VP, Third-Party Risk Management, Corporate Infrastructure Services Department
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Posted on:
21 hours ago
Vacancies:
1 Vacancy
Job Summary
Location:Singapore
Job Function:Corporate Infrastructure Services Department
Job Type:Permanent
Req ID:17076
GIC is one of the worlds largest sovereign wealth funds. With over 2000 employees across 11 offices around the world we invest in more than 40 countries globally across asset classes and businesses. Working at GIC gives you exposure to an extraordinary network of the worlds industry leaders. As a leading global long-term investor we Work at the Point of Impact for Singapores financial future and the communities we invest in worldwide.
TheCorporate Infrastructure Services Department (CISD)at GIC focuses on maintaining a best-in-class workplace environment that enables employees to perform at their highest potential.
Within CISD theEnterprise Sourcing & Procurement (ESP)team provides strategic procurement and sourcing support ensuring compliance with internal and external requirements value optimization and quality assurance across all organizational activities.
The Third-Party Risk Management function sits within ESP and is a critical component of managing all risks (including but not limited to operational financial regulatory and reputational) associated with external vendors and service providers. Its primary purpose is to ensure that third-party relationships align with the organizations objectives meet regulatory requirements mitigate risks and support operational resilience.
What impact can you make in this role
The VP - Third-Party Risk Management will take a leadership role in implementing and maintaining an effective third-party risk and due diligence program. The successful candidate will lead efforts to assess monitor and mitigate risks associated with the organizations external vendors and service providers ensuring compliance with regulatory requirements and alignment with organizational objectives. This individual will collaborate with cross-functional teams to establish robust governance to safeguard the organizations operations and reputation.
What will you do as a Vice President
- Third-Party Risk Management and Governance:
- Define and lead the strategic direction of the organizations third-party risk management framework policies and governance structures.
- Track and manage remediation of identified vendor issues control gaps or audit findings.
- Act as the subject matter expert and key advisor to senior executives and risk committees on third-party risk exposure emerging trends and regulatory development
- Stay updated on regulatory developments in third-party risk and ensure compliance.
- Vendor Due Diligence and Risk Assessment:
- Oversee the design and execution of comprehensive risk assessments for critical vendors and service providers ensuring a risk-based and proportionate approach.
- Partner with stakeholders (e.g. Procurement Legal Compliance and other risk teams) to support the identification evaluation and mitigation of risks associated with operational financial compliance reputational cyber security and data privacy aspects of third-party relationships.
- Provide strategic guidance on contractual risk provisions service-level agreements (SLAs) and exit strategies to safeguard the organizations interests.
- . Ensure due diligence processes are robust efficient and aligned with regulatory expectations and internal risk appetite
- Ongoing Monitoring
- Conduct ongoing monitoring of third-party performance and compliance.
- Maintain an inventory of third-party relationships and conduct periodic reviews to assess ongoing risk levels.
- Present periodic risk dashboards and insights to senior management and relevant committees highlighting key trends emerging risks and mitigation actions.
- Collaboration and Stakeholder Management:
- Work closely with internal business units to ensure a comprehensive understanding of third-party dependencies and potential risks.
- Represent the TPRM function in cross-functional risk forums and external regulatory or industry engagements
- Lead communication and training initiatives to enhance organizational awareness and capability in managing third-party risks
- Continuous Improvements:
- Drive the adoption of technology data analytics and automation to enhance the efficiency and effectiveness of the TPRM program
- Leverage technology and data solutions such as TPRM platforms or data feeds for more effective due diligence and ongoing monitoring.
What qualifications or skills should you possess in this role
- Educational Requirements:
- Bachelors degree in Risk Management Finance Business Administration Law or a related field.
- Professional Experience:
- At least 10 years of experience in third-party/vendor risk management operational risk compliance or procurement roles.
- Proven track record of managing third-party risk environments in a leadership capacity preferably in the financial services technology or consulting industries.
- Skills and Competencies:
- Strong knowledge of third-party risk management frameworks processes and best practices.
- Familiarity with key regulatory compliance standards (e.g. MAS Outsourcing Guidelines GDPR FCPA AML/KYC ISO 27001).
- Analytical mindset with the ability to identify assess and mitigate potential risks.
- Exceptional communication negotiation and interpersonal skills for engaging with internal and external stakeholders.
- Hands-on experience with third-party risk management platforms (e.g. Coupa RSA Archer ServiceNow).
- Ability to work effectively in a fast-paced and complex risk environment.
- Knowledge of Operational Resilience management is a plus.
- Key Competencies:
- Leadership and strategic thinking.
- Problem-solving and analytical skills to address complex third-party risk challenges.
- Strong collaboration and team management abilities.
- Excellent attention to detail and alignment with corporate goals.
Work at the Point of Impact
We need to be forward-looking to attract the right people to help us become the Leading Global Long-term Investor. Join our ambitious agile and diverse teams - be empowered to push boundaries and pursue innovative ideas share your views and be heard. Be anchored on our PRIME Values: Prudence Respect Integrity Merit and Excellence which guides us in how we make our day-to-day decisions. We strive to inspire. To make an impact.
Flexibility at GIC
At GIC our offices are vibrant hubs for ideation professional growth and interpersonal connection. At the same time we believe that flexibility allows us to do our best work and be our best selves. Thus our teams come into the office four days per week to harness the benefits of in-person collaboration but have the flexibility to choose which days they work from home and adjust this arrangement as situational needs arise.
GIC is an equal opportunity employer
GIC is an equal opportunity employer and we value diversity. We do not discriminate based on race religion color national origin sex gender gender expression sexual orientation age marital status veteran status or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process to perform essential job functions and to receive other benefits and privileges of employment.
Please email at any point of the application or interview process if adjustments need to be made due to a disability.
Learn More
Learn more about our Corporate Infrastructure Services Department here: Experience:
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About Company
We are driven by a common purpose – securing Singapore’s financial future.
