About the Third Party Risk Management Specialist - APAC
Third Party Risk Management (TPRM) Specialist - APAC is the intermediate level role in Wise’s Third party Risk management. This individual is responsible for ensuring the outsourcing activities comply with relevant outsourcing regulations and laws, align with internal policies and procedures, and are effectively governed to minimise risk exposure in the regional level. The role involves coordinating TPRM efforts globally, supporting regional stakeholders teams, coordinating audit finding and other gaps, and facilitating reporting activities in the APAC region.
The specialist will collaborate with local internal teams and other stakeholders to manage and report on outsourcing risks, ensuring effective third-party risk management across the company.
Third Party Risk Management (TPRM) Specialist - APAC duties and responsibilities:
- Outsourcing risk communication and remediation support
Facilitate the presentation of regional outsourcing risk profiles locally. Provide support for outsourcing-related remediation activities, ensuring that control measures are fit for purpose and meet country-specific requirements and align with global program.
- Support with risk appetites and KRIs
The specialist assists in establishing and defining the risk appetite for entities, ensuring alignment with overall business objectives and risk management strategies. Role to perform KRIs mapping to identify and monitor key risk indicators.
- Global-Regional coordination and oversight
Lead global coordination efforts of TPRM program regionally, overseeing the alignment of policies and procedures with regulatory requirements, supporting regional teams in their TPRM activities, and providing oversight for policy adherence and procedure effectiveness.
- Regional Compliance and Regulatory expertise
Maintain up-to-date knowledge of relevant regional outsourcing regulations globally and related laws affecting third-party risk management. Ensure the TPRM program aligns with regional regulatory requirements and best practices, and design a strategic foundation for building processes and operationalizing relevant regulatory expectations.
- Reporting and audits
Support regulatory reporting requirements, Risk Committees and local Boards, ensuring that information regarding critical vendors are presented and with the updated risk status, maintaining local outsourcing registers in compliance with regulatory mandates is accurately and timely reported and communicated.
- Support and collaboration with regional teams
Coordinate with regional teams to identify and address regional issues and challenges in the TPRM area, ensuring that the Wise's third-party risk management efforts are cohesive and aligned across all operational areas and regions.
- Build third party risk awareness and trainings
Build and embed a culture of awareness about third-party processes, and deliver training and workshops to stakeholders involved in managing third-party relationships, continuously improving their understanding of processes and the TPRM program.
The Specialist is reporting directly to the Third Party Risk Management Lead.
You are the perfect fit if you have:
Strategic oversight and a thorough understanding of outsourcing risks.
Experience in outsourcing and third party risk management practices.
Demonstrated ability to communicate, present and influence credibly and effectively at all levels of the organisation.
Excellent coordination and project management skills to coordinate TPRM efforts globally and regionally.
Possess compliance knowledge and understand how to apply various regulations effectively.
A “can do” attitude and a passion to tackle challenges and get things done.
Knowledge of local regulations, law and industry expectations, comfortable working in a fast-paced environment and being flexible with priorities changing.
A “can do” attitude and a passion to tackle challenges and get things done.
Knowledge of regulatory framework, comfortable working in a fast-paced environment and being flexible with priorities changing.
Excellent analytical skills with the ability to analyse big amounts of data, laws and regulations.
Ability to build relationships and trust within various stakeholders globally.
A bit about our team and how you’ll be fitting right
As seen above, this role can be quite diverse and gets a bit hectic, hence we’re looking for someone who would thrive in that environment, someone who is happy to jump into the next challenge every week, month or quarter. Great ownership attitude with time management skills is indeed needed.
In return, we make sure that you’ll have a like-minded and supportive team around you, where you can be confident in working independently in a fast-paced environment.
We’re looking for someone who never gets settled and keeps giving feedback to the team on the procedures we have built. If you have an idea on how to do things in a better way, we guarantee that you’ll be heard! Our team covers many areas all across the company, meaning that you will have a chance to explore and develop yourself in the directions you prefer.
What do we offer:
Key benefits:
Flexible working - whether it’s working from home, school plays or life admin we get that flexibility is essential and you’re trusted to do the right thing and be responsible
Paid annual holiday, sick days, parental leave and other leave opportunities
6 weeks of paid sabbatical after 4 years at Wise on top of annual leave
If you're interested in the position, please apply for the latest 7th August 2024. Kindly attach your Cover letter and resume as ONE document.
