APAC Control - Third Party Risk Management/ Outsourcing Consultant APAC Control - Third Party Risk Management/  …

Wells Fargo
in Singapore, Singapore, Singapore
Permanent, Full time
Be the first to apply
Competitive
Wells Fargo
in Singapore, Singapore, Singapore
Permanent, Full time
Be the first to apply
Competitive
APAC Control - Third Party Risk Management/ Outsourcing Consultant
Wells Fargo & Company (NYSE: WFC) is a leading global financial services company with $2.0 trillion in assets and offices in over 37 countries. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides asset management, capital raising and advisory, financing, foreign exchange, payments, risk management, and trade finance services to support customers who conduct business in the global economy. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We also value the viewpoints of our team members and encourage them to be their best. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Learn more at our International Careers website .

Market Job Description

This team member must be capable of initiating action and managing change in a fast paced environment under regulatory scrutiny and heightened expectations. It requires a team member with strong relationship management, influencing, vision and execution skills.

Specific Responsibilities:
  • Third Party Risk Management
    • As the programme owner for the APAC Third Party Risk Management programme, you are responsible for
      • Developing and maintaining regional specific procedures, framework, tools and other mechanisms such as KPIs, KRIs, as needed to build and maintain a regional Third Party Risk Management Programme
      • Coordinating with corporate, LoB/EF and other stakeholders to ensure that corporate requirements and regional requirements are aligned in the regional programme
    • As the Subject Matter Expert in Third Party in APAC, you are responsible for:
      • Coordinating regional LoB/EF specific procedures
      • Coordinating and providing regional Front Line input to documents related to TPRM such as LoB/EF and corporate policies, procedures and related documents
      • Providing advice to LoB/EF on third party risk assessment and other due diligence activities as well as regional audits, testing and validation and regulatory reviews.
    • As the APAC Third Party Officer, you are responsible for:
      • Understanding and articulating the third party service providers landscape including performing regular P2P reviews, spend analysis, etc.
      • Chairing the appropriate Communities of Practice on Third Party Risk Management to share information and good practice
  • Outsourcing
    • As the programme owner for the APAC Outsourcing programme, you are responsible for:
      • Developing the regional outsourcing programme including specific procedures, framework, templates and other mechanisms as needed
      • Identifying, driving or engaging in "Change-the-Bank" outsourcing programme activities to enhance the existing programme
      • Performing and, where possible improving on, "Run-the-Bank" outsourcing activities such as:
        • Reviewing, maintaining and updating the outsourcing register
        • Performing periodic review and ongoing due diligence on existing outsourcing arrangements
        • Coordinating approval process for new outsourcing arrangements from completion of risk assessment to submission to outsourcing council for review and approval
    • As the Subject Matter Expert in Outsourcing in APAC, you are responsible for:
      • Understanding the outsourcing requirements
      • Keeping abreast of regulatory changes and working with the regulatory change teams to understand the implications and gaps
      • Communicating regulatory changes and requirements changes on outsourcing to relevant stakeholders


Market Skills and Certifications

5+ years of experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both. Desired Qualifications:
  • Knowledge on Third Party Risk Management and Outsourcing requirements
• Ability to articulate complex concepts in a clear manner
  • Strong analytical skills with high attention to detail and accuracy
  • Advanced Microsoft Office skills
  • Excellent verbal, written, and interpersonal communication skill
  • Ability to escalate issues
  • Ability to exercise independent judgment to identify and resolve problems
  • Knowledge and understanding of risk management
  • Knowledge and understanding of Third Party Risk Information Management System (TRIMS) and Shared Risk Platform (SHRP) such as reporting and issue management
  • Solid conflict management and decision making skills

We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
Region
APAC
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