Senior Manager, Operational Risk Management
1 month ago
Company: A leading Malaysian financial institution, known for its innovative financial solutions and commitment to customer satisfaction.Job Summary:The role is responsible for overseeing the Operational Risk Management (ORM)...
Company: A leading Malaysian financial institution, known for its innovative financial solutions and commitment to customer satisfaction.
Job Summary:
The role is responsible for overseeing the Operational Risk Management (ORM) function at a Bank. This includes implementing and executing the bank's risk management framework to identify, measure, monitor, control, and report on risk exposures.
Key Responsibilities:
- Risk Assessment: Identify and evaluate operational risks to support the enterprise risk management strategy.
- Threat Identification: Detect potential threats and vulnerabilities in business processes and data.
- RCSA Facilitation: Lead Risk Control Self-Assessment (RCSA) exercises by Business Units.
- KRI and Loss Reporting: Assist in collecting Bank-wide Key Risk Indicators (KRIs) and Loss Event Reporting.
- Review Procedures: Review new or revised procedures, policies, and products before management submission.
- Risk Assessment of Providers: Provide independent risk assessments for service providers and outsourcing arrangements.
- Operational Risk Review: Validate efficiency and effectiveness of operational risk responses with stakeholders.
- Compliance Monitoring: Ensure ORM and outsourcing policies comply with internal and regulatory requirements.
- Report and Train: Report risk matters to Senior Management and the Board, and develop risk awareness programs and training.
- Control System: Ensure an effective internal controls system is in place to address major risks.
- Additional Tasks: Perform other tasks as assigned by the Head of Operational Risk or CRO.
Qualifications:
- Education: Bachelor’s Degree in Business Administration, Commerce, Accounting, Finance, Banking, or equivalent.
- Experience: At least 8 years of relevant experience in banking, external audit, or consultancy.
- Knowledge: Strong understanding of operational risks, governance practices, internal control systems, and enterprise risk management concepts.
- Skills: Strategic thinking, data analysis, problem-solving, strong communication, and negotiation skills.
- Additional: Ability to manage and motivate individuals at various levels.
- Competitive banking package.
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