- Ang Mo Kio North-east Region (Singapore) Singapore
Kerja Sepenuh Masa Third Party Risk Management Specialist, Gaji tinggi SGD 7,500 di NETWORK FOR ELECTRONIC TRANSFERS (SINGAPORE) PTE LTD North-east Region (Singapore) - Maukerja
Third Party Risk Management Specialist
NETWORK FOR ELECTRONIC TRANSFERS (SINGAPORE) PTE LTD
Kongsi
Simpan
Lokasi Kerja
Penerangan Kerja
Tanggungjawab
Company Overview
The NETS Group is a leading payments services group, enabling digital payments for merchants, consumers and banks across the entire payments value chain.
The Group operates Singapore’s national debit scheme enabling customers of DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments using their ATM cards or mobile devices at more than 130,000 acceptance points in the country as well as online payments.
Job Summary
The TPRM Specialist supports the VP of Corporate & Workplace Solutions in managing the Third Party Risk Management program, ensuring effective oversight of vendor performance, compliance, and risk controls across NETS Group entities.
Responsibilities
Propose and implement improvements to the TPRM program based on changes in third-party risk profiles, security standards, regulatory requirements, and operating environment
Review and assess TPRM-related policies and procedures for effectiveness and regulatory compliance
Provide expert advisory to business and IT stakeholders on due diligence assessments, risk monitoring, service level agreements, and contractual clauses to meet regulatory standards
Advise on managing adverse developments, contractual breaches, and non-compliance issues with third parties
Collaborate with SMEs from BCM, IT Security, IT Governance, Legal, and other functions to review new and existing third-party arrangements and challenge risk assessments and vendor management processes
Plan and conduct TPRM Committee meetings, setting agendas on due diligence approvals, monitoring activities, and remediation status
Track, document, and report gaps, deviations, and adverse findings in third-party risk management processes
Perform independent testing to verify the effective implementation of TPRM processes and controls
Support internal and external audits related to third-party risk management
Required competencies and certifications
Degree in Information Technology, Business Administration, or a related field
Minimum 3–5 years of experience in vendor management, procurement, risk and compliance, business audit, or related roles within the financial industry
Preferred competencies and qualifications
Good knowledge and understanding of regulatory and legal requirements related to IT vendor management and contracts
Ability to rigorously execute tasks with a strong risk mindset in a critical payment infrastructure environment
Capability to independently engage and collaborate with business and IT stakeholders to achieve TPRM objectives
Strong organizational and problem-solving skills with meticulous attention to detail
Effective written and verbal communication skills to convey complex risk and compliance matters
Project and time management skills to prioritize tasks and meet tight deadlines
The NETS Group
The NETS Group is a leading payments services group, enabling digital payments for merchants, consumers and banks across the entire payments value chain.
The Group operates Singapore’s national debit scheme enabling customers of DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments using their ATM cards or mobile devices at more than 102,000 acceptance points in the country as well as online payments.
The NETS network also accepts NETSPay, UnionPay and BCA cards, and includes 40,000 Unified POS terminals and 55,000 QR acceptance points. NETS is also the issuer of CashCard and Flashpay cards.
The NETS Group manages and operates the clearing and payment infrastructure for the Singapore Clearing House Association and core electronic transfer services FAST, Inter-bank GIRO and PayNow.
It is the market leader for payment and clearing solutions (Real-Time Gross Settlement system and Cheque Truncation System) in the region with some S$1 trillion in transaction value processed through its systems every year.
NETS is a member of the Asian Payment Network and a council member of UnionPay International.
Towards a cashless society
In 1985, Singapore embarked on an ambitious plan to push the country towards becoming a cashless society.
The introduction of Interbank GIRO (enabling the public to pay their bills electronically) and the implementation of the NETS debit scheme (allowing consumers to make purchases at retail stores with just a card and PIN) were the start of a more-than-30-year journey that has seen numerous cashless payment innovations added to Singapore’s economy.
Today, NETS is an integral part of daily life in Singapore. From shopping to transport, paying bills and fees, or transferring money, NETS ensures that payments are made swiftly and securely each and every time.
The NETS Group is a leading payments services group, enabling digital payments for merchants, consumers and banks across the entire payments value chain.
The Group operates Singapore’s national debit scheme enabling customers of DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments using their ATM cards or mobile devices at more than 130,000 acceptance points in the country as well as online payments.
Job Summary
The TPRM Specialist supports the VP of Corporate & Workplace Solutions in managing the Third Party Risk Management program, ensuring effective oversight of vendor performance, compliance, and risk controls across NETS Group entities.
Responsibilities
Propose and implement improvements to the TPRM program based on changes in third-party risk profiles, security standards, regulatory requirements, and operating environment
Review and assess TPRM-related policies and procedures for effectiveness and regulatory compliance
Provide expert advisory to business and IT stakeholders on due diligence assessments, risk monitoring, service level agreements, and contractual clauses to meet regulatory standards
Advise on managing adverse developments, contractual breaches, and non-compliance issues with third parties
Collaborate with SMEs from BCM, IT Security, IT Governance, Legal, and other functions to review new and existing third-party arrangements and challenge risk assessments and vendor management processes
Plan and conduct TPRM Committee meetings, setting agendas on due diligence approvals, monitoring activities, and remediation status
Track, document, and report gaps, deviations, and adverse findings in third-party risk management processes
Perform independent testing to verify the effective implementation of TPRM processes and controls
Support internal and external audits related to third-party risk management
Required competencies and certifications
Degree in Information Technology, Business Administration, or a related field
Minimum 3–5 years of experience in vendor management, procurement, risk and compliance, business audit, or related roles within the financial industry
Preferred competencies and qualifications
Good knowledge and understanding of regulatory and legal requirements related to IT vendor management and contracts
Ability to rigorously execute tasks with a strong risk mindset in a critical payment infrastructure environment
Capability to independently engage and collaborate with business and IT stakeholders to achieve TPRM objectives
Strong organizational and problem-solving skills with meticulous attention to detail
Effective written and verbal communication skills to convey complex risk and compliance matters
Project and time management skills to prioritize tasks and meet tight deadlines
The NETS Group
The NETS Group is a leading payments services group, enabling digital payments for merchants, consumers and banks across the entire payments value chain.
The Group operates Singapore’s national debit scheme enabling customers of DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments using their ATM cards or mobile devices at more than 102,000 acceptance points in the country as well as online payments.
The NETS network also accepts NETSPay, UnionPay and BCA cards, and includes 40,000 Unified POS terminals and 55,000 QR acceptance points. NETS is also the issuer of CashCard and Flashpay cards.
The NETS Group manages and operates the clearing and payment infrastructure for the Singapore Clearing House Association and core electronic transfer services FAST, Inter-bank GIRO and PayNow.
It is the market leader for payment and clearing solutions (Real-Time Gross Settlement system and Cheque Truncation System) in the region with some S$1 trillion in transaction value processed through its systems every year.
NETS is a member of the Asian Payment Network and a council member of UnionPay International.
Towards a cashless society
In 1985, Singapore embarked on an ambitious plan to push the country towards becoming a cashless society.
The introduction of Interbank GIRO (enabling the public to pay their bills electronically) and the implementation of the NETS debit scheme (allowing consumers to make purchases at retail stores with just a card and PIN) were the start of a more-than-30-year journey that has seen numerous cashless payment innovations added to Singapore’s economy.
Today, NETS is an integral part of daily life in Singapore. From shopping to transport, paying bills and fees, or transferring money, NETS ensures that payments are made swiftly and securely each and every time.
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