Intern, Third Party Risk Management & Outsourcing, Procurement

SCOPE OF WORK/RESPONSIBILITIES

Reporting to the Manager of Third-Party Risk Management & Outsourcing, Procurement, the intern will support and assist the day-to-day third-party risk management & outsourcing operational tasks following the applicable regulatory requirements and guidelines, and internal policies and procedures.



Key Assignment Work (Assignment that will require the intern to harness the skill, knowledge, and theoretical practice they learnt in university, providing them real work experience.)

Assist in verifying the requirements when conducting risk assessment for new and renewal third-party engagements.

Help prepare risk reports and dashboards for governance committees.

Participate in vendor performance monitoring, including KPI and SLA tracking.

Contribute to process improvement initiatives within third-party risk management.

Performing contact reconciliation in accordance with pre-defined deadlines.



Administrative work (Practical general administrative knowledge and work to gain exposure and education on the business/function process in an organization.)

Coordinate with stakeholders for missing or incomplete information required for risk assessments.

· Follow up on pending responses and ensure timely submission of required details

Maintain and update contract registers and risk assessment records.

Assist in data entry and reporting for internal systems and compliance logs.



REQUIREMENTS

(Field of Study/Skills – e.g. Excel, PowerPoint, Social Skills, Written/Verbal Communication)

Currently pursuing or recently completed a degree in Business Administration, Finance, Risk Management, Procurement, or related disciplines.

Fluent written and verbal communication skills.

Proficient in Microsoft (Word, Excel & PowerPoint)

Detail-oriented, organized, and eager to learn.

Ability to work independently and as part of a team.



LEARNING OUTCOMES (describe the knowledge or skills students should acquire by the end the internship, to help the intern to understand why that knowledge and those skills will be useful to them)

Gain knowledge of outsourcing regulations (e.g., BNM Policy) and internal governance standards.

Learn how to assess, classify, and monitor third-party risks in a real business environment.

Enhance communication & coordination skills by engaging with multiple stakeholders and managing timelines.