About the role
AI summarisedSenior Associate role in outsourcing vendor risk management within the Consumer Banking and Wealth Management (CBWMO) division of a global bank, part of the Group COO function. Responsible for overseeing vendor risk assessments, ensuring compliance with regulatory requirements, and managing third-party relationships.
BusinessFull-timeGeneral
Key Responsibilities
- Manage and oversee the outsourcing vendor risk management framework for CBWMO.
- Conduct risk assessments and due diligence on new and existing vendors.
- Monitor vendor performance and compliance with contractual obligations and regulatory standards.
- Review and negotiate outsourcing agreements to mitigate risks.
- Coordinate with internal stakeholders to ensure alignment with risk appetite and policies.
- Prepare and present risk reports to senior management and relevant committees.
- Support regulatory audits and inspections related to outsourcing activities.
- Identify emerging risks and recommend enhancements to the vendor risk program.
Requirements
- Bachelor's degree in Business, Finance, Risk Management, or related field.
- Minimum 5 years of experience in vendor risk management, outsourcing risk, or third-party risk within banking or financial services.
- Strong knowledge of regulatory requirements (e.g., MAS Outsourcing Guidelines, SOX, GDPR).
- Experience in conducting risk assessments and due diligence.
- Excellent analytical and problem-solving skills.
- Strong communication and stakeholder management abilities.
- Ability to work independently and manage multiple priorities.
- Professional certifications such as CISA, CISSP, CRISC, or CIA preferred.
- Proficiency in Microsoft Office Suite (Excel, PowerPoint, Word).