Head of Third Party Risk Management, Asia

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

Reporting to the VP, Finance Asia, this first line risk role is responsible for the oversight, coordination and execution of the Third-Party Risk Management program (“TPRM”) that is compliant with OSFI B-10 Third-Party Risk Management Guideline. This is a dynamic role who will lead the application of the TPRM control and process framework across the Asia region, will lead the Asia TPRM team, and assist multiple diverse business units and functions in TPRM transformation activities, driving innovation and strengthening program governance, effectiveness and efficiency. The BU TPRM teams will have dual reporting to this role (and to the BU CFO).

Job description

• Lead Asia TPRM team, cross functional regional teams and Asia Business Units and work closely with second line Risk teams in the effective rollout of the TPRM Policy and operating guidelines and continuous improvement of the execution of the TPRM program which includes enhancements to the tools and processes.
• Lead in supporting Asia BU Finance organization in establishing a sustainable and appropriate structure, resources, and capabilities.
• Build and maintain a strong team of TPRM professionals who will appropriately manage the third-parry risk of Asia BG.
• Represent Asia BG at the various TPRM forums with Corporate and SLF counterparts on strategic and tactical matters, make decisions in the forums and actively provide advice and/or escalate issues where appropriate.
• Oversee compliance to the policy including monitoring and remediation of Policy non-compliances and reporting progress of material gaps and issue resolution, and present at senior management meetings where needed; and
• Create Asia procedures, develop and deliver training to the Asia BU teams and other stakeholders, as required, to support the development of the TPRM program.
   

Preferred skills

• Strong knowledge of third-party risk management principles, factors and best practices that contribute to third-party risks, with the ability to assess, measure and monitor risk.
• Solid understanding of life insurance and asset management business. 
• A good understanding of the different risk domains pertaining to third party risk management and their unique requirements is advantageous.
• Strong knowledge and experience on process design/redesign and implementation
• Exceptional analytical, problem solving and decision-making abilities with keen attention to detail.
• Positive and open-minded attitude, a natural willingness to support the team and adaptable mindset with the ability to thrive in a fast-paced and rapidly evolving organization.
• Well-developed writing and visual presentation skills to sufficiently articulate analytics results, options, recommendations, and reporting.
• Understanding of practices and operational risks in insurance or banking industry

Qualifications

• University degree with 10+ years’ experience working in Asia with operations, risk management, procurement, preferably in insurance industry. 
• Experienced in running a regional program is an advantage.
• Solid understanding of the Asia culture and business environment across Asian countries
• Possesses direct experience in managing a diverse team.
• Proven experience in stakeholder management, at the corporate, regional, and local business levels. Demonstrable experience of developing strong work relationships with cross-functional business areas and multi-stakeholder landscape to drive execution of key deliverables and facilitate successful risk management within the Three Lines of Defense model.
• Excellent communicator. Has the grit and gravitas to push the TPRM program forward.

Job Category:

Risk Management

Posting End Date:

30/10/2024