Director OTCR Third Party Risk SME

Standard Chartered Bank; Singapore; On-site; SGD 100,000 - 125,000; Full time

Job summary

A leading international bank in Singapore is seeking a Director of Operational, Technology and Cyber Risk to manage third-party risks and foster a risk culture within the organization. The role demands solid knowledge of regulations, strong analytical skills, and the ability to effectively engage with stakeholders. This position offers a direct contract for 12 months and includes a competitive salary and benefits to support employee wellbeing.

Benefits

Competitive salary

Flexible working options

Time-off including annual leave and parental leave

Proactive wellbeing support

Qualifications

• 5+ years of experience in third party risk management or a related role.
• Proven ability to assess and mitigate third-party risks.
• Strong knowledge of regulatory requirements like PRA and FCA.

Responsibilities

• Lead the management of third-party risk effectively across the organization.
• Provide expertise, advice, and develop frameworks and policies for risk management.
• Engage with stakeholders to ensure compliance and best practices.

Skills

Third party risk management

Vendor management

Analytical skills

Communication skills

Stakeholder management

Problem-solving

Education

Bachelor's degree

Job description

Job Summary

• The Operational, Technology and Cyber Risk (OTCR) organisation is instrumental in protecting and ensuring the resilience of Standard Chartered Bank’s operations, data, and IT systems by managing operational, technology and cyber risk across the enterprise. As a critical function reporting into the Group Chief Risk Officer (CRO), the Group OTCR team serves as the second line of defence for assuring that controls are implemented effectively, in accordance with the OTCR Framework, and for instilling a risk culture within the Bank.
• The Director, OTCR, Third Party Risk is an important role that requires solid business acumen and a detailed knowledge of key regulations, industry trends, and the ability to collate, analyse and opine on disparate information to support efforts to manage the sub‑risk types of Third‑Party risks, within risk appetite.

Key Responsibilities

• The successful candidate will have skills and experience in all types of third‑party risk and must engage with stakeholders across the three lines of defence, providing subject matter expertise, advice and deliver services and/or activities specific to Third Party risk. This includes advising on effective risk management practices, governance and oversight, and providing applied knowledge to help support the development of approaches, frameworks and policies, including guidance and training to staff.
• The successful candidate will deliver value by providing specialised knowledge, clear direction and recommendations on how to effectively manage risk. This includes supporting other locations to help make balanced and informed risk decisions. This makes it critical to have constructive stakeholder engagement, liaison and negotiation experience, along with strong communication skills, and an ability to contribute and communicate a compelling, yet simplistic vision, for others to follow.
• The successful candidate will need to have proven experience in developing and maintaining policies and be well versed with risk and controls in the respective risk areas. The candidate is also expected to be familiar with the mechanics of implementing policies, risk and control concepts, and interdependencies with other OTCR teams with respect to policies.
• Processes
  Continuously enhance the risk methodology, keeping abreast of external practices through research and participation in industry forums.
• Risk Management
  Ensure all activity adheres to the Risk Management Framework, with a specific focus on an effective framework for the management of Operational Risks within the team as they pertain to the role.
• Governance
  Demonstrate an awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
  Deliver effective governance, capability to challenge colleagues effectively; and willingness to work in an open and cooperative manner with all.
• Regulatory & Business Conduct
  Display exemplary conduct and live by the Group’s Values and Code of Conduct.
  Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
  Lead the OTCR TPRM SME team to achieve the outcomes set out in the Bank’s Conduct Principles.
  Effectively and collaboratively identify, elevate, mitigate and resolve risk, conduct and compliance matters.
• Key stakeholders
  OTCR LT, Single Points of Contact (SPOCs) and coverage teams, First Line and Third Line stakeholders, Supply Chain Management, Policy Owners.
• External
  Regulators both central and country regulators as relevant, External Auditors.
• Other Responsibilities
  Embed Here for good and Group’s brand and values in OTCR. Perform other responsibilities assigned under Group policies and procedures.

Skills and Experience

Our Ideal Candidate

• 5+ years of experience in third party risk management, vendor management, or a related risk management role with strong academic background.
• Proven track record in assessing, managing, and mitigating third‑party risks within a complex organisational environment.
• Knowledge of key regulatory requirements from PRA, FCA etc and industry standards (e.g. BASEL).
• Strong analytical and problem‑solving skills with the ability to interpret complex data and make informed decisions.
• Ability to conduct thorough risk assessments and develop effective mitigation strategies.
• Excellent written and verbal communication skills, with the ability to present complex risk concepts to stakeholders at all levels.
• Strong interpersonal skills with the ability to work collaboratively with cross‑functional teams.
• Proactive and self‑motivated with a strong sense of accountability and ownership.
• Ability to adapt to a fast‑paced and dynamic work environment.
• Continuous learner with a commitment to staying updated on industry trends and best practices.
• Direct contract role for 12 months.

Technical Competencies

• Communication Skills
• Stakeholder Management
• Risk Management
• Operational and Technology Risk Management
• Process Management
• Regulatory Environment – Financial Services
• Process Automation
• Change Management Risk
• Third Party Risk Management
• Resilience Risk
• Manage Vendors

About Standard Chartered

We’re an international bank, nimble enough to act, big enough for impact. For more than 170 years, we’ve worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you’re looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can’t wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you’ll see how we value difference and advocate inclusion.

Together we:

• Do the right thingand are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle,continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together,we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time‑offincluding annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible workingoptions based around home and office locations, with flexible working patterns.
• Proactive wellbeing supportthrough Unmind, a market‑leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first‑aiders and all sorts of self‑help toolkits.
• A continuous learning cultureto support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation,one that embraces and celebrates our unique diversity, across our teams, business functions and geographies – everyone feels respected and can realise their full potential.

Recruitment Assessments

Some of our roles use assessments to help us understand how suitable you are for the role you’ve applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers website www.sc.com/careers