VP – Third Party Risk, Banking

BEATHCHAPMAN (PTE. LTD.); Singapore; On-site; SGD 150,000 - 200,000; Full time

Job summary

A leading financial institution in Singapore is searching for a Vice President of Third-Party Risk Management. This role involves leading the strategy and governance of vendor risks, managing a team, and ensuring compliance with banking regulations. The ideal candidate will have over 5 years of experience in a related field, a strong background in risk frameworks, and the ability to work in a collaborative environment. Join us in 2025 for this exciting opportunity.

Qualifications

• Minimum 5 years of experience in Third Party Risk, ideally in Banking or Financial Services.
• Ability to lead teams effectively.
• Experience working in fast-paced collaborative environments.

Responsibilities

• Develop and execute third-party risk management strategy.
• Establish and maintain policies and procedures for third-party lifecycle.
• Lead a team on assessing and mitigating third-party risks.
• Collaborate with various departments for consistent TPRM application.
• Identify critical vendors and implement oversight programs.
• Oversee reporting on third-party performance and risks.

Skills

Team leadership

Knowledge of banking regulations

Risk framework expertise

Vendor management

Education

Bachelor’s degree in relevant field

Job description

The Role

The Vice President of Third-Party Risk Management will lead the bank’s strategy, governance, and oversight of third-party and vendor risks across the enterprise. The role requires strong knowledge of banking regulations, risk frameworks, and vendor management best practices.

Responsibilities

• Develop and execute the bank’s third-party risk management (TPRM) strategy in alignment with enterprise risk appetite and regulatory expectations.
• Establish and maintain policies, standards, and procedures governing the third-party lifecycle.
• Lead a team responsible for assessing, monitoring, and mitigating third-party risks across the enterprise.
• Collaborate with procurement, legal, compliance, and business units to ensure consistent application of the TPRM program.
• Drive the identification of critical vendors and implement enhanced oversight programs.
• Oversee third-party performance and risk reporting, including concentration risk, SLA adherence, and control effectiveness.

Requirements

• Bachelor’s degree from a relevant field.
• At least 5 years of Third Party Risk experience – ideally from the Banking or FS space.
• Ability to lead a team.
• Able to work in a fast and collaborative environment.

Take charge of this opportunity to welcome a new career challenge in 2025.

EA Personnel No. R1985201
BeathChapman Pte Ltd
Licence No. 16S8112