Third Party Governance Lead, Asia

QBE Europe; Petaling Jaya; Hybrid; MYR 70,000 - 90,000; Full time

Job summary

A leading insurance company in Malaysia is looking for a professional to oversee the development and maintenance of a robust Global 3rd Party risk management system. The candidate should have a relevant degree and over 5 years of experience in risk or compliance within the insurance or financial sectors. The role offers numerous benefits, including hybrid working options and additional leave days.

Benefits

Flex and hybrid working options

Comprehensive medical benefits

Paternity leave matching maternity leave

Access to online learning via LinkedIn Learning

3 additional days off (Family care leaves)

Qualifications

• 5 years or more experience in risk or compliance for insurance or financial sectors.

Responsibilities

• Oversee development, execution, and maintenance of risk management system.
• Manage outsourcing governance across multiple regions.
• Coordinate risk assessments and ongoing monitoring of third-party service providers.
• Provide guidance on third party risk management policies and best practices.

Skills

Adaptability

Audit Management

Communication

Contract Management

Critical Thinking

Risk Management

Stakeholder Management

Education

Relevant university degree

Job description

Overview

Primary Details Time Type: Full time Worker Type: Employee The purpose of this role is to oversee the development, execution, and maintenance of a robust Global 3rd Party risk management system within a newly established Group function, encompassing pre and post contract management tasks.

Your New Role

• Oversight and monitoring of in scope business areas to embed and maintain compliant and up-to-date procedures, practices, controls, and documentation that support Divisional Framework.
• Lead and manage first-line outsourcing governance across Hong Kong, Singapore, Malaysia and Vietnam, ensuring compliance with local regulatory requirements and internal policies.
• Coordinate end-to-end outsourcing lifecycle activities, including risk assessments, due diligence, contract reviews, and ongoing monitoring of third-party service providers.
• Act as the primary liaison between business units and second-line functions (e.g., Risk, Legal, Compliance) to ensure alignment on outsourcing standards and controls.
• Deliver annual deep-dive assurance planning and activity;
• Complete regulatory and policy gap analysis and translate into action plans;
• Work with key stakeholders across our business to ensure our third party risk is aligned to the Division’s operational risk appetite;
• Undertake other activities to support the wider functional goal to mitigate operational risk across the Division as opportunities arise.
• Maintain and update outsourcing registers and documentation in accordance with regulatory expectations and internal frameworks.
• Support regulatory reporting and audits related to outsourcing arrangements, including preparation of materials and responses to inquiries.
• Provide guidance and training to business stakeholders on third party risk management and outsourcing policies, procedures, and best practices.

About You

• 5 years or more experience in risk or compliance for insurance or financial sectors.
• Relevant university degree

Benefits

Excited to share our comprehensive benefits package at QBE. Flex and hybrid working options. Work from home policy. Paternity leaves matching with maternity leave. Well-being programs. Pensions. Medical benefits. Globally, access to online learning via LinkedIn Learning. On top of annual leaves, 3 additional days off (Family care leaves). Study leave. Marriage leave. Internal Appreciation program with points to redeem nice merchandize and life experiences. Join us and enjoy a work environment that values your well-being and personal growth.

Skills

Adaptability, Audit Management, Communication, Contract Management, Control Frameworks, Critical Thinking, Customer Service, Financial Advising, High Accuracy, HR Project Management, Intentional collaboration, Managing performance, Risk Management, Stakeholder Management, Team Development

Application Close Date: 30/10/2025 11:59 PM

How to Apply

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.