Associate - Third Party Risk Management

1. Conduct thorough assessments of third-party vendors to identify potential risks
2. Oversee the onboarding process for new vendors and group them according to MAS and Head Office requirement
3. Review the due diligence to ensure they meet the organizations' standards and regulatory requirement
4. Continuously monitor the performance and risk levels of existing vendors, identifying any changes that could impact the organization.
   
   
5. Develop and implement risk mitigation strategies to address identified risks, such as working with business owners on requiring vendors to improve security measures or renegotiating contracts.
   
   
6. Work with internal stakeholders to manage risks effectively and ensure that all third-party relationships align with the organization's risk appetite.
   
   
7. Provide secretariat support for TPRM Committee meetings and present any imperative issue raised by the TPRM committee.
   
   
8. Prepare reports for regulator, auditors or senior management
9. Promote a culture of risk awareness within the organization by educating internal stakeholders on third party risk management practices, policies and procedures.
   
   
10. Candidates with knowledge of MAS Technology Risk Management will have an added advantage.
    
    

Job Requirements:

• University degree or equivalent with at least 3 years of working experience in Vendor/ Operational Risk management in the banks or financial institutions
• Meticulous, analytical, able to work independently
• Strong interpersonal skills and good team player who is able to effectively interact with various business units.
  
  
• Positive attitude to change and utilising technology to increase productivity and efficiency
• Candidates with knowledge of MAS – Management of third-party arrangements will be preferred