Director, Technology and Third Party Risk Management - SMBC

Company : Sumitomo Mitsui Banking Corporation

Job Type : Full Time

Singapore

Job Description - Director, Technology and Third Party Risk Management - SMBC

Technology and Third Party Risk Management as a 2nd Line function

As part of the 2nd Line of Defence, work closely with stakeholders in the 3 lines of defence to implement appropriate risk governance/oversight, design/establish metrics such as KRIs, implement controls and promote best practices that drive Technology and Third party risk management efforts, regulatory compliance and operational resilience
Drive the implementation of Third party Risk Management framework in APAC branches and subsidiaries for assessing, monitoring and reporting of Third Party risks inherent in business operations, with Technology Risk, Operational Risk and Operational Resilience as key priorities

Ensure the Bank's regional and local policies, procedures and standards meet regulatory requirements in all APAC branches and subsidiaries
Work closely with stakeholders in the 3 Lines of Defence to implement appropriate risk governance/oversight, design/determine/establish metrics like KRIs.
Monitor trends, review and challenge (effectiveness of) controls, risk events, IT processes and promote best practices that drive technology risk
Coordinate Technology and Third party risk management efforts and manage IT Governance, Risk and Compliance (GRC) activities across the APAC Offices and with HO to drive timely completion of technology risk deliverables and resolution of key risk issues
Communicate technical concepts to non-technical audience and senior management and lead efforts to cultivate and promote a strong risk culture and ensure adherence to Technology and Third party risk management policies, procedures and standards

Job Responsibilities:

To operationalize Technology and Third Party Risk management framework (governance framework, risk identification/ monitoring/ reporting, policies, procedures, standards) in the 2nd Line of Defence
To design, determine and establish KRIs, review and challenge the effectiveness of risk controls in the 1st Line of Defence and implement best risk management practices (eg. Stress tests, Due Diligence for Third-Party Service Providers/Outsourcing)
To drive timely completion of technology risk deliverables and resolution of key risk issues, including risk management monitoring and reporting
To perform assessment of technology risk trends, communicate technical concepts to non-technical audience and provide advisory as Subject Matter Expert (eg. For new product applications, adoption of new systems, technology)
To cultivate and promote a strong technology risk management culture

Requirements:

Degree in IT, Computing, Computer Science/Engineering, Information Systems or any quantitative field
Good knowledge of outsourcing/third party, technology and operational risk requirements and industry standards, such as MAS TPRM/TRM guidelines, ITIL, SAS, NIST, ISO27001/2
Minimum 5 years experience in Third Party Risk Management, Technology Risk Management, Information/Cyber security or IT Audit/Compliance in banking

Professional certification such as CTPRP, CTPRA, CISSP, CRISC, CRCM, as well as CISSP, CISA, CISM and CRISC would be advantageous.
Ability to perform gap analysis of Technology and Third Party risk management policies and processes against new regulatory requirements and guidelines.
Good project management and mentorship skills and experience a plus

Self-starter and a critical thinker
Proactive, resourceful and able to think and act strategically and tactically
Able to multi-task and work independently under tight timelines
Strong oral and written communication skills
Strong stakeholder management skills
Culturally sensitive

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Director, Technology and Third Party Risk Management - SMBC

Job Description - Director, Technology and Third Party Risk Management - SMBC

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