Vice President/Director, Legal Department (Technology & Outsourcing) - SMBC

Company : Sumitomo Mitsui Banking Corporation

Job Description - Vice President/Director, Legal Department (Technology & Outsourcing) - SMBC

We are seeking an experienced Senior Legal Counsel to join our Legal Dept, supporting the Bank's technology, outsourcing and vendor teams with primary focus on IT contracts, outsourcing arrangements and new/emerging areas of financial tech. The role requires a strong understanding of financial regulatory requirements application to outsourcing and third-party risk management in a banking context.

Job Responsibilities :

Draft, review and negotiate technology contracts, including software licenses, cloud services, SaaS, infrastructure agreements, NDAs, maintenance and support contracts and consultancy arrangements.
Providing legal support and advice on outsourcing arrangements in compliance with applicable legal and regulatory requirements (e.g. MAS Guidelines on Outsourcing, protection of customer information under Banking Act, PDPA).
Provide legal support on issues arising from procurement, vendor onboarding processes and cybersecurity incidents, ensuring appropriate risk allocation, service levels, data privacy, intellectual property rights and termination/exit planning.
Ensure that third party/vendor contracts are aligned with the Bank's risk, compliance and data protection frameworks.
Collaborate with internal stakeholders across technology, procurement, operations, risk and compliance teams to support digital initiatives, vendor management programs.
Advise on emerging technology risks (e.g. AI, cybersecurity, cloud computing, data/information security).
Drafting, updating, improving and maintaining agreements, standard templates, framework, guidance notes and other legal documents for the Bank and to conduct internal trainings.
Advising the Bank on laws and regulations affecting the Bank and coordinating with Compliance and other internal stakeholders on implementation.
Manage disputes or escalations involving vendors/service providers including enforcement of contractual rights.
Co-ordinating legal matters with other offices under APAC where necessary. Assisting Head of Legal in managing, coordinating and rolling-out initiatives involving legal teams across Asia Pacific Division.
Projects, initiatives and matters as may be assigned by Head of Legal from time to time.

Qualifications/Requirements:

Good Law degree from a recognized university and admitted to practice in Singapore.
Qualified lawyer with at least 9-12 years of post-qualification experience in a law firm and/or in-house legal dept (preferably in banks with experience on digital transformation projects) specialising in technology/outsourcing/vendor contracts.
Strong knowledge and experience in outsourcing and data privacy regulations (e.g. PDPA/GDPR).
Proven ability to negotiate IT, tech and services procurement contracts on behalf of financial institutions and provide strategic legal advice and practical solutions while balancing risks.
Excellent communication, analytical, negotiation and interpersonal skills.
Able to work independently and exercise sound legal judgment.
Confident and meticulous and able to work in fast-paced environment.
Proactive and growth-minded.

Original job Vice President/Director, Legal Department (Technology & Outsourcing) - SMBC posted on GrabJobs ©. To flag any issues with this job please use the Report Job button on GrabJobs.

Share Job

Get your Resume Reviewed for Free

Similar Legal Counsel Jobs in Singapore

Get your Resume Reviewed for Free

Email address

Why are you reporting this job?

I think it’s a discriminatory or offensive

I think it’s fraudulent or a scam

I think it’s trying to sell something unrelated to the job / it’s asking for money

I think it contains incorrect or broken information

Other

All Job Ads are subject to GrabJobs’s Terms of Service. We allow users to flag postings that may be in violation of those terms. Job Ads may also be flagged by GrabJobs moderation team. However, no moderation system is perfect, and flagging a posting does not ensure that it will be removed.

Setup your job alert:

Frequency

By activating job alerts, I agree to GrabJobs Terms & Privacy Policy. I can unsubscribe to job alerts anytime. Skip

Vice President/Director, Legal Department (Technology & Outsourcing) - SMBC

Job Description - Vice President/Director, Legal Department (Technology & Outsourcing) - SMBC

Similar Legal Counsel Jobs in Singapore

Mobile Apps