Third Party Risk Management Specialist

Company OverviewThe 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 SummaryThe 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.ResponsibilitiesPropose and implement improvements to the TPRM program based on changes in third-party risk profiles, security standards, regulatory requirements, and operating environmentReview and assess TPRM-related policies and procedures for effectiveness and regulatory complianceProvide expert advisory to business and IT stakeholders on due diligence assessments, risk monitoring, service level agreements, and contractual clauses to meet regulatory standardsAdvise on managing adverse developments, contractual breaches, and non-compliance issues with third partiesCollaborate 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 processesPlan and conduct TPRM Committee meetings, setting agendas on due diligence approvals, monitoring activities, and remediation statusTrack, document, and report gaps, deviations, and adverse findings in third-party risk management processesPerform independent testing to verify the effective implementation of TPRM processes and controlsSupport internal and external audits related to third-party risk managementRequired competencies and certificationsDegree in Information Technology, Business Administration, or a related fieldMinimum 3–5 years of experience in vendor management, procurement, risk and compliance, business audit, or related roles within the financial industryPreferred competencies and qualificationsGood knowledge and understanding of regulatory and legal requirements related to IT vendor management and contractsAbility to rigorously execute tasks with a strong risk mindset in a critical payment infrastructure environmentCapability to independently engage and collaborate with business and IT stakeholders to achieve TPRM objectivesStrong organizational and problem-solving skills with meticulous attention to detailEffective written and verbal communication skills to convey complex risk and compliance mattersProject and time management skills to prioritize tasks and meet tight deadlines