Vendor Management & Outsourcing Specialist

Posted 04 May 2023
Salary 90-100K
Job type Permanent
DisciplineFinancial Services
ContactShirley Tan

Job description

Our Client : Banking & Fintech
As a Vendor Management & Outsourcing Specialist, you'd be able to work on and solve many interesting challenges which we are facing, learn new ways of working, and help build delightful high quality products for our customers. You will be working with the Venture, risk stakeholders and Fin Tech Partners/vendors and support the Venture build and timely roll out.
Job Responsibilities:
  • Ensure all required risk management processes (new and on-going) are performed periodically as specified by governance standards Be the point of contact for the Vendor team and Contract owners for all required risk approvals and ensure compliance to vendor onboarding procedures
  • Support Business Functions to complete risk assessments and service review meetings based on implemented TPRM governance and oversight processes
  • Support the reviews and approval of new and incremental services to be contracted under the TPRM Framework Support second line of defence oversight of third party risks, validating and/or escalating, as appropriate, third party risks in alignment with the TPRM Framework and the Board-approved risk appetite
  • Ensure that all third party relationships are captured in a centralised inventory in a timely manner
  • Escalate identified issues to relevant risk committees as necessary Prepare reports of third party risk oversight activities to key stakeholders and relevant risk committees
  • Support audit reviews as directed Identify issues and root causes of incidents including oversight/facilitations of third party risk mitigation actions
  • Degree in Economics, Business Administration, Supply Chain Management, or Engineering
  • 8 years of working experience with Risk & Control / audit background
  • Previous experience of working within the Financial Services sector is an advantage
  • Ability to develop creative solutions to problems and work with the larger team
  • Energy and desire to succeed; follows through on commitments; pushes self and others to deliver exceptional results
  • Strong collaboration, consensus building, problem resolution and communication skills are a prerequisite