emerging regulatory trends and adapt the program accordingly.
Qualifications & Experience
- Bachelor’s degree in Risk Management, Finance, Business, or a related discipline. Master’s degree or professional certifications (CRISC, CISM, CISSP) highly preferred.
- At least 8-10 years of experience in third-party risk management, operational risk, or vendor risk management within the banking or financial services sector.
- In-depth understanding of third-party risk regulations and best practices in the APAC region, particularly Singapore (MAS Outsourcing Guidelines).
- Proven ability to influence stakeholders and lead cross-functional risk initiatives.
- Strong analytical and negotiation skills, with experience reviewing complex vendor contracts.
- Excellent command of English; proficiency in additional Asian languages is a plus.
- Self-starter with the ability to work independently in a fast-paced, global environment.
What We Offer
A competitive compensation package, including performance bonuses and comprehensive benefits. This role offers the chance to shape the third-party risk landscape in a growing organization with a strong commitment to risk management excellence.
Responsibilities
- Design, implement, and continuously improve the third-party risk management program in line with APAC regulatory expectations (MAS, HKMA, etc.).
- Conduct thorough risk assessments of potential and existing third parties, covering cyber security, business continuity, financial viability, and regulatory compliance.
- Collaborate with procurement, legal, and business units to integrate risk management into the vendor lifecycle.
- Monitor and report on third-party risk exposures, providing regular updates to senior management and committees.
- Lead the remediation of identified risks and ensure timely closure of findings.
- Establish key risk indicators (KRIs) and thresholds to proactively monitor vendor performance and risk.
- Stay abreast of emerging regulatory trends and adapt the program accordingly.
Qualifications
- Bachelor’s degree in Risk Management, Finance, Business, or a related discipline. Master’s degree or professional certifications (CRISC, CISM, CISSP) highly preferred.
- At least 8-10 years of experience in third-party risk management, operational risk, or vendor risk management within the banking or financial services sector.
- In-depth understanding of third-party risk regulations and best practices in the APAC region, particularly Singapore (MAS Outsourcing Guidelines).
- Proven ability to influence stakeholders and lead cross-functional risk initiatives.
- Strong analytical and negotiation skills, with experience reviewing complex vendor contracts.
- Excellent command of English; proficiency in additional Asian languages is a plus.
- Self-starter with the ability to work independently in a fast-paced, global environment.