Senior Analyst, Third Party Risk, Risk Management Department

SUMITOMO MITSUI BANKING CORPORATION Singapore Branch; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A major financial institution in Singapore is seeking a candidate to operationalize its third party risk management framework. The role requires at least 2-3 years of relevant experience in risk management within the banking sector. Ideal candidates will have strong project management and communication skills, with certifications being a plus. This position allows for independent work under tight deadlines, while fostering a robust risk management culture.

Qualifications

• 2-3 years experience in third party risk management, preferably in banking.
• Certifications such as CTPRP, CTPRA, CISSP, CRISC, CRCM are advantageous.
• Strong critical thinking and self-starting abilities.

Responsibilities

• Operationalize third party risk management framework.
• Establish KRIs and implement risk control measures.
• Cultivate a strong third party risk culture.

Skills

Knowledge of outsourcing/third party risk

Project management skills

Strong communication skills

Stakeholder management

Job description

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.