AVP/VP, Operational Risk Management (1 Year Contract)

Overview of Division/Department

Operational Risk Management (OPRM) is to support the strategic objectives and plans set forth by the management of 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, Technology Risk Management and service quality.


About Us
MIZUHO BANK IS THE BANKING SUBSIDIARY OF MIZUHO FINANCIAL GROUP, WHICH IS HEADQUARTERED IN TOKYO, JAPAN. MIZUHO FINANCIAL GROUP, INC. IS THE 15TH LARGEST BANK IN THE WORLD, AS MEASURED BY TOTAL ASSETS OF APPROXIMATELY US 2 TRILLION. MIZUHO'S 55,000 EMPLOYEES WORLDWIDE OFFER COMPREHENSIVE FINANCIAL SERVICES TO CLIENTS IN OVER 800 OFFICES THROUGHOUT THE AMERICAS, EMEA, AND ASIA.

MIZUHO BANK SINGAPORE BRANCH HAS AN ESTABLISHED LOCAL PRESENCE WITH OVER 50 YEARS OF HISTORY AND SERVES AS THE REGIONAL HUB FOR THE BANK'S APAC OPERATIONS.

OPERATING WITH A FULL BANK LICENSE, MIZUHO BANK SINGAPORE BRANCH PROVIDES BANKING SERVICES TO OVER 2,000 JAPANESE AND NON JAPANESE CORPORATE CLIENTS, WITH A STAFF STRENGTH OF ABOUT 1,000 EMPLOYEES. WE PROVIDE EXPERTISE IN CORPORATE FINANCE, TRADE FINANCE, CASH MANAGEMENT, FUNDS TRANSFERS, PROJECT FINANCE, AND TREASURY SERVICES TO HELP BUSINESSES DEVELOP AND FIND NEW OPPORTUNITIES. WE ALSO COLLABORATE WITH OUR AFFILIATE COMPANY, MIZUHO SECURITIES, TO PROVIDE INVESTMENT BANKING SOLUTIONS TO OUR CLIENTS.


Job Responsibilities
Third Party Risk Management - Assistant Vice President / Vice President (1 Year Contract)

• Conduct thorough assessments of vendors to identify potential third party, tech, cyber and data governance risks.
  
• Oversee the onboarding process for new vendors and group them according to MAS and Head Office requirement
  
• Review the due diligence to ensure they meet the organisation's standards and regulatory requirement
  
• 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 issue raised by the TPRM committee.
  
• Prepare reports for regulator, auditors or senior management
  
• Promote a culture of risk awareness within the organization by educating internal stakeholders on third party risk management and technology risk management practices, policies and procedures
  

• Candidates must possess knowledge of MAS Technology Risk Management as a prerequisite.
  

Job Requirements
What you should have:

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