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Head of Third Party Risk Management Job Opening In Singapore, Singapore – Now Hiring Prudential plc


Job description

Prudential’s purpose is to be partners for every life and protectors for every future.

Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners.

We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions.

We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

ROLE DUTIES & RESPONSIBILITIES:

Responsibilities include, but are not limited to, the following:

  • Lead the design and deployment of a firm-wide TPRM framework (including outsourcing governance framework).
  • Manage the ongoing TPRM program which includes an integrated approach for assessing and mitigating the risk of new and existing third-party suppliers.
  • Ensure that risks associated with Third Party relationships, before and after entering into contracts, are sufficiently identified, assessed, monitored and controlled.
  • Manage and enhance the governance model to provide ongoing monitoring and oversight of the risks posed by third-parties.
  • Monitor and update third-party risk assessment framework to respond and adhere to new and existing regulatory guidelines and initiatives.
  • Lead third-party risk segmentation, deploy and maintain up-to-date annual attestations by contract owners.
  • Develop reports for use by business areas and senior management regarding third-party risks.
  • Identify and escalate key items of concern regarding new and existing current third –parties, including the potential of concentration risk and fourth-party risk exposures.
  • Partner with sourcing partners, Operational Risk Team, Information Security and Technology Risk Team, Compliance, Legal, business areas and other assurance functions in the second and third line of defense to identify third-party risks and escalate those risks appropriately
  • REQUIREMENTS:

    Education:

  • Bachelor’s degree as a minimum academic qualification
  • Work Experience:

  • Minimum of 8 years focused expertise in Third Party Oversight, Vendor Governance, Risk Management, Operational Risk
  • Proven related financial services experience, risk & regulatory related experience highly desired
  • Third Party Vendor experience preferred
  • Broad and deep third-party risk technical knowledge
  • Strong people management, internal consulting, and partnering skills
  • Ability to influence with or without authority to achieve desired outcomes
  • Balance and successfully manage competing priorities
  • Strong industry participant with knowledge of best practices
  • Competencies & Personal Traits:

  • Ability to work independently, with limited supervision
  • Ability to think strategically and tactically to ensure recommendations are appropriate and realistic
  • Proficient in Microsoft Excel, PowerPoint and Word
  • Effective written and verbal communication skills
  • Required Skill Profession

    Operations Specialties Managers


    • Job Details

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    The Work Culture

    An organization's rules and standards set how people should be treated in the office and how different situations should be handled. The work culture at Prudential plc adheres to the cultural norms as outlined by Expertini.

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    7. Obeying Singapore laws and regulations

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