Vice President – Third Party Risk Management – BFS

Procurement-TPRM-VP

Skills : Procurement, contracting, third party, due diligence

– Post grads only

– Target organizations: Peer Banks, Big 4 only

– Only Existing VP

The role holder will have regional responsibility for:

– Supporting the deployment of deep subject matter expertise around third party risk regionally

– Providing advice, guidance and challenge to senior businesses, functions and entity management in region

– Supporting development and oversight of effective implementation of the Group’s third party risk framework across the Group

– Providing guidance and support with policy writing, owning and monitoring compliance with a comprehensive set of clear and concise policies that outline the key principles and minimum requirements applicable to the management of third party risk

– Engaging with risk owners, control owners and risk stewards to ensure third party risks are managed in accordance to policy

– Overseeing compliance, for example, through the Risk and Control Assessment process, Top Risk Assessments and Incident Management process

– Promoting and developing third party risk awareness and risk management culture in order to ensure that the material risks are both evident and effectively managed

– Identifying any concerning trends and challenging the business to address these

– Supporting with defining the risk and control library, including minimum control standards, with input from Risk Owners, Business Service and Control Owners, specifying key risks and key controls

– Recommending RCA scoping for third party risk controls and challenge where this is not appropriately applied in the RCA

– Driving appropriate governance for third party risk across key stakeholders and senior control owners

– Reporting on risk and control profile, including impacts of external environment changes, emerging risks and changes to the business strategy.

Qualifications – External:

– Expert level of third party risk management knowledge

– Experienced Risk Steward

– Ability to communicate effectively, building strong relationships and influence senior internal and external stakeholders

– Comprehensive knowledge of the external environment (threat, regulatory, geopolitical, competitor, technological landscapes)

– A change agent who challenges the status quo constructively and positively, leading relevant strategies that enable safe growth

– A degree preferable in relevant discipline

– Proven track record in delivering on time, to budget and to a high level of quality

Key Capabilities:

– Providing Expert Advice and Robust Challenge

– Delivering Risk Steward Policies

– Oversee, Review, and Challenge Risks and Controls

– Understanding and Applying Risk Management in Context