Roles & Responsibilities Job Responsibilities
- Operationalize Third Party Risk management framework (vendor governance and compliance framework, risk identification/ monitoring/ reporting, policies, procedures, standards) and exercise oversight of all third party risk management activities.
- Design, determine and establish KRIs, implement risk control measures and best practices (eg.
Due Diligence for Third-Party Service Providers/Outsourcing arrangements).
- Drive timely completion of third party risk deliverables and resolution of key risk issues.
- Perform assessment of third party risk incidents, issues and trends, communicate technical concepts to non-technical audience and provide advisory as Subject Matter Expert (eg.
For new product applications, outsourcing of services and engagement of third party vendors and service providers).
- Cultivate and promote a strong third party risk culture.
Job Requirements
- Good knowledge of outsourcing/third party and operational risk requirements and industry standards.
- Minimum 2-3 years experience in outsourcing, procurement, vendor/ third party or operational risk management, preferably in banking or financial services.
- Certifications such as CTPRP, CTPRA, CISSP, CRISC, CRCM would be advantageous.
- Good project management skills and experience.
- Ability to perform gap analysis of third party risk management policies and processes against new regulatory requirements and guidelines.
- Self-starter and a critical thinker.
- Proactive, resourceful and able to think and act strategically and tactically.
- Able to multi-task and work independently under tight timelines.
- Strong oral and written communication skills.
- Strong stakeholder management skills.
- Culturally sensitive.
Tell employers what skills you have Able To Multitask
Due Diligence
Outsourcing
Risk Control
Risk Management
Procurement
Cross-cultural Communication Skills
Banking
Regulatory Requirements
Stakeholder Management
Oral & Written Communication Skills
Financial Services