Third Party Risk Management

at  KS Talent Solutions

M
Posted by
Manisha Doogar
Recruiter
The Third-party Risk Management (TPRM) Officer is responsible for implementing the third-party risk management program at our Singapore Branch, ensuring effective risk management practices for external third-party relationships.

QUALIFICATIONS:

• Bachelor’s/University degree.
• 10 years of related experience within the Financial Services industry.
• 5 years of experience in Vendor/Third Party Risk Management in the Banking and Financial Services industry.
• MAS regulations and guidelines.
  If you meet these qualifications and are looking for an opportunity to make a significant impact in third-party risk management, we would love to hear from you. Please apply with your resume and a cover letter detailing your experience and qualifications to manisha@kstalentsolutions.com/ manisha@kstalentsolutions.com

• Provide leadership, strategic direction, and oversight to ensure successful execution of the TPRM program, promoting a consistent risk-based approach.
• Create, manage, enhance, and implement TPRM Policy, procedures, and program governance, ensuring effective risk management of Vendor/Third Parties in accordance with global risk management guidelines, the Bank’s risk appetite, and regulatory requirements.
• Manage the Third-party Risk Management program, including coordination of TPRM due diligence efforts to assess and mitigate risks of new and existing third-party suppliers.
• Partner with business operations, technology teams, and internal functions to conduct on-site visits of third parties when required.
• Actively engage and collaborate with internal key stakeholders/subject matter experts across various risk areas to contribute to the effective management of third-party relationships and ensure the program encompasses all potential risks for continuous improvement.
• Drive implementation of TPRM processes in alignment with regulatory requirements.
• Continuously monitor regulatory changes impacting TPRM and ensure the TPRM framework and related policies are aligned with regulatory requirements.
• Promote and deliver continuous training and awareness to the business on TPRM, including outsourcing.
• Lead vendor evaluation and contract recommendations.
• Identify, monitor, track, and escalate issues requiring remediation.
• Manage regulatory and internal audit interactions related to TPRM.
• Conduct ongoing vendor/third-party monitoring, including coordination with the first line of business units for completion of required TPRM program documentation.
• Lead continuous improvement initiatives.
• Ensure program quality and expectations are met and exceeded, including that all vendor/third-party relationships are captured in a centralized inventory in a timely manner.
• Actively participate in internal and external forums for developing and providing thought leadership in third-party risk management.