Manager, Group Operational Risk Management
4 days ago
AFFIN Group WP. Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia
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Job Purpose
- Ensure compliance with standards related to internal Operational Risk Management Policies and relevant Bank Negara Malaysia ("BNM"), Securities Commission or Bursa regulatory policies and procedures.
- Provide independent review and recommendation on respective Operational Risk Management tools to Management.
- Review and assist with development of Group Operational Risk Management Framework and relevant Standard Operational Procedure documents.
- Facilitate independent review and appraisal of all Operational Risk events and ORM tool results to Management.
- Conduct Gap analysis on Group's Operational Risk Management Policy against relevant BNM policies.
- Execute ORM processes using ORM tools in accordance with BNM's Operational Risk Policy.
- Facilitate Business/Support Units in the implementation of ORM tools.
- Facilitate the preparation of Operational Risk reports to Management Committees (e.g., GMC-GRC, SMC-GMC or GMC) and Board Risk Management Committees/Board.
- Conduct bank-wide Operational Risk Awareness briefing and Operational Risk Management System training.
- Facilitate Business/Support units to implement their ORM tools, i.e., Risk Control Self-Assessment (RCSA), Control Self-Testing (CST), Key Risk Indicators (KRIs) and Scenario Analysis (ScAn) including stress testing.
- Facilitate BRCM/DRCO/ORC on operational risk methodologies, procedures, tools, support and follow-up actions.
- Monitor Operational risk event data and ensure resolutions are updated and reported on a timely basis and ensure timely submission of BNM's ORR reporting.
- Monitor losses (i.e., Actual, Potential, Near Miss) amount against the approved risk appetite.
- Facilitate in outsourcing risk assessment activities with relevant stakeholders within the bank.
- Any other Ad-hoc activities or assignments as assigned by the Head of Department.
- Minimum of Bachelor's degree in Business Administration/Finance/Economics or related fields.
- At least 5 years' experience in Operational Risk Management and related areas in the Banking Industry or business/corporate environment.
- General understanding/previous exposure to banking activities, products, processes and systems.
- Able to demonstrate conceptual thinking and analytical skills.
- Able to work independently and resourceful.
- Good in Microsoft Office and reporting tools.
- Mid-Senior level
- Full-time
- Finance and Sales
- Banking
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