Senior Associate, Supplier Risk & TPRM Manager, Group Procurement & Services, Group COO

DBS; Singapore; On-site; SGD 80,000 - 110,000; Full time

Job summary

A major financial institution in Singapore is seeking a Procurement Risk Manager to oversee supplier risk management, ensure compliance with TPRM and Outsourcing Guidelines, and drive process improvements. The ideal candidate should possess extensive experience in procurement risk within financial services, strong analytical skills, and proficiency in digital procurement tools like Coupa and Tableau. The role offers a chance to enhance supplier resilience through proactive risk detection and reporting.

Qualifications

• Minimum 8–10 years of procurement or risk management experience, ideally in financial services.
• Proven track record in managing supplier risk and governance.
• Strong knowledge of MAS TPRM and Outsourcing requirements preferred.

Responsibilities

• Maintain and update supplier segmentation model aligned with procurement’s risk framework.
• Manage ongoing supplier risk monitoring using AI-enabled tools.
• Support risk evaluation with key stakeholders, ensuring proper documentation.

Skills

Supplier risk management

Data-driven decision-making

Stakeholder management

Analytical mindset

Process improvement

Education

Bachelor’s Degree in Business, Supply Chain, Risk Management, or related discipline

Tools

Coupa

Tableau

WorkFlow WorkBench-WFWB

Job description

Job Description

• Maintain and update the supplier segmentation model (high, medium, low risk) aligned with Procurement’s risk-based management framework.
• Partner Risk Management Group, Compliance, and Legal to align procurement processes with MAS 654/658 and Outsourcing Guidelines.
• Define and maintain supplier risk KPIs, dashboards, and reporting cadence at the appropriate Risk Forums.
• Develop and maintain due diligence governance across procurement lifecycle.
• Ensure risk mitigation actions are tracked to closure.
• Support risk evaluation/review with key stakeholders, aligning with Third Party Risk Management (TPRM) requirements for new and renewing suppliers, ensuring proper documentation and escalation where required.

3. Ongoing Monitoring & Control

• Manage ongoing supplier risk monitoring, leveraging AI-enabled tools for adverse news, sanctions, and financial alerts.
• Escalate emerging risks or supplier deterioration to relevant business and risk stakeholders.
• Partner with category managers and TPRM teams on remediation plans and exit strategies for high-risk suppliers.
• Prepare periodic reports for management assurance reviews.
• Drive process improvements to streamline supplier risk reviews and automate repetitive steps through workflow tools (e.g., WorkFlow WorkBench-WFWB, CLMS, Coupa).
• Collaborate with GPS Digital Enablement and Control Tower teams to enhance data quality and analytics for supplier intelligence.

Qualifications & Experience

• Bachelor’s Degree in Business, Supply Chain, Risk Management, or related discipline.
• Minimum 8–10 years of procurement in critical infra, or operational categories or risk management experience, ideally in financial services or multinational organizations.
• Strong knowledge of MAS TPRM and Outsourcing requirements preferred.
• Proven track record in managing supplier risk and due diligence governance.
• Proficiency in digital procurement tools (e.g., Coupa) and data visualization platforms (e.g., Tableau).
• Strategic thinking and ability to connect supplier risk with business continuity.
• Strong stakeholder management and communication across cross-functional teams.
• Analytical mindset with proficiency in data-driven decision-making.
• Self-starter with ability to work independently and drive process improvements.
• Comfortable working in a fast-paced, regulated and digitally transforming environment.

Success Measures

• Strengthen supplier resilience through early identification and mitigation of risk exposures with key stakeholders (Contract Owner, Sourcing, Legal, Compliance, etc)
• Embed risk-based governance with differentiated oversight across Outsourcing and TPRM-Risk profiles
• Establish continuous monitoring using WFWB and AI-driven insights for proactive risk detection and escalation.