AVP / Manager, Third-Party Due Diligence Specialist
OCBC · Malaysia · 1d ago
WHO WE ARE:
As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.
Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future.
We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career.
Your Opportunity Starts Here.
Job Summary
Lead and execute risk-based due diligence for third-party service arrangements, with a focus on technology (including digital and information security risks), cybersecurity, and operational resilience risks. This role involves conducting independent risk assessments, issue management, and providing advisory support to ensure compliance with regulatory requirements, internal policies and international standards. This position requires close collaboration with key internal teams and external service providers.
Key Responsibilities
Customise and adapt risk- and context-based questionnaires to ensure assessments align with applicable regulatory requirements and expectations and remain responsive to evolving risk considerations.
Conduct comprehensive, risk- and context-based due diligence, including site visits, with a focus on information security, technology architecture, cybersecurity maturity, regulatory compliance, business continuity and physical security risks.
Evaluate vendor controls across key domains, including but not limited:
Information security and cybersecurity controls (including continuous monitoring of cybersecurity posture).
Cloud, infrastructure, and data protection risks
IT resilience, BCP/DR, and incident response
Identify control gaps and risk exposures, and assess inherent and residual risk, including recommendations for mitigation.
Provide subject matter advisory support in managing identified issues by reviewing remediation action tracking and evaluating the timelines and adequacy of controls.
Prepare and present risk reports, dashboards, and insights to stakeholders and management.
Collaborate with policy owners to ensure alignment with governance and regulatory requirements. Partner with service owners, business units, risk type owners, Procurement, Compliance, Legal, and other assurance functions in the second and third line of defence to identify and appropriately escalate third-party risks.
Support Head of ORM in addressing the Central Bank, Internal Audit, and Compliance observations.
Qualifications & Experience
Degree in Information Security, Cybersecurity, Information Technology, Risk Management, or related field
5-8 years of experience in TPRM, Technology Risk, Cybersecurity, IT audit, or due diligence.
Comprehensive knowledge of BNM RMiT guidelines with practical experience executing mandatory Third-Party Risk Management (TPRM) assessments and vendor due diligence.
Strong knowledge of:
Cybersecurity frameworks (e.g., ISO 27001 (Information Security Management Systems), NIST CSF (National Institute of Standards and Technology Cybersecurity Framework), BNM RMiT (Bank Negara Malaysia Risk Management in Technology), MAS TRM (Monetary Authority of Singapore Technology Risk Management)
Third-party risk management (TPRM), outsourcing regulations, and data privacy laws (PDPA)
IT control design, gap analysis, and operating effectiveness assessment
Hands-on experience reviewing:
Vendor security questionnaires, Outsourced Service Provider Audit Report (OSPAR), System and Organization Controls (SOC) reports, and ISO certifications
Vulnerability assessments and penetration testing (VAPT) outputs to determine residual risk
Key Competencies
Strong analytical and risk judgement capability
Strong capability to analyse complex documentation and interpret audit reports.
Ability to independently assess and challenge risk decisions
Effective stakeholder management and communication skills
Ability to manage multiple assessments in a dynamic environment
High attention to detail with strong documentation discipline
Preferred
Certifications such as Certified Information Systems Security Professional (CISSP), Certified Information Security Manager (CISM), Certified Information Systems Auditor (CISA), Certified in Risk and Information Systems Control (CRISC), Certified Third Party Risk Professional (CTPRP).
Proficient in Microsoft 365 and the Power Platform, with experience building interactive Power BI reports, configuring custom Power Apps, and managing data workflows.
Experience with TPRM platforms.
Familiarity with outsourcing risk management, cloud governance, data privacy regulations and third-party cybersecurity oversight.
Knowledge of Operational Resilience management is a plus.
What we offer:
Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.