Vice President, Third Party Risk Management

Sumitomo Mitsui Banking Corporation; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A prominent banking organization in Singapore is seeking an experienced professional to manage Third Party Risk activities. The ideal candidate will operationalize risk management frameworks, ensure compliance with regulatory requirements, and possess strong communication and stakeholder management skills. A background in operational risk management within the financial sector is advantageous. The position offers opportunities for strategic influence and leadership.

Qualifications

• Good knowledge of MAS TPRM/TRM guidelines.
• Minimum 3 years experience in vendor/third party risk management.
• Certifications such as CTPRP, CTPRA, CISSP, CRISC are advantageous.
• Self-starter, proactive, and resourceful.
• Strong stakeholder management skills.

Responsibilities

• Operationalize Third Party Risk Management framework.
• Drive timely completion of Third Party risk deliverables.
• Perform assessment of Third Party risk incidents and issues.
• Report to senior management at risk management committees.
• Cultivate a strong Third Party risk culture.

Skills

Knowledge of outsourcing/third party risk

Project management skills

Strong communication skills

Stakeholder management

Critical thinking

Tools

ITIL

NIST

ISO27001/2

Job description

Responsibilities

• Operationalize Third PartyRisk Management framework for APAC (risk identification/ assessment/ monitoring/ reporting, policies, procedures, standards) and exercise oversight ofall Third Party risk management activities.
• Design, determine and establish KRIs, implement risk control measures and best practices (e.g. Due Diligence for Third-Party Service Providers/Outsourcing arrangements) with Operational Resilience (i.e. BCM, Technology Risk and Operational Risk) in mind
• Drive timely completion of Third Party risk deliverables and resolution of key risk issues.
• Perform assessment of Third Party riskincidents, issues and trends, communicate technical concepts to non-technical audience and provide advisory as Subject Matter Expert (e.g. for new product applications, outsourcing of services and engagement of Third Party vendors and service providers).
• Reporting to senior management at risk management committees.
• Cultivate and promote a strong Third Party risk culture.

Requirements

• Good knowledge of outsourcing/third party, technology and operational risk requirements and industry standards, such as MAS TPRM/TRM guidelines, ITIL, SAS, NIST, ISO27001/2

• Minimum 3years experience in vendor/third party, IT / Cloud outsourcing or operational risk management, preferablyin banking or financial services.

• Certifications such as CTPRP, CTPRA, CISSP, CRISC, CRCM, as well as CISSP, CISA, CISM and CRISC would be advantageous.

• Good project management skills and experience a plus
• Ability to perform gap analysis of Third Party risk managementpolicies 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 and people management skills.
• Culturally sensitive and good leadership qualities.