About the role

AI summarised

The Outsourcing and TPRM Manager is responsible for overseeing the outsourcing and third-party risk management framework at a bank. This role involves assessing, monitoring, and mitigating risks associated with third-party relationships, ensuring compliance with regulatory guidelines such as MAS Outsourcing Guidelines, and managing vendor due diligence and performance.

BusinessFull-timeGeneral

Key Responsibilities

Develop and maintain the outsourcing and third-party risk management framework and policies.
Conduct risk assessments and due diligence on new and existing third-party vendors.
Monitor vendor performance and compliance with contractual obligations and regulatory requirements.
Coordinate with internal stakeholders to identify and mitigate third-party risks.
Prepare and present risk reports to senior management and relevant committees.
Ensure adherence to MAS Outsourcing Guidelines and other applicable regulations.
Manage the vendor lifecycle including onboarding, periodic reviews, and offboarding.
Lead or participate in audits and regulatory inspections related to outsourcing.

Requirements

Bachelor's degree in Business, Finance, Risk Management, or a related field.
Minimum 5-10 years of experience in third-party risk management, outsourcing governance, or operational risk within the banking or financial services industry.
Strong knowledge of MAS Outsourcing Guidelines and other relevant regulatory frameworks.
Experience in conducting vendor risk assessments and due diligence.
Excellent analytical, communication, and stakeholder management skills.
Professional certifications such as CISA, CIA, or CRISC are preferred.
Ability to work independently and manage multiple priorities.
Proficiency in risk management tools and Microsoft Office Suite.