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AVP / VP - Third Party Risk Management

AVP / VP - Third Party Risk Management

Mizuho Bank, LtdSingapore, Michigan, Singapore
4 days ago
Job type
  • Full-time
Job description

Overview of Division / Department

Operational Risk Management (OPRM) supports the strategic objectives and plans set forth by the management of the Singapore Administration Department.

OPRM is responsible for planning, promoting, and coordinating activities necessary to maintain and improve the quality of Mizuho's operational infrastructures. Its primary focus is on operations key risks, BCM / BCP, Third Party Risk Management, and service quality.

Company Profile

Mizuho Bank, Ltd. is a subsidiary of the Japan-based Mizuho Financial Group, Inc. (listed on the Tokyo Stock Exchange and NYSE) and is one of the largest financial services companies in the world. Mizuho Bank, Ltd. provides financial and strategic solutions for the increasingly diverse and sophisticated needs of its clients with offices located in all the major cities of the world such as Tokyo, New York, London, Hong Kong, and Singapore.

Job Responsibilities

  • Conduct thorough assessments of third-party vendors to identify potential risks.
  • Oversee the onboarding process for new vendors and group them according to MAS and Head Office requirements.
  • Review due diligence to ensure they meet the organization's standards and regulatory requirements.
  • Continuously monitor the performance and risk levels of existing vendors, identifying any changes that could impact the organization.
  • Develop and implement risk mitigation strategies to address identified risks, such as working with business owners on requiring vendors to improve security measures or renegotiating contracts.
  • Work with internal stakeholders to manage risks effectively and ensure that all third-party relationships align with the organization's risk appetite.
  • Provide secretariat support for TPRM Committee meetings and present any imperative issues raised by the TPRM committee.
  • Prepare reports for regulators, auditors, or senior management.
  • Promote a culture of risk awareness within the organization by educating internal stakeholders on third-party risk management practices, policies, and procedures.

Job Requirements

  • University degree or equivalent with at least 5 years of working experience in Vendor / Operational Risk management in banks or financial institutions.
  • Meticulous, analytical, and able to work independently.
  • Strong interpersonal skills and a good team player who is able to effectively interact with various business units.
  • Positive attitude to change and utilizing technology to increase productivity and efficiency.
  • Candidates with knowledge of MAS - Management of third-party arrangements will be preferred.

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