Third Party Risk Management Regional Lead, Ame
Dubai, United Arab Emirates
Job Description
Job : Operations
Primary Location : Africa & Middle East-United Arab Emirates-Dubai
Schedule : Full-time
Employee Status : Permanent
Posting Date : 10/Oct/2023, 8:11:53 AM
Unposting Date : 24/Oct/2023, 5:59:00 PM
JOB SUMMARY The Third-Party Risk Management (TPRM) Lead, Supply Chain Management (SCM) is responsible for delivering the activities related to third party risk management of vendors and outsourcing service providers in Africa and Middle East, with the purpose of:
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you\'ll see how we value difference and advocate inclusion. Together we:
JOB SUMMARY The Third-Party Risk Management (TPRM) Lead, Supply Chain Management (SCM) is responsible for delivering the activities related to third party risk management of vendors and outsourcing service providers in Africa and Middle East, with the purpose of:
- Ensuring effective end-to-end management and governance of third-party risk for vendors and outsourcing (including intra-group outsourcing) service providers in accordance with Group policies and regional specific regulations.
- Implementing regional specific incremental regulatory requirements as agreed to by the Risk Owners in consultation with Group SCM, and embed and test underpinning controls.
- Supporting first line contract owners to understand and discharge their responsibilities under the policy and local country addenda if applicable.
- Driving standardised engagement and execution of third-party risk management across the region.
- Ensuring third party risk monitoring and reporting is comprehensive and consistent with regulatory requirements with escalation where appropriate.
- Lead TPRM Governance to effectively manage third party risk of external and intra-group outsourcing arrangements and other vendors, in accordance with internal policy and regulatory requirements.
- Understand TPRM trends across the group and proactively ensure that potential weaknesses are addressed.
- Ensure the respective contract owners are monitoring, reviewing, and mitigating risk associated with the third parties in accordance with the TPRM Framework.
- Ensure accuracy and completeness of third party risk reporting to so that business and function stakeholders and risk groups understand gaps in compliance to TPRM Standards. Present this information at relevant TPRM committees and forums.
- Promote and deliver continuous training and awareness to business and functions on third party risk management.
- Contribute to the third-party risk management strategy and overall achievement of functional objectives as a member of the SCM TPRM team working alongside other TPRM team members across the globe
- Escalate any issues to local and Group risk teams and committees as necessary.
- Work collaboratively with SCM TPRM Centre of Excellence (COE) to ensure effective and efficient service delivery for the Region.
- Support Group TPRM transformation projects.
- Continuously look for ways to optimise and streamline local processes ensuring high adherence to requirements, while minimising the burden on contract owners.
- Ensure that local TPRM processes are run in accordance with local country addenda where applicable.
- Ensure appropriate oversight of SCBuy, RADAR and other risk tools to ensure that risk controls are updated accurately and timely.
- Provide data required by OR for outsourcing regulatory returns (where applicable).
- Lead through example and build the appropriate risk culture and embed it into all third-party relationships. Work in collaboration with risk and control partners.
- Ensure the provision of ongoing training for contract owners such that they are suitably skilled and qualified to perform risk assessments to mitigate any risks.
- Provide SCM leadership for risk mitigation to Stakeholders, SCM team members, Contract Managers, and other interested businesses and functions.
- Develop, publish, and present reports of third-party risk oversight activities to key stakeholders and relevant risk committees, in partnership with SCM TPRM COE.
- Ensure appropriate SCM representation at applicable Risk committees within the Region.
- Support internal/external audit and associated regulatory audits as required
- Identify issues and root cause analysis including oversight and facilitation of third-party risk mitigation actions.
- Work closely with Operational Risk (OR) to support them in their role as Second Line of Defence for the TPR Integrated Risk Type.
- Lead and advise SCM local teams on the self-identification of issues as required.
- Establish and lead governance of Outsourcing and Vendors for the Region in partnership with OR at the cluster and regional TPRM Committees with the support of second line risk owners
- Support with the governance of cases of non-compliance with TPRM processes by regional stakeholders
- Provide counsel and leadership to stakeholders across the businesses and functions on outsourcing and vendor risk management
- Ensure a high standard of governance across the Africa and Middle East
- Act as a gatekeeper for potential outsourcing agreements to ensure that global and local requirements are addressed before adding new contracts to the Global Outsourcing Inventory.
- Collaborate with OR and other risk groups to ensure compliance with regulations and compliance reviews related to vendors and outsourcing third parties.
- Ensure completeness and accuracy of TPRM data and be the local single point of contract (SPOC) to support the Global SCM QA (Quality Assurance) Programme.
- Display exemplary conduct and live by the Group\xe2\x80\x99s Values and Code of Conduct.
- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters
- In partnership with Local Compliance and OR, engage with the local regulators on topics related to Outsourcing and TPRM regulation, Procurement and Vendor Management.
- Partner with third party management stakeholders (including but not limited to Outsourcing Owners, Contract Managers, Operational Risk colleagues, Information Security Officers, SCM colleagues, Business Continuity Managers, Compliance and other Risk Owners, etc.) to effectively coordinate and execute third party risk management controls.
- Local Chief Risk Officer, Chief Financial Officer and other members of the Regional Management Team or EXCO
- Group TPRM and Operational Risk teams
- Work experience and / or Professional Certifications on Risk Management, Operational Risk, Governance and Third Party Risk (TPRM) or Supply Chain Management are mandatory for this role.
- Academic or Professional Education/Qualifications: Degree or equivalent qualifications
- Licences and Certifications/accreditations: Risk Management, TPRM or equivalent
- Bank training; Code of Conduct, AB&C and other mandatory learning.
- Languages; English (Mandatory), other languages applicable to the Region are desirable
- Governance, Oversight and Control
- Regulatory Framework and Requirements
- Internal Controls
- Manage Change
- Business Partnering
- Manage Projects
- Process Management
- Risk Assessment
- Communication
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you\'ll see how we value difference and advocate inclusion. Together we:
- Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
- Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
- Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum
- Flexible working options based around home and office locations, with flexible working patterns
- Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
- A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
- Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
- Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you\'ve applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
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Job Detail
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Job IdJD1594621
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationDubai, United Arab Emirates
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EducationNot mentioned