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Job Details


Senior IDS Specialist

Business and Financial Operations

Financial Specialist

Full Time

On Site


Chicago, Illinois, United States

Job description

The Third-Party Risk Officer (TPRO) is the coordinator and primary point of contact on Third Party Risk related matters for DBS Technology. The TPRO provides third party risk management support, subject matter expertise, leadership and direction for Third Party Engagement Managers (TPEM) and Supplier Relationship Managers (SRM) on third party risk related matters. Responsibilities align to the Third-Party Risk (TPR) and Third-Party Management (TPM) framework.

In addition, this role will also support DBS Technology Business Continuity as a coordinator and member of Business Continuity Planning Group (BCPG). Responsibility includes being the primary contact for completion of Business Incident Continuity Management (BCOM) matters and participation and coordination of business continuity planning exercises. The BCPG provides support, subject matter expertise, leadership and direction for BCMNow contributors and IT management.

Here’s what you can expect:

  • Awareness of new engagements, contract renewals, amendments, timely submission to ensure proper lead time for sourcing strategies, due diligence, negotiation, legal review
  • Submission of the Procurement Service Requests (PSR) in a timely manner prior to contract expiration.
  • Assist in developing action plans relevant to contract monitoring findings or risk domain remediation as needed.
  • Conduct TPR training for new TPEMs, cascade pertinent TPR program information and changes to TPEMs and Supplier Relationship Managers.
  • Responsible for reviewing each engagement submitted by Third Party Engagement Manager (TPEM) in the 3PEET system in order ensure accuracy and determine if the triggered risks and the materiality of the engagement are appropriate for the type of goods/services being provided.
  • Responsible to ensure all due diligence requirements are met and all approvals documented prior to contract execution.
  • Responsible to ensure TPEM monitoring activities commences after contract is signed and is evidenced in Contract Monitoring System (CMS).
  • Oversee business line compliance with regards to annual contingency policy requirements
  • Conduct annual emergency notification system (ENS) department calls
  • Assist BCIM team with the MASS (Monitoring and Support Services) team Quality reviews for your assigned departments
  • Communicate both horizontal and vertical within your LOB as well as to the BCIM team any changes within your line of business
  • Identify any emerging risks
  • Communicate any crisis event, attend crisis event meetings
  • Work with BCIM to invoke contingency plans as necessary and communicate that back to the business lines / support areas, report operational status of business line / support areas back to BCIM (RAG status) in case of an event
  • Provide short-term strategic direction for business line / support areas in case of an event.

For this role, HSBC targets a fixed pay range between $68,900 and $103,300.

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.