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Assistant Third Party Risk - Job Opportunity at BNP Paribas

Hong Kong, HK
Full-time
Mid-level
Posted: June 10, 2025
On-site
HKD 600,000 - 800,000 per year (USD 77,000 - 102,000), reflecting mid-level risk management positions in Hong Kong's competitive financial services market, with potential for performance bonuses and comprehensive benefits packages typical of major international banks.

Benefits

Comprehensive diversity and inclusion programs with active employee networks supporting LGBTQIA+, gender equality, disability support, and cultural diversity initiatives that create an inclusive workplace environment
Career development opportunities within a leading European banking institution with global presence and 160+ years of market experience
Access to cutting-edge financial technology and risk management systems including advanced automation tools and data analytics platforms
Professional development in sustainable finance and carbon-neutral banking initiatives, positioning employees at the forefront of green finance transformation
Exposure to regional leadership roles across APAC markets with direct reporting to senior management

Key Responsibilities

Drive strategic compliance framework implementation for third-party onboarding and offboarding processes across APAC region, ensuring alignment with both global group standards and local regulatory requirements while maintaining operational excellence
Serve as the primary subject matter expert and strategic advisor to business units and functional teams, providing critical guidance that directly impacts vendor relationship management and operational risk mitigation
Lead cross-functional partnership initiatives with Local Outsourcing Coordinators and Project Managers to proactively identify, assess, and resolve complex risks in third-party lifecycle management, ensuring seamless business continuity
Spearhead process optimization and digital transformation initiatives through automation development and alignment with CIB TPRM Central practices, driving operational efficiency and cost reduction across the organization
Maintain data integrity and quality standards for initial outsourcing registrations in corporate Risk360 system, ensuring accurate risk assessment and regulatory reporting capabilities
Lead remediation efforts for audit and regulatory inspections related to onboarding and offboarding processes, demonstrating organizational resilience and compliance excellence to stakeholders
Contribute strategic insights and analysis to Third Party Steering Committee and Regional Internal Control Committee meetings, influencing high-level risk management decisions and organizational strategy
Build and maintain strategic partnerships across APAC TPRM teams, Local Outsourcing Coordinators, and CIB TPRM Central team, fostering collaborative excellence and knowledge sharing across geographical boundaries

Requirements

Education

Bachelor or Master Degree

Experience

3-5+ years minimum of experience in outsourcing management or third party risk management or control function, preferably in financial institutions or consulting firms

Required Skills

Sound project management skills Change Management Technical expertise in Microsoft (Power BI, SharePoint, Excel Macro, PowerPoint, etc) & basic understanding of SQL Third-Party lifecycle process Excellent communication verbally & written in English Delivery focus Self-starter Problem solving Innovative Well-structured with good organizational skills Data analysis Team player/building relationships Good communication facilitator

Certifications

Risk Management / Internal Controls / TPRM related accreditation would be desirable
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Sauge AI Market Intelligence

Industry Trends

Third-party risk management has become a critical focus area for financial institutions following increased regulatory scrutiny from global banking authorities, with banks investing heavily in digital transformation and automation of vendor management processes to meet compliance requirements and operational efficiency targets. The APAC financial services sector is experiencing rapid digitization and regulatory harmonization, driving demand for specialized risk management professionals who can navigate complex multi-jurisdictional compliance requirements while supporting business growth objectives. Financial institutions are increasingly adopting integrated risk management platforms and data analytics tools to enhance third-party oversight capabilities, creating opportunities for professionals with technical skills in business intelligence tools and data management systems.

Role Significance

Typically operates within a team of 8-12 risk management professionals across different streams (onboarding, oversight, transformation, permanent control), with direct collaboration with 15-20 Local Outsourcing Coordinators across APAC markets and regular interaction with senior management committees.
Mid-level individual contributor role with significant cross-functional influence and direct access to senior leadership, positioned as a subject matter expert with advisory responsibilities that impact organizational risk strategy and operational efficiency across the APAC region.

Key Projects

Implementation of automated third-party risk assessment workflows and digital onboarding platforms Regional compliance framework harmonization projects across multiple APAC jurisdictions Regulatory remediation initiatives following audit findings or supervisory guidance Cross-border vendor consolidation and optimization projects Development of integrated risk reporting dashboards and management information systems

Success Factors

Technical proficiency in risk management systems and data analytics tools, combined with strong project management capabilities to drive complex, multi-stakeholder initiatives across geographical boundaries and organizational levels. Exceptional communication and relationship-building skills to effectively influence business stakeholders, coordinate with regional teams, and present complex risk concepts to senior management and regulatory audiences. Deep understanding of regulatory landscapes across APAC markets and ability to translate compliance requirements into practical operational frameworks that support business objectives while maintaining risk management excellence. Change management expertise and innovative problem-solving approach to drive process optimization and digital transformation initiatives in a rapidly evolving regulatory and technological environment.

Market Demand

High demand driven by regulatory requirements and digital transformation initiatives across APAC financial institutions, with limited supply of experienced professionals combining technical risk management expertise with regional market knowledge.

Important Skills

Critical Skills

Third-party lifecycle process expertise is fundamental to success in this role, as it encompasses the core knowledge required to assess vendor relationships, understand contractual obligations, manage regulatory compliance, and optimize operational efficiency across complex multi-jurisdictional environments. Advanced technical proficiency in Microsoft ecosystem tools (Power BI, SharePoint, Excel Macro) and SQL database management is essential for data analysis, reporting automation, and system integration tasks that form the backbone of modern risk management operations. Project management and change management capabilities are crucial for driving process improvements, leading cross-functional initiatives, and managing stakeholder expectations across diverse organizational levels and geographical locations.

Beneficial Skills

Professional risk management certifications (FRM, PRM, or similar) would enhance credibility and provide structured knowledge framework for career advancement in specialized risk management roles. Additional programming languages (Python, R) or advanced analytics skills would differentiate candidates and support digital transformation initiatives in risk management technology. Regional language capabilities (Mandarin, Japanese) would facilitate stakeholder engagement and expand career opportunities across APAC markets with diverse linguistic requirements.

Unique Aspects

Direct reporting relationship to APAC Head of TPRM provides exceptional visibility and access to senior leadership decision-making processes
Opportunity to shape regional third-party risk management strategy and influence organizational direction across multiple markets
Integration with global CIB TPRM Central practices offers exposure to best-in-class risk management frameworks and international career development opportunities
Focus on automation and digital transformation provides cutting-edge experience in fintech applications and process optimization
Cross-functional collaboration across diverse APAC markets offers unique cultural and regulatory experience valuable for international career progression

Career Growth

Progression to senior leadership roles typically occurs within 3-5 years for high-performing individuals, with opportunities for regional head positions or specialized consulting roles depending on market conditions and individual development trajectory.

Potential Next Roles

APAC Head of Third Party Risk Management Regional Risk Management Director Chief Risk Officer (smaller institutions) Third Party Risk Management Consultant (Big Four firms) Operational Risk Manager (broader scope) Compliance Director with TPRM specialization

Company Overview

BNP Paribas

BNP Paribas stands as the leading European Union bank and one of the world's largest financial institutions, maintaining an uninterrupted presence in the APAC region since 1860, offering comprehensive financial services spanning corporate and institutional banking, wealth management, asset management, and insurance across diverse market segments.

Dominant market position in European banking with significant global reach and strong APAC presence, recognized as a systemically important financial institution with robust regulatory compliance track record and innovative approach to sustainable finance and digital transformation initiatives.
Hong Kong serves as a strategic regional hub for APAC operations, providing extensive exposure to diverse markets, regulatory environments, and business cultures across the region, with significant opportunities for cross-border collaboration and career development within the broader regional organization.
Professional environment emphasizing diversity, inclusion, and sustainability, with strong focus on employee development, collaborative teamwork, and innovation, supported by comprehensive employee networks and commitment to work-life balance within a performance-driven culture.
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